KThe engineering industry is the largest segment of the overall industrial sectors in India, accounting for 3% of India’s GDP, offering employment to over 4 mn skilled and semi-skilled workers (direct and indirect). It is diverse with a number of segments and can be broadly categorised into two segments: heavy engineering and light engineering. Engineering is relatively less fragmented at the top as the competencies required are high and more fragmented at the lower end, in terms of technology and capital investment and are dominated by comparatively smaller players