India's engineering goods exports reach $10.04 billion
Kolkata: India's engineering goods exports grew 10.20 percent year-on-year to $10.04 billion in December 2023 despite several challenges stemming from geo-political tensions and tight financial conditions in major advanced economies, according to EEPC India
New Delhi: EEPC India Chairman Mahesh Desai has said that the launch of the Capacity Building of First-Time MSME Exporters (CBFTE) scheme would give further thrust to the export sector and help India become a sourcing hub for global players across the value chain.
Huge untapped market for Indian pharma equipment makers in Bangladesh: EEPC India Chairman
Dhaka: India met 8.2 percent of Bangladesh’s import of pharma machinery as of 2020 and there lies a huge untapped market for India which is yet to be explored, according to EEPC India Chairman Mahesh Desai.
Rise in exports of engineering goods would generate more jobs: EEPC India
New Delhi/IBNS: Continuing the uptrend, engineering goods exports have posted 42.14% growth in July, 2021 over the same period a year ago. The high growth in engineering goods augurs well for the economy as the sector is labour-intensive and one of the key foreign exchange (Forex) earners, said EEPC India Chairman Mahesh Desai.
Led by industrial machinery, products of iron and steel and non-ferrous metal items, 30 out of total 33 engineering goods categories recorded impressive growth in exports during May, 2021 with demand from traditional markets remaining robust, said Engineering Export Promotion Council (EEPC) of India.
Kolkata/IBNS: The World Trade Organisation is an important institution for global trade and economy, but India's salvation lies in strengthening its domestic economy by attracting new investments by schemes like production-linked incentives, Commerce Secretary Dr Anup Wadhawan said at an EEPC-EXIM book release function Wednesday.
India now net exporter of agri machinery
New Delhi/IBNS: India has emerged as a net exporter of agri-machinery, shipping equipment to some of the advanced countries like the US, Germany, UK and Italy, and a world leader in exporting solar irrigation pumps.
India records export fall in June but posts trade surplus in a decade as coronavirus hits import
New Delhi/IBNS: India has exhibited a negative growth in overall exports (merchandise and services combined) in April-June 2020-21 at USD 101.02 billion, which is down by (-)25.92 per cent over the same period last year, as per data released by Ministry of Commerce and Industry on Wednesday.
Mumbai/IBNS: Only Singapore and China, out of top 25 destinations of India's engineering exports, could manage a positive year-on-year growth in April, 2020 while the rest conceded massive contraction up to 91 per cent in some cases, due to a hugely disruptive impact of Covid-19, an EEPC India analysis has shown.
Junior commerce minister Hardeep Singh Puri asks engineering exporters to double down on shipments
Kolkata/IBNS: India's junior Minister of Commerce and Industry Hardeep Singh Puri has asked engineering exporters to more than double their shipments in the next five years to US$150 - 200 billion.
Shakti Pumps bags export award for Special Contribution from EEPC
Ahmedabad, Nov 20 (IBNS) : Shakti Pumps (I) Ltd, Indian's leading manufacturer of 100% stainless steel pumpsets, has been awarded for "Special Contribution" by EEPC for the year 2012 -13.