Make in India – A New Dawn for Engineers

When Prime Minister Narendra Modi launched ‘Make in India’ campaign in September last year, not many would’ve estimated its potential in generating employment opportunities for the country.

Establishing India as a global manufacturing hub may be the primary objective behind the initiative but what it brings to the table is much more than one could ever imagine.

As the campaign invites foreign companies to set their manufacturing units in India, it will create more new industries. More new industries mean more new job opportunities.

Moreover, the campaign will create an environment where young engineers are encouraged to upgrade and expand their skills in order to meet the requirements of the job market.

‘Make in India’ will particularly focus on skill enhancement and job creation in twenty-five sectors of the economy, including: automobiles, chemicals, IT, pharmaceuticals, textiles, ports, aviation, leather, tourism and hospitality, wellness, railways, design manufacturing, renewable energy, mining, bio-technology, and electronics.

Promoting and supporting this initiative will therefore, not only push the country on a high and sustainable growth trajectory but it will also give budding engineers an opportunity to explore career options far beyond than they would otherwise expect.

Since economic development of a country means more employment opportunities, let us understand how some of the sectors under ‘Make in India’ are expected to grow in the next few years:


Automobile:

- India’s automotive industry accounts for 45% of the country's manufacturing gross domestic product (GDP), 7.1% of the country's GDP and employs about 19 million people both directly and indirectly

- Currently, India is the world’s seventh largest producer with an average annual production of 23.36 Million vehicles, of which 3.57 Million are exported

- By 2020, India’s car market has the potential to grow to six Million-plus units annually

- India is estimated to become the third largest automobile market by 2022 and will account for more than 5% of global vehicle sales

Aviation:

- India is currently the ninth largest civil aviation market in the world and it is expected to become the third largest by 2020

- The country’s aviation sector is expected to see investments totalling $12.1 Billion during 2012-17; $9.3 Billion is expected to come from the private sector.

- By 2020, Indian carriers are expected to increase their fleet size to reach 800 aircraft.

- By the year 2030, India is likely to increase the number of operational airports to 250.

Biotechnology:

- India is one of the top 12 biotech destinations in the world and it ranks third in the Asia-Pacific region.

- By 2025, the Indian biotech industry will grow at an average growth rate of around 30% a year and reach $100 Billion

- The government plans to spend $3.7 Billion on biotechnology between the period 2012-17

- One of the major growth drivers in this sector is the establishment of national research laboratories centres of academic excellence in biosciences, several medical colleges, educational and training institutes offering degrees and diplomas in biotechnology, bio-informatics and biological sciences.

Chemicals:

- The Indian chemicals industry accounts for about 1.38% of the nation’s GDP and is therefore, a key constituent of the country’s economy

- India is the third largest producer of chemicals in Asia and sixth by output, in the world.

- India is currently the third largest consumer of polymers and fourth largest producer of agro-chemicals in the world.

- The chemicals industry is one of the most diversified sectors in India, covering more than 70,000 commercial products.


Construction:

- The construction sector in India is the second largest employer and contributor to economic activity, after agriculture sector.

- It accounts for second highest inflow of FDI after the services sector and employs more than 35 Million people.

- The construction sector contributes more than 8% to India’s GDP and it is valued at over $126 Billion

- While half of the demand for construction activity in India comes from the infrastructure sector, the rest comes from industrial activities, residential and commercial development etc.


IT and BPM:

- The IT-BPM sector constitutes 9.5% of the country’s GDP and the revenues of this industry are expected to reach $146 Billion in 2015.

- The IT industry in India has over 15,000 companies; of which 1000+ are large firms. Meanwhile, the rapidly growing urban infrastructure has fostered several IT centres in the country.

- The IT-BPM industry delivers 3.5 Million jobs and it is therefore, the country’s largest private sector employer.

- With over 3100 start-ups in the country, India is ranked as the world’s 9th largest start-up hub.


Oil and Gas:

- The oil and gas industry is counted amongst the six core industries in India.

- In the year 2014, India was the world’s fourth largest consumer of crude oil and petroleum products, after the US, China and Japan.

- India has 215.066 MMTPA of refining capacity, which makes it the second largest refiner in Asia after China. Private joint venture companies own about 44% of total capacity.

- India projects an increase of the country’s refining capacity to 307.366 MMTPA by 2022 based on its current Five Year Plan (2012-17) to meet rising domestic demands and export markets.

Roads and Highways:

- The transport sector constitutes 6% of the country's GDP and 70% of the share of the roads sector.

- At 5.23 Million kms, India has the second largest road network in the world.

- Major initiatives have been launched by the Government to upgrade and strengthen highways and expressways in the country.

- The value of roadways and bridge infrastructure in India is expected to reach $10 Billion at a CAGR of 17.4% between 2012-17.
 

Space:

- In the last forty years, India’s space programme has gained global attention for its accelerated rate of development.

- India’s space programme has launched 51 satellites for 20 countries to date and it stands out as one of the most cost-effective space programmes in the world.

- In order to implement its space projects, the ISRO has forged a strong relationship with a large number of industrial enterprises, both in the public and private sector.

- With the ISRO taking responsibility of developing cutting-edge technologies and undertaking interplanetary exploratory missions, there is tremendous scope in contributions to the realization of operational missions and new areas such as satellite navigation.

Source: www.makeinindia.com