ENGINEERING EXPORTS TOUCH ALL TIME
HIGH OF US $ 7.17 BILLION
JAITLEY GIVES
AWAY ENGINEERING EXPORT AWARDS
India’s engineering exports
has scaled an all time high of US $ 7.17 billion during the year
2002-03 surpassing the target of US $ 7.1 billion set during the
last fiscal. Phenomenal growth has been achieved in the sectors
such as prime steel, automobile, passenger cars, industrial machinery,
power generating machinery etc. This was indicated by Shri Arun
Jaitley, Union Minister of Commerce & Industry and Law &
Justice, while giving away the all India export awards by Engineering
Export Promotion Council (EEPC) here today. "The significant
part of these exports have been those of capital goods and that
too to the developed countries", Shri Jaitley said. Shri
L.Mansingh, Director General of Foreign Trade and Shri Satish
Dhanda, Chairman, EEPC were present at the function along with
large number of exporters.
In his address, Shri Jaitley
emphasised that India has excelled in services exports, especially
those based on knowledge based resources. India has been recognised
as a leading knowledge economy across the world. At the same time,
every effort should be made to achieve the similar results in
manufacturing and capital goods sector, the Minister said. "We
should see to it that how we effectively use our institutions
to achieve the desired economic growth", Shri Jaitley said
and complimented the award winning exporters for having achieved
such significant growth.
Shri Satish Dhanda informed
that USA proved to be single major market for engineering exports
accounting for approximately 18% of our global merchandise. He
said the Council would achieve the target of US $ 8 billion set
for 2003-04. As a part of promotional activities of the Council,
INDIATECH Exhibition has been planned in Sao Paulo from 11-14
November this year. Also, the Council is opening INDIAMART-a large-scale
showroom-in Sao Paulo for introduction of Indian engineering products
in whole of Latin America.
The Minister gave away the
All India Trophy for top exporters for the year 2000-01 in non-SSI
category to Tata Motors Ltd. while Enfield Industries Ltd. bagged
the trophy in SSI category. In project exporter category Bharat
Heavy Engineering Limited got the top trophy whereas IRCON International
Ltd. won the top trophy in merchant exporter category.
