Top 10 Leaders in Engineering Services ­- 2021

Accounting about 27 percent of the total number of factories, the engineering sector is the largest industrial sector in India representing 63 percent of the entire foreign collaborations. The sector has witnessed some remarkable growth in the last few years which has been driven by the wide increase in infrastructure and industrial production.  For India's economic growth, strategic development of the manufacturing and infrastructure plays an important role driven by the engineering sector. In the journey of becoming a global superpower, India's stride for the engineering sector development has included the appointment of Engineering Export Promotion Council (EEPC) by the government which is the apex body promoting engineering goods, products and services from India. The exports from India include transport equipment, capital goods, machinery, and light engineering products like castings, forgings, and fasteners. The contribution by the Indian semiconductor industry affirms positive growth potential fields. The turnover capital goods industry was evaluated at US $92.00 billion in 2019 and poised to reach US $115.17 billion by 2025. The Foreign Direct Investments (FDI) for a variety of mechanical and engineering sector was at US $ 3,669.51 million in April 2000 to December 2020 according to Department for Promotion of Industry and Internal Trade (DPIIT).

For the mentioned growth achieved by the engineering sector rests success to the leadership exhibited. As leaders are vital for a team's development, in engineering, leaders foster successful mindset in a sound environment for the engineering teams. The leaders ensure proper tools and resources are available to the teams for engineering creation or innovation and the teams don't face any distractions or interruptions in their work. Leadership role also includes progress monitoring, feedbacks to teams, success measuring, and finding gaps for improvement.

In this issue of the CEO Insights magazine, a list of `Top 10 Leaders in Engineering Services ­ 2021' prepared by a team of market researchers, CEOs and VCs and the CEO Insights magazine editorial team to provide information about the development of the sector guided by the leaders and their inspiring and encouraging stories.