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Aggregating Demand for Capital Goods in India

The Capital Goods industry is called the “mother” of all manufacturing industry and is of strategic importance to the overall economic development as it facilitates faster growth for a broad base of user industries, by providing a strong foundational and operational base to a large number of sectors, such as engineering, infrastructure and consumer goods. The Capital Goods industry has a dynamic contribution in driving India’s economic growth, creating job opportunities, and boosting exports. Therefore, the development of domestic capabilities and demand creation in capital goods sector is essential for Aatmanirbhar Bharat.

The domestic demand has grown at a robust pace in several sectors, however the capital goods manufacturers have not been able to catch-up with this surge, leading to an increasing dependence on imports, across sub segments. Keeping in view the high importance of the sector to boost growth in manufacturing industry, CII conducted a demand aggregator study, with the objective to identify and aggregate the demand requirements of domestic as well as global industry for the next 5 years and assess domestic capability and capacity vis-a-vis demand.

The study report “Aggregating Demand for Capital Goods in India: Challenges and Opportunities” was released at the “5th Edition of Capital Goods Summit 2020 - Atmanirbhar Bharat in Capital Goods” on 17th December 2020.

Key Takeaways: Capital Goods Target Group: Capital Goods, Manufacturing

  • Aggregating Demand for Capital Goods in India
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