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Engineering Industry

Engineering Industry In India

Introduction

Engineering is by far the largest segment in the Indian industry, employing approximately four million skilled and semi-skilled workers. The engineering sector has witnessed tremendous growth, led by significant investment in power projects an infrastructure development

Export Highlights

In FY19, India’s engineering export stood at US$ 81.02 billion and for FY20, it stood at US$ 75.97 billion.
Engineering contributes 25% of India’s total exports in goods and is its largest foreign exchange earner.
The engineering sector has a 30% weight in India’s Index of Industrial Production.
The engineering goods export was US$ 67.32 billion in between April 2020 and February 2021 and for February 2021, it was US$ 7.06 billion.
The top three destination of Indian engineering exports during April–July 2020-21 were USA, China, and Singapore.

EEPC India (Formerly Engineering Export Promotion Council)

EEPC India has more than 13,000 members, including small and medium enterprises (SMEs) and trading houses.

The export of engineering goods grew 6.32% y-o-y to reach US$ 81 billion in FY2019.

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