The general information and related forms relating to application for seeking concessional rate of customs duty under ’Project Import’ Scheme can be found at the following link.
India’s Capital Goods manufacturing industry serves as a strong base for its engagement across sectors such as Engineering, Construction, Infrastructure and Consumer goods, amongst others. The capital goods industry in FY 2018 -19 had an overall production figure amounting to $13.6 bn.
Capital Goods industry in India provides approximately 1.4 mn direct and 7 mn indirect jobs.
Market-oriented reforms such as "Power for All" along with plans to add 93 GW by 2022 will generate huge demand for power transmission and distribution (T&D) equipment.
100% FDI is allowed under the automatic route
For further details, please refer FDI Policy
Share in manufacturing
T&D equipment demand
Electrical machinery exports
Direct and indirect employment expected to reach 5 mn and 25 mn, respectively by 2025
Indian generation and T&D equipment market to reach $ 100 bn by 2022
Indian Electrical equipment is the largest sub-sector followed by Plant equipment & Earth moving/ mining machinery
The industry is divided into 10 sub-sectors where Electrical equipment is the largest sub-sector followed by Plant equipment, and Earthmoving/ Mining machinery. The market size of each of the sub-sectors are as follows:
Opportunity for Transmission & Distribution (T&D) sector
Target industry size of $ 100 bn by 2022
The Capital Goods imports to India is approximately 3X the exports
Infrastructure, Power, Mining, Oil & Gas, Steel & Automotive
Significant business opportunity