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Engineering exports Achieve Target

Engineering exports have achieved the target of $24 billion set for the last fiscal. The segment has overtaken gems and jewellery to become the highest export earner in the last two years.

According to a study by AF Ferguson engineering exports is expected to earn $27.4 billion by 2009-10.

The engineering industry accounts for 10 to 12 per cent of India’s gross domestic product and approx 31% share in the country’s employment.

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