India's engineering exports surge 187 per cent to $8.2 billion in July
19 Aug 2011
Export of engineering goods from the country surged 187 per cent year-on-year to $8.2 billion in July helped by rising demand and flow of orders from new markets in Africa and Latin America.
India exported engineering goods worth $2.88 billion in July last year, data released by the Engineering Export Promotion Council (EEPC) showed.
During the first quarter of the current financial year (April-July 2011-12), export of engineering goods from the country jumped 114.3 per cent to $31.6 billion from $14.74 billion Q1 2009-10.
Engineering exports from the country had grown 84.17 per cent year-on-year to $6.7 billion in June this year.
Provisional data show that exports of engineering goods from India have reached $60 billion (Rs2,72,957.84 crore) during the previous fiscal ended 31 March 2011.
Rising orders from the emerging markets in Latin America such as Brazil, Mexico, Argentina and Columbia as also from the African region helped India's engineering goods post a better performance despite sluggish demand in western markets like the US and Europe.
