EEPC India witnesses significant growth of engineering goods exports

Kolkata, Sep 21 (Representative) Engineering Export Promotion Council of India (EEPC India) while celebrating its 67 years of existence has witnessed a significant growth of engineering goods exports to about USD 112.1 Billion in FY 22 from mere $ 10 million in 1955, according to EEPC India chairman Mahesh Desai. “ From $10 million worth of engineering goods exports, in 1955, we have grown exponentially in six decades to enable the Indian Engineering exports to reach USD 112.1 Billion in FY 22,” Desai said as the organisation he is now heading celebrated the Commemoration Day on Wednesday in achieving instrumental role in spurring the growth of the Indian engineering sector. “ It gives me great pleasure that as we celebrate the 67 years of our existence, we have been able to uphold the legacy of our early leaders and policymakers. We have grown exponentially in six decades to enable the Indian Engineering exports to reach USD 112.1 Billion in FY 22.” he maintained. EEPC India is leading the largest Indian Engineering Delegation “ INDEE” in Tanzania which opens tomorrow where more than 28 Engineering product groups would be represented by more than 80 Indian Exhibitors. On the same day, EEPC India will also be present at Bangla MedExpo in Bangladesh with the largest ever Indian Medical Device manufacturers’ team to Bangladesh and for the first time our largest Overseas Engineering Exhibition INDEE will go ONLINE this year and which makes INDEE Tanzania the first hybrid INDEE in the INDEE history.

“ This birthday Month has been the busiest in EEPC India’s calendar this year with eight Engineering Events. Apart from the above two, EEPC India is leading Indian engineering manufacturers to Automechanika Frankfurt which represents the Automotive Industry;Korea Metal Week with a team from Foundry, Forging, Furnace and Thermal Processing Technology; International Technical Fair in Bulgaria with a team from Automobiles, Electrical, Construction, Power, Engineering and Environment, International Hardware Fair- Eisenwarenmesse 2022 in Cologne, Germany with a team representing Hand Tools, Fasteners and Bogota International Industry Fair representing Subcontracting and Industrial Machinery and BSB Between India and Vietnam in Vietnam representing Auto Components, Agri Machinery, Electrical & Electronic equipment and appliances, Food Processing Machinery and Textile Machinery- “announced Suranjan Gupta, Executive Director, EEPC India Engineering Exports Promotion Council was established on September 21, 1955 to focus more on India’s exports. Indeed, it was a collaborative venture and the birth was a culmination of joint efforts by many organisations and legendary figures of those times: the Engineering Association of India, the Indian Engineering Association, Bucket Manufacturers Association, Pump Manufacturers Association,the Indian Foundry Association, to name a few. The then Commerce & Industry Minister, TT Krishnamachari, formally inaugurated the Council with 24 founder- members and 16 new members.

Since its inception 67 years ago in 1955, the Council has achieved several milestones and established new benchmarks in engineering export promotion. It has acted as an interface between the Indian engineering industry and the Government. The Council has been actively working with the Department of Commerce, Ministry of Commerce and Industry, DHI, DGFT, RBI, CBIC, DoR etc. to provide valuable inputs regularly for various policy formulations. It has participated in all the FTA engagements of India and helps in negotiations by offering suggestions. Among many milestones achieved by EEPC India, it has established two Technology Centres in Kolkata and Bangalore to close the gap between technology development and commercialization. EEPC India has opened its Chapters in 15 Tier II and Tier III cities across 15 States to engage exporters from every quarter. EEPC India organizes the International Engineering Sourcing Show (IESS), the largest display in the country of engineering products and services, every year. This is recognized as the only engineering sourcing event in India – showcasing the latest technologies and a preferred meeting place for global buyers and sellers.

So far Nine Editions have been held and across 9 editions, 6 partner countries/ regions ( Canada, Czech Republic twice, Poland, COMESA as a region, Russia, Malaysia twice) from 4 Continents ( North America, Europe, Africa and Asia), presence of more than 13 States from all four regions of India and on an average 50 Speakers across 10 Thematic Sessions,400 Delegates from 60 Nations and around 300 Exhibitors and over 700 B2B Meetings have graduated to a Global Engineering Sourcing Show. Over the 9 editions, during 2012-2020, 61.29 % rise in Footfall, 14.3% rise in Delegates and 86.81% rise in Exhibitors underscore the success of the event on all the nine editions. The Tenth edition is expected to get overwhelming response due in March 2023 in Chennai. EEPC India has been organizing its trademark exhibition – Indian Engineering Exhibition or INDEE to showcase Indian engineering prowess to the world. It has organized INDEE in six continents including Africa, North America, South America, Australia, Europe, and Asia. MSMEs are the key target groups for participation in such exhibitions. So far 41 editions of INDEE have been organized covering 27 nations. The 42nd edition of INDEE is happening in Tanzania. As the pandemic crippled the industry and made physical interaction difficult, EEPC India organized a series of virtual exhibitions to help the exporting community in connecting with global buyers. EEPC India has been serving its ever-growing strength of over 12000 members of which almost 60 percent are small and medium enterprises (SMEs).