EEPC India Looks To Go To Tier-II And III Cities To Boost Engineering Exports

- Advertisement -
- Advertisement -

Currently, engineering accounts for over 25 per cent of the country’s export basket

The Engineering Exports Promotion Council India (EEPC India) is looking to go to tier-II and III cities and encourage the firms to join the global value chain and production networks as it prepares to increase the share of engineering goods in the total exports of US$ 450-500 billion next year, as per a senior official.

“Our strategy is to create more engineering exporters by moving into smaller towns all over the country through the opening of EEPC India Chapters,” said Mahesh Desai, chairman, EEPC.

- Advertisement -

Currently, engineering accounts for over 25 per cent of the country’s export basket.

Desai added that EEPC India has been carrying out several capacity building programmes and adding more and more engineering firms to onboard the exports bandwagon.

“Our objective is to move up the ladder and be a part of the global value chain and production networks, particularly, in light of the renewed thrust by the Government to sign free trade agreements (FTAs). It is understood that India is in touch with few more countries other than Australia, UK, EU and UAE to have FTAs. The developments are quite heartening,” said Desai.

Noting that EEPC India has opened two technology centres in Bengaluru and Kolkata and holding regular programs on various technology developments and modules catering to different industries, the EEPC India chairman said that required interventions on part of the government to boost exports are being taken up with relevant authorities.

“We are collecting the problems faced by our exporters and other engineering companies and taking up with the appropriate authorities, including Commerce Ministry, DGFT, CBIC, BIS, Ministry of Steel and Ministry of MSME among others,” he said.

Engineering exports during the period of April-September 2021 is about US$ 52.34 billion which is a growth of 60 per cent over April-September 2020 (US$ 32.72 billion) and 37 per cent growth over April-Sept 2019 (US$ 38.26 billion).

“Annualizing this means that engineering goods exports will be around US$ 105 billion in 2021-22 and close to the target set for engineering,” Desai said.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

India, China Grow Amid First Global Cellular IoT Module Shipments Annual Decline

0
Several companies started local manufacturing in India. 4G Cat 1 bis emerged as the fastest-growing segment. Around 12% of the modules shipped in...

“More Chargers Provide Security And Confidence To Customers, Encouraging EV Adoption”

0
With an agenda to transform the EV industry, EarthtronEV has established 250+ charging stations on major highways across India. The company aims to interconnect...

5G RedCap To Transform IoT Module Shipments

0
Over 60% of IoT module shipments will originate from the Asian & Oceania region. Automotive sector is expected to be a significant driver. The...

Buzz

Montra Electric Boosts Amritsar’s Green Mobility with RAAHI Project

0
The initiative is a component of the City Investments to Innovate, Integrate, and Sustain (CITIIS) program, which falls under the auspices of the Ministry...

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...
Keysight Technologies Pvt Ltd Logo

Keysight Acquires Spirent Communications For $1.46 billion, Outbids Rival Viavi Solutions

0
Keysight's offers 85.9% premium over Spirent's closing price on March 4, exceeding Viavi's 61.4% premium. Keysight expects new serviceable available market opportunities of...

Important Sectors

India, China Grow Amid First Global Cellular IoT Module Shipments Annual Decline

0
Several companies started local manufacturing in India. 4G Cat 1 bis emerged as the fastest-growing segment. Around 12% of the modules shipped in...

Montra Electric Boosts Amritsar’s Green Mobility with RAAHI Project

0
The initiative is a component of the City Investments to Innovate, Integrate, and Sustain (CITIIS) program, which falls under the auspices of the Ministry...

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...
Keysight Technologies Pvt Ltd Logo

Keysight Acquires Spirent Communications For $1.46 billion, Outbids Rival Viavi Solutions

0
Keysight's offers 85.9% premium over Spirent's closing price on March 4, exceeding Viavi's 61.4% premium. Keysight expects new serviceable available market opportunities of...

Hyundai Motor Boosts EV Investment In Korea

0
The automaker stated that over half of the investment, amounting to 35.5 trillion won will be dedicated to new R&D infrastructure and EV assembly...

Manufacturing

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...

JLR To Hire 250 Electrical Technicians For Future EVs

0
These new roles, part of a £15 billion investment, are in addition to 300 positions created last year by the British car maker. Jaguar Land...

Altmin India Partners With WMG To Advance Battery Tech

0
Altmin and WMG will collaborate to strengthen their global battery materials supply chain position by optimizing cathode materials and developing diverse cell designs across...

EVs To Cost Less Than Gas Vehicles by 2027, Says Gartner

0
Gartner predicts a faster decline in production costs compared to battery costs, which represent the most significant expense in an electric vehicle, accounting for...
MG

MG Motor To Set Up Battery Assembly Unit At Halol Facility

0
The company plans to investigate battery cell production in collaboration with external partners. Automaker MG Motor India is actively exploring the possibility of assembling and...