EEPC sets USD 36 billion export target for 2007-08
Engineering Export Promotion Council of India has set export target of USD 36 billion for engineering goods during 2007-08 and plans to increase the exports to about USD 100 billion by 2016.
Mr Rakesh Shah chairman of EEPC said that "Engineering exports account for 21% of total exports, the largest foreign exchange earner for the country."
Chairman, EEPC, Mr. Rakesh Shah noted that the annual supplement to the Indian Foreign Trade Policy has envisaged an overall export growth of 28% for 2007-08 and engineering goods exports had grown by over 20% a year in the last 2 years while in 2006-07 the provisional export growth rate was estimated at 35%.
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