Increase in Indian engineering exports due to increase in demand in the US

Indian engineering exports have been driven by developed countries such as the US, which reflects the increase in demand and leads to an increase in exports. An analysis by EEPC India shows that during September 2017, the annual increase in engineering shipments has reached 91%. For Indian engineering exporters, EEPC India is a top institution.

In September 2017, India remained the top destination of engineering products, which has been shown during the April-September 2017 period, according to an analysis by EEPC India, a significant increase in both monthly and cumulative shipments compared to the same period last year.

Compared to the same month of last year, in September 2017, the export of engineering exports in the US increased by 91% and reached $ 551 million by $ 1.51 billion. During the same period of last financial year, engineering exports of April-September registered an increase of 47% from $ 3.25 billion to $ 4.79 billion.

Bhasin, president of EEPC India TSC, informed that "Since the selection of the requirement is particularly clear in iron and steel, all the iron and non-ferrous metals are clear in the international market, we will be confident of exporting except for any major negative opportunity. Are. "

The decline in the top 25 engineering trade markets of European countries like Germany, Italy, Netherlands, France and Poland also showed a widespread growth. In September 2016, engineering exports in Germany increased from $ 172 million to 67% and reached $ 288 million in September 2017. In Italy, engineering goods exports grew 30% in September 2017 to 209 million, which was $ 161 million in the same month. Last financial year.