Engineering Export Promotion Council of India — the apex body for Indian engineering exporters — says that the demand for Indian engineering goods in many of the developed economies and especially in the U.S. has increased sharply.
Shipments of engineering exports to the U.S. went up 91 percent to $1.53 billion in September 2017 from $551 million in the same month last fiscal year; the April-September exports increased by over 47 percent to $4.79 billion from $3.25 billion for the same period last year.
European nations falling under the top 25 engineering export destinations such as Germany, Italy, Belgium, Netherlands, France, and Poland also recorded considerable growth. Engineering exports to Germany saw a jump of over 67 per cent to $288 million in September 2017 over $172 million in the same month last fiscal. Likewise, the shipments to Italy rose by 30 percent to $209 million from $161 million for the same period last year, reports The Hindu.
