EEPC India, which is the largest Trade and Investment Promotion organization under the Department of Commerce, Union Ministry of Commerce & Industry, has been entrusted with the responsibility to promote exports of engineering goods from the country. The Council has been undertaking various promotional and policy related activities since its inception in 1955, when India’s exports of engineering goods was a mere USD 10 million
Exploring the Untapped Potential of India’s Engineering Exports
India is on the brink of major opportunities and challenges in international trade. The government has set an ambitious goal of reaching $1 trillion in exports by 2030, with the engineering sector aiming for $300 billion. To achieve this, we need to boost our engineering exports quickly.
EEPC India has prepared a strategy paper titled "Unlocking India's Engineering Export Potential". It covers what affects our engineering exports today and offers strategic recommendations to help the industry in meeting the ambitious target.
The Hon'ble Minister of Commerce and Industry, Shri Piyush Goyal, officially released the paper on August 29, 2023, in New Delhi.
Strategy Paper for the Growth of Indian Engineering Exports (2014-19)
KPMG was commissioned to carry out a study to strategise the exports path for the next five years beginning 2014-15. This is the third in our series of five yearly Strategy Papers and is co-terminus with the New Government and its new Foreign Trade Policy to be announced.
The Strategy Paper estimates that India’s engineering exports by the end of 2018-19 will be in the range of USD 86 and 125 billion. KPMG feels that this growth rate is modest and achievable and given the data for the last 10 years, seems rather realistic.
The strategy paper was formally released by the Hon'ble Commerce Secretary of India, Shri Rajeev Kher on 26th November 2014 at New Delhi.
Strategy Paper for Growth of Engineering Exports (2010 - 2014)
To chart out a strategic vision and growth path for India’s engineering exports for the period 2010-2014, EEPC India, therefore, requested Ernst & Young for developing a strategy paper for growth of engineering exports from India.
The Strategy Paper was formally released by the Hon’ble Union Minister of Commerce & Industries, Shri Anand Sharma on 27th April 2010 at New Delhi.
Strategy Paper to increase exports of Auto and Auto Components through SEZs (2010 - 2014)
Ernst & Young was commissioned to develop a strategy paper to chart out a growth path for automotive exports from India for the period 2010-2014 and to identify initiatives that have to be undertaken by the government, EEPC INDIA and the automotive exporters to achieve the desired growth.
The Strategy Paper was formally released by the Hon’ble Commerce Secretary of India, Dr. Rahul Khullar on 28th April 2010 at New Delhi.
Strategy Paper for Growth of Engineering Exports (2005-06 to 2009-10)
Considering India’s growing competitiveness in the manufacturing sector and healthy growth in exports of Indian engineering products, EEPC appointed M/s A. F. Ferguson & Co., a leading management consultancy firm, for developing a strategy paper for growth of engineering exports from India
The Strategy Paper was formally released by the Hon’ble Union Minister of Commerce & Industries, Shri Kamal Nath on 10th August 2005.
The Strategy Paper recommends a focused approach in terms of identified thrust products and thrust markets based on India’s competitiveness, market features, trade block & associated features, strategic advantages, supply capacity, etc.