Indian engineering exports are expected to reach the 3-digit level soon. It is achieved an all-time high of $76.2 billion in the last fiscal and an 11.3 percent hike over the first 7 months during the current fiscal. The official announcement released on 28 July.
Indian engineering exporters’ aspirations for reaching a three-digit level in their annual shipments could soon be a reality. The chairman Ravi Sehgal Engineering Export Promotion Council of India’s (EEPC India) said the statement on the 34th Eastern Regional Awards of the apex body.
West Bengal Governor Keshari Nath Tripathi and Patti Hoffman, US Consul General at Kolkata were present at the event on Wednesday.
According to the report GSP programme allows duty-free entry of 1,937 products worth $5.6 billion from India into the US, benefitting exporters of textiles, engineering, gems and jewelry and chemical products.