Industry Snapshot
The engineering sector is the largest segment of Indian Industry. The important groups within the engineering industry include machinery & instruments, castings, forgings, fasteners, electronic goods and project exports. The engineering sector employs over 4 million skilled and semi-skilled workers (direct and indirect) the sector can be categorized into Heavy Engineering and Light Engineering segments. Growth in India’s manufacturing sector has provided a stimulus for the engineering industry to develop capabilities in product development and advanced manufacturing technology. India manufactures the entire range of industrial machinery. Apart from demand from user industries, the availability of technical education infrastructure that provides an increased number of technically trained human resources, each year has been another key factor aiding the engineering industry in India.
Talent Challenges
India ranked second in global manufacturing competence in 2010, according to a report by Deloitte. The country will be gaining an even stronger foothold on this position over the next five years. India’s rich talent pool of scientists, researchers, and engineers, as well as its large, well-educated English-speaking workforce and democratic regime make it an attractive destination for manufacturers. Indian manufacturing/engineering industry employs over 4 million skilled and semi-skilled workers (direct and indirect). The sector saw a rise in salary of both middle and senior level management because of optimism in the domestic market, major foreign investments, high inflation and Greenfield entrants and brown field expansions.
GS's Perspective
With a dedicated team of 70 consultants and researchers working across diverse sub sectors such as light and heavy engineering, plastic, metals, fine and heavy chemicals, textiles, GS Consultants is well positioned to service clients in this sector. Our consultants are domain experts who have spent their initial years in core industry across functions. They understand the ever-changing challenges of talent acquisition in this progressively complex environment. We have helped our clients in this sector recruit over 500 professionals in India and overseas in the past one year.
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