Heavy Industry

Heavy Industry in India comprises of the heavy engineering industry, machine tool industry, heavy electrical industry, industrial machinery and auto-industry. The key growth drivers for this sector are growth of the key user-industries; Government's thrust on the Power, Construction, Railways, Infrastructure and Auto industries; and India being preferred by global companies as an outsourcing destination as it enjoys lower labor cost and better designing capabilities. The sector has immense growth potential driven by big capacity creation plans in these user sectors like infrastructure, Oil and Gas, Power, Mining, Automobiles, Auto Components, Steel, Refinery and Consumer Durables etc.

Thus the prospects of the heavy industry sector are very promising in India. For instance, as its vision for 2020, DHI plans that Indian machine tools industry should secure a domestic market share of 50% in five years from now and 67% by 2020; the present level market share in 2011 being 30% only. This presents immense opportunities for growth of the domestic sector to both public and private players, including foreign companies. Additionally, DHI aims that India becomes one among the top 10 machine tool producing nations of the world by 2020. India's present machine tool production ranking is 19 in the world. Inwove with its dedicated team of consultants and researchers is well positioned to service clients in this sector. Inwove has in its staff people from this very industry whose knowledge and understanding of all various functions and operations of manufacturing and engineering sectors. We have yearned to design our processes, techniques and staff timely to better suit the needs of the industry and face new challenges.

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In order to gain a competitive edge in the aggressive marketplace, workforce learning and development has become an area of prime importance. A trained staff will be at par with current market strategies, forces and technologies, and in turn show better results and performance. This is also an important factor in employee motivation and retention.