China has emerged as a major destination for engineering exports, occupying its place among the top four ports of call for the Indian shipments , hugely steered by non-ferrous metals, an EEPC India data analysis for August shows.
In fact, China accounted for the maximum and whopping 266 per cent growth in India's engineering exports in August to $257 million against a meagre $70 million a year ago.
It has come to occupy the fourth largest destination for the engineering exports, thanks to a scorching pace of its imports of non-ferrous metals from India. Though the USA remains India's number one destination for engineering exports at $782 million , logging in year on year growth of 34 per cent in August,2017, expansion in shipments to China were unmatched by another country, the EEPC India analysis showed.
Boosted by expansion of its economy, China's imports of engineering goods from India were largely accounted by non-ferrous metals. Of the total engineering shipments of $257 million , this segment accounted $150 million for the month under review , said EEPC India chairman Mr T S Bhasin.
In fact, China accounted for the maximum and whopping 266 per cent growth in India's engineering exports in August to $257 million against a meagre $70 million a year ago.
It has come to occupy the fourth largest destination for the engineering exports, thanks to a scorching pace of its imports of non-ferrous metals from India. Though the USA remains India's number one destination for engineering exports at $782 million , logging in year on year growth of 34 per cent in August,2017, expansion in shipments to China were unmatched by another country, the EEPC India analysis showed.
Boosted by expansion of its economy, China's imports of engineering goods from India were largely accounted by non-ferrous metals. Of the total engineering shipments of $257 million , this segment accounted $150 million for the month under review , said EEPC India chairman Mr T S Bhasin.
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