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Engineering goods exports to Russia more than doubled to $123.65 million in July 2023: EEPC Engineering Export Promotion Council (EEPC) in its latest data has showed that engineering goods exports to Russia continued its uptrend and more than doubled to $123.65 million in July 2023 as against $55.65 million in the corresponding period a year ago. It said among the 25 key markets for Indian engineering goods, which contribute to more than 76 per cent of total exports, 14 countries witnessed a year-on-year decline in July. According to the data, India's overall engineering expo...
Engineering goods exports to Russia more than doubled to $123.65 million in July 2023: EEPC
Engineering goods exports to Russia more than doubled to $123.65 million in July 2023: EEPC
Source: Accord Fintech
28/08/2023 12:31:01 PM
India`s engineering exports fell 11% year-on-year to $8.53 billion: EEPC The Engineering Exports Promotion Council of India (EEPC) has said that India's engineering exports declined for the third straight month in June 2023, falling 11 per cent year-on-year to $8.53 billion. It stated that India's engineering exports to major markets like the United States, the European Union (EU) and China continued to decline in June 2023, reflecting a challenging global trade environment.  However, it said the country's shipments to West Asia and North Afric...
India`s engineering exports fell 11% year-on-year to $8.53 billion: EEPC
India`s engineering exports fell 11% year-on-year to $8.53 billion: EEPC
Source: Accord Fintech
24/07/2023 10:15:29 AM
EEPC urges India to pursue new FTAs with Latin American and African nations The Engineering Export Promotion Council (EEPC) India has released a strategy paper, urging the country to pursue new free trade agreements (FTAs) with Latin American and African nations to boost engineering shipments. The paper stressed on the importance of expanding market access and reducing risks associated with economic uncertainties. At present, around 40 countries account for over 87 per cent of India's engineering exports.  The strategy paper also highlighted the impact of...
EEPC urges India to pursue new FTAs with Latin American and African nations
EEPC urges India to pursue new FTAs with Latin American and African nations
Source: Accord Fintech
7/07/2023 1:14:15 PM
India`s exports of engineering goods to Russia jump 11 times in April 2023: EEPC The engineering export promotion council (EEPC) has said that India’s exports of engineering goods to Russia jumped 11 times in April 2023 to $133.6 million as compared to year-ago month while the US and China markets continued to soften. Engineering exports to the CIS country were $11.7 million in April 2022. The value of engineering exports to the US was $1.4 billion in April 2023, down 24.9 per cent compared to $1.86 billion in the year-ago month. Shipments to China too continued ...
India`s exports of engineering goods to Russia jump 11 times in April 2023: EEPC
India`s exports of engineering goods to Russia jump 11 times in April 2023: EEPC
Source: Accord Fintech
22/05/2023 12:01:57 PM
To increase medical device exports, Centre sets up dedicated export promotion council  In order to promote export of medical devices from India, the Union Ministry of Commerce and Industry has decided to set up an Export Promotion Council for Medical Devices (EPCMD). The EPCMD will be under the aegis of Department of Pharmaceuticals and will be headquartered in YEIDA, Greater Noida and with regional offices in Andhra Pradesh and Telangana. The Yamuna Expressway Industrial Development Authority (YEIDA) will provide Rs 3 crore as an initial fund support for setting up...
To increase medical device exports, Centre sets up dedicated export promotion council
To increase medical device exports, Centre sets up dedicated export promotion council
Source: IANS
22/09/2022 2:09:49 PM
Exports of engineering goods to CIS countries slump to $25.1 million in April 2022: EEPC Engineering Export Promotion Council (EEPC) of India has said that export of engineering goods to CIS countries including Russia and Ukraine fell the most year-on-year during April 2022, while that to North America registered the highest growth during this period. As per the region-wise data, exports to CIS countries slumped to $25.1 million in April 2022 from $90 million in the same month last year. On the other hand, exports to North America surged 52.9 per cent year-on-year to $2.26 billio...
Exports of engineering goods to CIS countries slump to $25.1 million in April 2022: EEPC
Exports of engineering goods to CIS countries slump to $25.1 million in April 2022: EEPC
Source: Accord Fintech
25/05/2022 1:51:03 PM
Steel product prices likely to fall by 10-15% due to duty-related measures taken by government: EEPC An Engineering Export Promotion Council (EEPC) has said that steel product prices -- which were continuously rising in the domestic market -- are expected to fall by 10-15 per cent due to duty-related measures taken by the government. Reacting to the government's move to levy export duty on some steel items, EEPC India Chairman Mahesh Desai said engineering goods manufacturers and exporters would benefit from the move and become more competitive in the global markets. Desai said downst...
