Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2011-03-31

Engineering grew by 80 per cent

Indian engineering exports grew by over 80 percent in the April-February period of the current fiscal which is expected to end with USD 57 billion

A strong demand from the US and the developing markets of Latin American countries has increased engineering demand.Exports for the 11 month period of 2010-11 stood at USD 52.7 billion as against USD 29.14 billion in the last fiscal, according to the Engineering Export Promotion Council (EEPC) data.

In February 2011, the engineering exports grew by 75 percent to USD 7 billion compared to USD 4 billion in the same period last fiscal.

"We have been getting a good number of orders from the US, Latin American and Middle East markets. We expect exports to touch USD 57 billion by the end of the current fiscal," EEPC Executive Director R Maitra said.

These exports would have been still, higher if there were no financial problems in Europe. Of the USD 32.5 billion engineering exports in 2009-10, the US accounted for over 30 percent of the shipments. In its strategy to double India's exports to USD 450 billion by 2014, engineering exports are set to play a major role.

"The European market is still sluggish," Maitra said.

Related opportunities
  • Fine Dine Restaurants
    About Us: Virasat, as the name inspires a legacy works towards..
    Locations looking for expansion Rajasthan
    Establishment year 2006
    Franchising Launch Date 2006
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 4000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Pizzeria
    Bon Pizza is an opportunity to start your own business by..
    Locations looking for expansion Gujarat
    Establishment year 2013
    Franchising Launch Date 2014
    Investment size Rs. 5lac - 10lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ahmedabad Gujarat
  • Kitchen
    About Us: Wonderchef is a leading brand of Kitchenware founded in..
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Noida Delhi
  • Women's Clothing
    About Us: Vajor came into being in 2014 with a very..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts