The growth of electrical engineering sector in any country is tied with the economic prosperity on the whole. Vibrant and growing economies have an automatically enhanced requirement of electric power both for the industry as well as the population at large. With the GOI setting forth MiI policy in each sector for consolidating the manufacturing capabilities a fresh, the electric power demand in the country is set to escalate.
The electrical machinery industry contributes massively to the capital goods sector of India. Capital goods industry covers heavy machinery such as cranes, hoists, boiler, generator etc., which are used for commercial operations in their field of operation.
The domestic Electrical industry supported the nation’s GDP by 1.4% in 2011-12 taking an even better share of 10.0% in the manufacturing GDP. On the whole, the industry provides direct and indirect employment to about 0.5 million and about 1 million respectively to the nation’s work force.
The success of MiI to a large extent will depend up-on the availability of sufficient and adequately trained man power. A number of policy documents of the GOI have drawn attention of the policy makers towards inefficacies of present technical education system to impart requisite training and skill development. It is often rued that about 60 to 70 % of the youths coming out of the technical institutes are un-employable.