Page 2 - Engineering Exports

EEPC to focus on WANA region for enhancing engineering goods exports

Engineering Exports Promotion Council on Wednesday said it would focus on the West Asian and North African countries for enhancing exports to the WANA region. The EEPC, in a statement, said there is ample scope for increasing bilateral trade with the WANA countries, especially for engineering exports. The council is also holding an exhibition 'INDEE' at Jordan, which is India's fourth largest trading partner in the region. In 2022, India's engineering exports to Jordan stood at USD 136.4 million, which was 33 per cent higher than the target of USD 109 million for the period. Jordan is strategically located in the western Asian region, the statement said, quoting EEPC chairman Arun Kumar Garodia. He said India and Jordan share vibrant social, economic and business ties with expanding trade and investment flows between the two countries. According to him, Jordan has a free trade agreement with the US for which most products exported from the former to the latter attract zero custom

Engineering exports to Russia jumps 11 times to $133.6 mn in April: EEPC

Exports of engineering goods to Russia jumped 11 times in April this year to USD 133.6 million as compared to year-ago month while the US and China markets continued to soften, the engineering export promotion council said on Saturday. Engineering exports to the CIS country were USD 11.7 million in April 2022. The value of engineering exports to the US was USD 1.4 billion in April 2023, down 24.9 per cent compared to USD 1.86 billion in the year-ago month. Shipments to China too continued with the declining trend and fell 15.5 per cent to USD 183.3 million in April 2023 as compared to USD 216.9 million in the same month last year. However, exports to Oman more than doubled during the month to USD 153.9 million over the corresponding month of April 2022. Out of 25 top destinations for Indian engineering goods, as many as 15 saw positive year-on-year growth during the month under review while 10 countries witnessed a regrowth. The top 25 countries, including the US, Germany, the UK

Shrinking engineering exports to UAE, China led to overall dip in FY23

The decline was a direct result of depressed global demand, especially in the metals sector

Engineering exports may sustain growth momentum despite challenges: EEPC

EEPC chairman also stated that volatility in commodity prices, supply chain disruptions and a possible change in world political order would certainly have an impact on trade and the economy.

What drove India's exports to record $400 billion?

Export of Indian goods crossed the $400 bn mark for the first time, nine days before the current fiscal drew to a close. Which are sectors that drove this growth? And will it sustain? Let's find out

Agriculture, engineering products set to propel export growth in Q1

Robust demand from key markets, rally in commodity prices help bring buoyancy

Outlook for exports of engineering goods looks strong for rest of CY 2021

India's engineering goods exports continued the uptrend and posted a 52.61 per cent increase in June 2021 over the same period last year

Exports up 52.39% to $7.71 bn during June 1-7 on healthy shipments growth

India's exports grew by 52.39% to USD 7.71 billion during first week of this month on account of healthy growth in shipments in sectors including engineering, gems and jewellery and petroleum products

Industry bodies CII, EEPC worried by hurdles faced by engineering exporters

CII, EEPC are leading industry bodies

Engineering exports down 18% to $26 bn in April-August period of FY21: EEPC

Exports of engineering goods declined over18 per cent to $26 billion in the April- August period of the current fiscal, EEPC India said on Monday

India's engineering exports decline 6% to $6.3 bn in Sep on global woes

In September 2019, shipment of Indian engineering products stood at USD 6.36 billion as against USD 6.77 billion in the same month last fiscal.

Engineering exports may face trouble cracking the $80-billion mark for FY19

This is expected to drag down the overall export growth of the country as the engineering sector remains a major foreign exchange earner

Engineering exports to Israel grow six times in April 2017

Shipments of goods have gone up significantly to $146.42 million in April

Engineering exports expected to power on, but not without hurdles

After-effects of demonetisation may derail production plans of medium and small enterprises

India's engineering exports to Lanka, China, UAE nosedive: EEPC

Sri Lanka shipments tumble over 90% to $63 mn in April 2016 from $648 mn a year ago, on huge fall in export of aircraft and spacecraft parts