China has emerged as a pivotal destination for engineering exports, occupying its place among the top four ports ofcall 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 centgrowth in India's engineering exports in August to USD 257 million against a meagre USD 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 ofnon-ferrous metals from India. Though the USA remains India's numberone destination for engineering exports at USD 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 USD 257 million , this segment accounted USD 150 million for the month under review , said EEPCIndia Chairman T S Bhasin. The overall scenario improved in August this year as compared to thesame month in 2016017. registering annualised growth of 19 per centin engineering exports. merchandise exports is 24.4 per cent and thanks to smart performance of the sector, the share has been improving month on month.
It has come to occupy the fourth largest destination for the engineering exports, thanks to a scorching pace of its imports ofnon-ferrous metals from India. Though the USA remains India's numberone destination for engineering exports at USD 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 USD 257 million , this segment accounted USD 150 million for the month under review , said EEPCIndia Chairman T S Bhasin. The overall scenario improved in August this year as compared to thesame month in 2016017. registering annualised growth of 19 per centin engineering exports. merchandise exports is 24.4 per cent and thanks to smart performance of the sector, the share has been improving month on month.
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