state of commerce & industry, CR Chaudhary asked the exporting community to
further build on the exports of over US$76 billion in 2017-18, assuring them of
EEPC India National Awards to 110 engineering exporters in New Delhi recently,
Chaudhary said that it is significant that these entrepreneurs made this
possible in 2016-17 when the market was tough. However, things improved in the
following 2017-18 and the prospects seem equally encouraging this year.
address, commerce secretary Rita Teaotia said the government is working on
creating an integrated logistics division within the commerce ministry to bring
down the total cost of movement of shipments.
the engineering exporters to work on a strategic plan to completely wipe out
the trade deficit of US$ 16 billion of the engineering sector in the next few
years, with a focus on newer markets.
said while the engineering sector with record shipments of US$ 76 billion is
among the best performing in the basket of merchandise exports, accounting for
one-fourth of the country's total exports, but exporters must strive to become
dominant players in 5-6 sub sectors.
engineering exports, though rising at a fairly steady rate, account for just 1.2
per cent of the total global engineering exports, against 12.3 per cent of
occasion the EEPC India chairman, Ravi Sehgal spoke about the issues faced by
exporters like GST refunds, OFAC sanctions, rising raw material prices and the
potential threat of the export refund schemes becoming WTO non-compliant. The
EEPC India has submitted several suggestions to the government for dealing with