ENGINEERING EXPORTS UP 90% IN JUNE
India's engineering exports jumped by about 90% on year - on-year basis in June to $ 5.1 billion despite concerns of financial problems in some European economies. " Demand is reviving in the US, but in the European markets, there is a demand compression" , engineering export promotion council executive director R Maitra said. Exporters fear that crisis in the European markets may impact orders from the region, he said. Of the total $32.5 billion engineering exports in 2009-10, EU accounted for about 30%. The cumulative performance for the first quarter of the current fiscal improved by 45% over the same period last year.
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