India’s engineering sector is witnessing remarkable growth driven by increased investment in infrastructure and industrial production over the last few years. India also became a permanent member of the Washington Accord (WA) in 2014, an elite international agreement on engineering studies and mobility of engineers, becoming part of an exclusive group of 17 countries who are permanent signatories of the WA.
Today India exports, transport equipment, other machinery & equipment, capital goods, engineering goods and light Engineering products such as castings, forgings, and fasteners to various countries of the world including US & Europe. The turnover of capital goods industry in India is expected to grow to US$ 115.17 billion by 2025.
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