Sumary of Engineering exports to US, China, UAE post sharp growth in October:
- Exports of engineering goods to the US increased 68.4 per cent in October 2021 (year-on-year) to $1.45 billion while shipments to China surged 165 per cent to $ 635.6 million.
- “At $ 60.98 billion cumulative exports in April-October 2021-22 period, the engineering goods sector has achieved 57 per cent of the full year target,” according to a statement issued by EEPC India on Thursday.
- All the 33 engineering goods categories including aircraft parts and ship boats &
- “In the last decade, engineering export’s share in India’s total merchandise exports has increased significantly from around 17% to 26%.