Why are engineering goods exports growing in India?

The impressive growth in Engineering Goods exports in recent years has largely been due to the zero-duty Export Promotion Capital Goods (EPCG) scheme of the Ministry of Commerce & Industry which forms part of the Foreign Trade Policy (FTP) of the Government of India.

Which countries import engineering goods in India?

The top five Indian engineering goods importing countries were the USA, the UAE, Germany, Italy, and Singapore with a share of 17.44%, 4.61%, 3.68%, 3.67%, and 3.42%, respectively, in 2022-23 out of the 25 countries recorded positive cumulative growth in engineering exports during April-March 2022.

Is engineersupply factory authorized?

In business since 1999, we are factory authorized and have what it takes to get your order processed and shipped on time and successfully delivered. EngineerSupply is a top retailer of engineering supplies, land surveying equipment, blueprint storage, office furniture, drafting equipment, and power tools.