India’s transformational journey from being a USD 70 billion engineering‑ex porting nation in FY 2014‑15 to USD 122.43 billion in FY2025‑26 is a powerful validation of our country’s development and progress during the last 12 years.
The fundamentals of the domestic economy remain robust, with a strong external account, calibrated fiscal consolidation and stable private consumption. India has been one of the dynamic economies that gained greater presence in the space gradually vacated by developed countries. India’s engineering sector is one of the fastest‑growing and most diverse industrial sectors in the country.
I know that global trade momentum has faced headwinds from tightening financial conditions, slowing demand in advanced economies, and currency volatility. However, export volumes have remained resilient, buoyed by targeted government interventions, notably the RELIEF Scheme, aimed at offsetting high logistics and insurance costs, and interest subvention support for key sectors, which have provided critical assistance to exporters.
The engineering export basket has become increasingly diversified over the years, with Indian products establishing a strong presence across major global markets, including North America, the European Union and other advanced economies, reflecting the quality, reliability and glob al competitiveness of Indian engineering goods.
Exports remain an important driver of eco nomic growth, employment generation and integration into global value chain sand the Government has adopted a proactive and consultative approach towards export promotion, maintaining continuous engagement with industry stakeholders to understand emerging challenges and respond through timely policy interventions.
Government’s close engagement with ex porters and industry associations proved particularly valuable during recent disruptions to trade routes and logistics networks arising from geopolitical developments in the West Asia region, enabling timely identification of challenges and facilitating appropriate support measures to ensure continuity of exports. This collaborative approach has enabled the Government to address sector‑specific concerns and support exporters during periods of global disruptions while facilitating new opportunities for growth.
The Government’s sustained focus on improving market access for Indian exporters through FTAs with key partners, including the UK, EU, UAE, Australia, EFTA countries, to name a few, aimed at reducing trade barriers, enhancing the competitiveness of Indian products and expanding India’s participation in global value chains.
Complementing these efforts, initiatives such as the Market Access Initiative (MAI) Scheme, Brand India Engineering Campaign, Production Linked Incentive (PLI) Scheme, National Single Window System (NSWS), Quality Control Orders (QCOs) and the One District One Product (ODOP) Scheme have strengthened the export ecosystem and enhanced India’s position in global value chains. Together, these measures propelled Indian engineering exports to three consecutive years of record highs‑ USD 109.3 billion in FY24, USD 116.67 billion in FY25, and USD 122.43 billion in FY26.
I would also take this opportunity to high light that EEPC India is promoting its Flag ship event IRSW 6.0 and also ‘Africa Rail’ – the largest rail event of Africa. Engineering Exporters have a great scope of looking at Africa as a rising market specially in the Railways sector, as Indian Railways itself has stood as one of the largest transport network of the world with constant modernisation taking place over the last de cade. As a result a huge requirement for engineering items has opened up and the market is robust.
I welcome all EEPC members to actively participate in the above events
