South Asia becomes the top destination for Indian engineering exports
The Dollar Business Bureau Government of India’s ‘Neighbourhood First’ policy got yet another boost as South Asia became the top destination for engineering exports from India in April 2015, according to a report by the Engineering Export Promotion Council of India (EEPC India). While India’s overall engineering exports clocked a miniscule growth of 0.2% (year-on-year) in April 2015, the shipments to South Asia witnessed a massive jump of 90.12% during the same period, followed by North America (25.62%), European Union (-0.8% year-on-year). The value of India’s engineering exports to the South Asia region increased from just $469.5 million in April 2014 to an impressive $892.7 million in April 2015. EEPC India, in its Engineering Exports Monitor for April 2015, noted that there ...
