Engineering is by far the largest segment in Indian industry. It employs approximately 4 million skilled and semi-skilled workers. The engineering sector has witnessed tremendous growth, powered by significant investments in power projects and infrastructure development.
Exports Going Strong
- Indian engineering exports rose from US$ 33.7 billion in 2009-10 to US$ 60.1 billion in 2010-11, posting a growth of more than 75 per cent.
- About 40 per cent of exports are headed to Europe and America.
- The US imported Indian engineering goods worth US$ 4.5 billion in April-November (2011-12), posting a growth of more than 38 per cent.
- Singapore imported engineering goods worth US$ 3.7 billion from India in April-November (2011-12), representing a significant growth of 183 per cent.
- Indian engineering exports to the UK, Germany, Sri Lanka, the UAE, Italy, the Netherlands, Brunei, Turkey, France, China, South Korea and Nigeria have also seen significant rise during the period April-November (2011-12).
- A key driver for increased engineering exports has been the shifting of global manufacturing bases to countries such as India that offer lower costs and good engineering aptitude.
- The nature of Indian engineering exports is changing with time—India is fast moving from exporting low-value goods to developing countries to exporting high-value goods to developed countries.
- New opportunities, such as outsourcing of engineering goods and services, new product design, product improvement, and maintenance and designing of manufacturing systems, are providing fresh growth avenues.
- With development in associated sectors such as automotive, industrial goods and infrastructure, coupled with a well-developed technical human resources pool, engineering exports are expected to touch US$ 125 billion by 2013-14.
EEPC India (Formerly Engineering Export Promotion Council)
EEPC India has more than 12,000 members, including small and medium enterprises (SME), trading houses, etc.
1st Floor, International Trade Facilitation Centre
1/1, Wood Street
Kolkata - 700 016
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