New Delhi, June 26 (IANS) India’s engineering goods exports crossed the $12-billion mark for the first time in May, rising 24.48 per cent year-on-year to hit a record despite geopolitical tensions in West Asia and disruptions to global trade, EEPC India said on Friday.According to the latest estimates by the government, engineering shipments stood at $12.31 billion in May 2026, compared with $9.89 billion in the corresponding month last year.The sector accounted for 27.2 per cent of India’s tota…
Latest Pankaj Chadha News & Updates
New Delhi, June 3 (IANS) The engineering exports promotion body, EEPC India, on Wednesday proposed to the government a separate rating system for micro, small and medium enterprises to reflect their size and operational nature.The separate rating procedure would give due recognition to Indian MSMEs, enable them to access funds at reasonable rates, and improve their competitiveness in the global market.EEPC India noted that many MSMEs struggle to secure investment‑grade or higher ratings from e…
New Delhi, May 28 (IANS) India’s engineering goods exports maintained their growth momentum at the start of FY2026-27, rising despite logistical and production disruptions caused by the ongoing conflict in West Asia, as per industry data released on Thursday.As per EEPC India, engineering exports increased 8.78 per cent year-on-year to $10.35 billion in April 2026, compared with $9.52 billion in the same month last year.The growth was primarily driven by strong performance across key product s…
New Delhi, April 30 (IANS) Union Minister of Road Transport and Highways, Nitin Gadkari has said that India’s logistics cost will drop to 9 per cent at the current robust pace of road infrastructure development.The Union Minister said that research by IIT Bangalore, IIT Kanpur and IIT Chennai completed six months ago showed road‑infrastructure improvements had already reduced logistics costs by 6 per cent to about 10 per cent, a statement said.”Earlier, logistics costs in India were as high as…
New Delhi, April 15 (IANS) India’s engineering goods exports reached an all-time high of $122.43 billion in FY 2025–26, surpassing the previous record of $116.75 billion in FY2024–25 and posting a growth of about 5 per cent, industry body EEPC India said on Wednesday.The body called the achievement a testament to the sector’s resilience amid an exceptionally challenging external environment.The record was achieved against a backdrop of geopolitical tensions, supply chain disruptions stemming…
New Delhi, March 25 (IANS) Despite geopolitical conflicts and global economic slowdown, India’s engineering goods exports recorded double-digit growth in February 2026 crossing $10 billion, a report said on Wednesday.India’s engineering exports achieved 12.9 per cent year-on-year (YoY) growth as it touched $10.36 billion. Among 25 key markets for Indian engineering goods exports, shipments to 17 countries grew during the month, EPC India said in the report.Engineering shipments to the US and U…
New Delhi, March 2 (IANS) IT industry’s apex body Nasscom on Monday said it has advised member companies to defer travel to affected areas amid the evolving situation in the Middle East.Member companies have also been advised to enable work-from-home arrangements for employees currently in the region, said Nasscom in a statement.“We are in constant touch with the Nasscom Middle East Council and advise all employees in the region to remain in regular contact with their respective local embass…
New Delhi, Feb 26 (IANS) Engineering goods exports from India grew by 4.52 per cent year-on-year to $101.13 billion during the April-January period of 2025-26, crossing the $100 billion mark for the first time in the current fiscal, EEPC India said on Thursday.Driven primarily by copper, iron and steel, and motor vehicles, engineering goods exports recorded a 10.4 per cent (on-year) rise in January to $10.40 billion even as shipments to the US recorded a decline during this period.Engineering go…
New Delhi, Feb 1 (IANS) Industry on Sunday hailed the Union Budget 2026–27 for adopting a steady and largely inclusive approach, reinforcing India’s manufacturing and technology ecosystem through policy continuity, scale, and targeted reforms.The sustained focus on electronics manufacturing, the launch of India Semiconductor Mission (ISM) 2.0, and the significant expansion of the Electronics Component Manufacturing Scheme (ECMS) reaffirm the government’s long-term commitment to building re…
New Delhi, Jan 30 (IANS) India’s engineering exports grew by 3.88 per cent to $90.73 billion during the April-December period in 2025, from $87.34 billion of the previous year, a report said on Friday.India’s engineering exports to the United States grew 1 per cent year-on-year to $1.66 billion in December 2025, despite punitive tariffs imposed by the US administration, the report from Engineering Export Promotion Council of India (EEPC India) said.India’s overall engineering goods exports…