Global provider of business information Dun & Bradstreet
(D&B) and SME Rating Agency of India Ltd., (SMERA),
India's first dedicated rating agency for the SME sector,
have announced the launch of their publication Emerging
Engineering SMEs of India.
publication which is sixth in a series of publications
dedicated to small and medium enterprises (SMEs) in
India promises to be the world's window into India's
engineering SME segment. The publication has profiled
331 companies with a turnover of less than Rs100 crore.
engineering segment is vast, diverse and spread across
the country. There are an estimated 117 engineering
clusters across the country, located in 19 states. The
publication covers companies from over 65 clusters located
in 18 states. In terms of regional spread, the Western
region dominates with 53.5 per cent of the companies
from this region.
region is entirely represented by two states - Gujarat
(41 per cent of total West) and Maharashtra (59 per
cent of total West). The other regions include 20.8
per cent from the North, 20.2 per cent from South and
5.4 per cent from the East.
highlights of the survey:
Of the companies profiled in the publication, at least
61 per cent of the companies export their products.
28 per cent of these export over 80 per cent of their
to 10 per cent of the profiled companies have joint
ventures with domestic or international partners. The
reason for these collaborations ranges from technical
know-how, manufacturing knowledge to marketing arrangements.
terms of future plans among the companies, 55 per cent
companies indicated plans for capacity expansion, 27
per cent for diversification while 12 per cent showed
interest in venturing into new markets.
to Dr. Manoj Vaish, president and CEO, India, Dun &
Bradstreet, the engineering sector is the largest industrial
segment of the Indian economy, characterised by the
presence of a large number of sub-segments.
engineering sector in India has been growing on the
back of growth in the user industries and several new
projects being undertaken in various core industries
such as railways, power, infrastructure and others.
Capacity creation in sectors such as infrastructure,
oil and gas, power, mining, automobiles, auto components,
steel, refinery, consumer durables and others, is driving
growth of the engineering industry. "We expect
demand in the engineering sector to remain healthy primarily
on account of the government's increased thrust on infrastructure
development," he said.
Rajesh Dubey, CEO, SMERA, "The future outlook for
the engineering sector is promising. Infrastructure
development, industrial growth and a favourable policy
environment will ensure growth of the industry. Exports
of engineering goods from India are expected to accelerate
over the next five years as India emerges
as a key global manufacturing hub. According to Engineering
Exports Promotion Council (EEPC), engineering exports
could touch $30 billion by 2008-09."