Germany is known globally for its engineering technology. The German manufacturers are internationally well positioned with their broad range of sectors.
Germany is known globally for its engineering technology. The German manufacturers are internationally well positioned with their broad range of sectors: In 23 out of 31 comparable sectors, they are among the global top three; in 14 of which, they are in first place.
India ranks 15th globally, in the list of top 50 destinations for the German Mechanical Engineering exports. In 2018, the total import of machinery from Germany reached a volume of Euro 3.40 billion. This was an increase by 9.3 per cent compared with the same period of time in the previous year. On the other hand, in 2017, India imported machinery of the value Euro 18.37 bn globally. Germany is the 2nd most important supplier to India globally, share of around 16.7 per cent, behind China (34.2 per cent) and ahead of Japan (10.3 per cent) and Italy (7.4 per cent).
Among the machinery sectors, major demand of German equipment was for power transmission (10.8 per cent), textile machinery (without dryers) (7.05 per cent), machine tools (6.76 per cent), valves and fittings (5.38 per cent) and construction equipment and building material machinery (5.29 per cent). There are other sectors like air handling technology, fluid power equipment, plastic and rubber Machinery and food processing and packaging, which are growing steadily in India.
Out of the total export of German Mechanical Engineering to Asia of Euro 41.9 billion, India is the second largest sales market in Asia for the German engineering industry, with a share of 8 per cent, after China (45.5 per cent).