Growth in Production Capacity of Manufacturing Industries

India is the fastest growing country by GDP. Manufacturing has emerged as one of the high growth sectors in India. As the government of India is emphasizing more on make in India, many manufacturing industries are encouraged to establish in India. India has become one of the most attractive destinations for investments in the manufacturing sector. Many international players have already opened their manufacturing units in India. As India is growing rapidly in manufacturing sector, it has become an attractive hub for foreign investments. Various companies including those engaged in manufacturing of machinery and equipment, electrical and metal products, defense, cement, building and construction material, rubber and plastic products, and automation technology products are expanding.

Various established companies are planing to expand their business by setting up more number of manufacturing industries in India. In automobile industries, Marquardt, the German company that makes premium automotive switches, is planning to set up a manufacturing facility in India. Similarly, Volkswagen is planning to expand production capacity. Apart from Volkswagen, two wheeler maker Honda Motorcycle & Scooter India has announced plans to invest huge amount to set up a new plant in Gujarat. Recently, Honda Cars has received the environment clearance for a ?1,577-crore expansion project at its Tapukara plant in Rajasthan. One of the biggest example of manufacturing growth is the French multinational company Alstom, which is a leading supplier of train control systems for metros in India is grearing up to expand its production in India. The above list are only a few of the examples, there are many more well established companies which are planning to increase their production by expanding manufacturing ability.

Not only automotive industries but also digital industries are expanding their manufacturing capacity. In this fast paced digital world smart phone have got a new meaning. They are not only preferred as means of communication, but are also the sources of information and entertainment. Due to increase in the demand, the supply of smart phones has increased. In order to fulfill the demand, big investments are planned to set up or expand manufacturing industries in India. Such as, South Korean multinational Samsung company is planning to invest huge amount to expand its Noida plant. Not only Korean companies but also Chinese handset vendor, Xiaomi has partnered with Foxconn to set up second manufacturing unit in India. One among the leading American multinational technology company, Apple plans to expand manufacturing in India. Not only international companies but also Indian manufacturing companies are expanding at a rapid pace. Apart from automobile and mobile industries even pharmaceutical and chemical industries are expanding. Many big drug manufacturing companies like Cipla, Aurobindo, IDPL, Mankind pharma etc are planning to expand their production and industries.

India being the third largest energy consumer in the world after US and China, the domestic oil demand is increasing. To meet the growing demand, oil refinery companies are expanding their plants. The major progress in refinery industry is the three Indian public sector oil companies, Indian Oil, Bharat Petroleum and Hindustan Petroleum, joined hands to build one of the world’s largest integrated refinery-cum-petrochemicals complex in Maharashtra. Not only oil but also petrochemical products cover the entire spectrum of daily use items ranging from housing, agriculture, horticulture, irrigation, construction, furniture, automobiles, clothing, toys, and packaging of medical appliances etc. The increase in the demand of various petrochemical products are leading to expansion of production capacity of the petrochemical industry.

Manufacturing in different sectors has to expand for better economic growth and to meet the growing demands. As the number of industries are increasing, the need for capital goods or machinery increase. For an efficient industrial establishment, various factors are to be considered such as land, capital goods, labour, safety and security etc.. capital goods is one of the important key components in manufacturing industries and is of strategic importance for Indian economy. As various industries are expanding, the demand for capital goods in the country has been witnessing a consistent increase. One of the capital goods essential for every sector of the manufacturing industries is the industrial centrifugal fan. Wide variety of industrial fans and blowers are used by manufacturing plants for the various industrial processes.