The shipping industry and industrial projects sectors in India are on a remarkable growth path due to strategic investments, infrastructure development, and favorable government policies. The shipping industry is one of the most dynamic industries at the moment due to policies that seek to transform the ports to increase connectivity. India has a long coastline and a rapidly growing trading system that make it a rising power in shipping. The government’s efforts in improving the maritime infrastructure facilities coupled with the increasing energy and raw material demand is resulting in a significant growth in this sector. Major ports have shown good cargo traffic and millions of metric ton were reported in the last fiscal year. The growth of the coastal shipping and inland water transport is also continuing to bring down the logistics costs and enhancing the sector performance.
At the same time, the industrial projects segment is steadily growing, primarily due to the government’s ‘Make in India’ campaign and the introduction of the PLI scheme. Such policies have led to emergence of big projects in manufacturing, infrastructure, and energy industries. The establishment of industrial roads, highways and industrial belts is giving the right ambiance for industrial growth. The renewable energy sector is noteworthy for the investments since India aims at achieving its clean energy targets. The confluence of smart manufacturing and Industry 4.0 technologies is also improving efficiency and innovation further and making India a more suitable place for industrialization. Together these sectors are not only contributing to the economic growth of the nation but are also opening up the future for more investment and promotion.
In the current issue, we introduce you to the top companies in these segments. In this issue, Industry Outlook has identified the select few companies that have done particularly well in these sectors with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.
We welcome your feedbacks and suggestion that you may have concerning this special issue.