Steel product prices likely to fall by 10-15% due to duty-related measures taken by government: EEPC
Steel product prices likely to fall by 10-15% due to duty-related measures taken by government: EEPC
Source: Accord Fintech
24/05/2022 12:20:56 PM
Exports of HVAC-R products from India set to grow: EEPC India India's exports of heating, ventilation, air-conditioning and refrigeration (HVAC-R) segments are set to grow exponentially, EEPC India said on Tuesday. At present, the US, the UAE, and China were the three top most destinations of India's global exports of HVAC-R products in 2020 with their respective shares of 16.7 per cent, 7 per cent and 5.92 per cent. Addressing an industry event here, EEPC India Chairman Mahesh Desai said that outbound shipments would grow at a fast pace i...
Exports of HVAC-R products from India set to grow: EEPC India
Exports of HVAC-R products from India set to grow: EEPC India
Source: IANS
19/01/2022 9:30:51 AM
EEPC urges to extend lower corporate tax benefit to LLPs, proprietary firms and individuals Engineering Export Promotion Council (EEPC) of India has urged the government as part of its pre-budget recommendation that the benefit of lower corporate tax should be extended to Limited Liability Partnerships (LLPs) and proprietary firms as it will make funds available with a large number of Micro Small and Medium Enterprises (MSMEs) thus speeding up private investment cycle which is instrumental to boost growth and jobs. A body of direct tax professionals also sought for reduction of t...
EEPC urges to extend lower corporate tax benefit to LLPs, proprietary firms and individuals
EEPC urges to extend lower corporate tax benefit to LLPs, proprietary firms and individuals
Source: Accord Fintech
14/12/2021 11:42:42 AM
Exports of engineering goods cross $9 billion in September: EEPC Engineering Export Promotion Council (EEPC) chairman Mahesh Desai has said that exports of engineering goods have crossed $9 billion in September 2021, while 22 out of 25 top export destinations such as China, the UK, and UAE have recorded positive growth. It said share of engineering goods in overall merchandise exports stood at 26.65 percent in September. EEPC chairman has stated that India's engineering cumulative engineering exports increased from $32.4 billion in April to Septembe...
Exports of engineering goods cross $9 billion in September: EEPC
Exports of engineering goods cross $9 billion in September: EEPC
Source: Accord Fintech
26/10/2021 10:31:35 AM
Shipment of most engineering items rose in May: EEPC Led by industrial machinery, products of iron and steel and non-ferrous metal items, 30 out of total 33 engineering goods categories recorded impressive growth in exports during May, 2021 with demand from traditional markets remaining robust. An analysis of trade patterns by Engineering Export Promotion Council (EEPC) of India (EEPC India) showed year-on-year exports decline in the three segments of lead and their products (21 per cent), zinc and products (2 per cent), and ship and boats (...
Shipment of most engineering items rose in May: EEPC
Shipment of most engineering items rose in May: EEPC
Source: IANS
22/06/2021 1:27:58 PM
Impose quantitative restrictions to rein in steel prices: EEPC India Impose quantitative restrictions on 'primary steel' exports to rein in soaring domestic prices, EEPC India has said. Accordingly, the export promotion council urged the Centre on Tuesday to employ both tariff as well as non-tariff measures in controlling steel prices. It cited that value-added steel products exported from India are becoming uncompetitive in the international market due to rising domestic prices of primary steel. At present, primary steel is used as a key raw ...
Impose quantitative restrictions to rein in steel prices: EEPC India
Impose quantitative restrictions to rein in steel prices: EEPC India
Source: IANS
13/05/2021 9:05:10 AM
Imposition of restrictions by states to contain rising coronavirus cases could affect exports: EEPC Raising worries, Engineering exporters body -- the Engineering Export Promotion Council (EEPC) has said that imposition of restrictions by states to contain rising coronavirus cases could affect the exports and the worst impacted would be micro, small and medium enterprises (MSMEs). As per the EEPC, while recovery in the last few months of the fiscal year offers a ray of hope for the sector, the rising number of COVID-19 cases poses a downward risk. Engineering exporters body expressed nee...
Imposition of restrictions by states to contain rising coronavirus cases could affect exports: EEPC
Imposition of restrictions by states to contain rising coronavirus cases could affect exports: EEPC
Source: Accord Fintech
26/04/2021 1:49:18 PM