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Home arrow Business News arrow India's Heavy Industry Sector records 13.6% CAGR in last 6 years
India's Heavy Industry Sector records 13.6% CAGR in last 6 years Print E-mail
Written by Vivek   
Wednesday, 30 November 2011
New Delhi: India's Heavy Industry Sector has witnessed a compound annual growth of 13.6% in the last 6 years. Minister of Heavy Industries and Public Enterprises, Praful Patel said that the total output of heavy industrial equipments in India was Rs.1,48,639 crore during 2010-11.

Responding to a question on sourcing equipment from China, he said that the primary reason some Indian project developers are sourcing Heavy Industrial Equipment from China, is due to the lower price offered by the Chinese manufacturers. He said that this is adversely affecting the domestic heavy industry.

The heavy industrial equipments produced in China were worth Rs. 63,90,888 crore during 2009.

During 2010-11, the quantum of import of the heavy industrial equipments form China was:

Heavy Electrical Equipment (excluding project import) - Rs. 7,970.81 Crore
Machine Tools - Rs. 607.94 Crore
Metallurgical Machinery - Rs. 609.23 Crore
Textile Machinery - Rs. 1969.48 Crore
Pumps and Compressors - Rs. 2353.24 Crore
Mining & Construction Machinery - Rs. 1572.44 Crore

Last Updated ( Wednesday, 30 November 2011 )
 
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