EEPC export target intact at $30 bn
The Engineering Export Promotion Council is keeping its engineering goods export target at $30 bn for FY08 despite the sudden jerk from Re appreciation.
By PTI |
KOLKATA: The Engineering Export Promotion Council (EEPC) is keeping its engineering goods export target at $30 billion for the current financial year despite the sudden jerk from Rupee appreciation.
"We have kept the export target at $30 billion and we are confident of achieving it despite Rupee appreciation," EEPC chairman Rakesh Shah said on the sidelines of a series of reverse buyer-seller meets on Thursday.
During April-October, India has exported $17 billion worth of engineering goods. About the same period, the Indian rupee had appreciated by over 9 per cent.
If EEPC was able to touch the target, engineering export would grow by 10-12 per cent from $27.11 billion registered in 2006-07.
The sector expanded by 33.28 per cent in export earning over 2005-06 recording $20.34 billion.
Meanwhile, Shah said some 120 foreign delegates will meet over 1,000 Indian engineering exporters in eight cities from February 25 to March 6.
"There will be delegates from Africa, ASEAN, CIS, Latin America, US and Canada. The reverse buyer-seller meet will help small exporters the most at a time when the Rupee appreciation has hurt exporters by 12 per cent," Shah said.
"We have kept the export target at $30 billion and we are confident of achieving it despite Rupee appreciation," EEPC chairman Rakesh Shah said on the sidelines of a series of reverse buyer-seller meets on Thursday.
During April-October, India has exported $17 billion worth of engineering goods. About the same period, the Indian rupee had appreciated by over 9 per cent.
If EEPC was able to touch the target, engineering export would grow by 10-12 per cent from $27.11 billion registered in 2006-07.
The sector expanded by 33.28 per cent in export earning over 2005-06 recording $20.34 billion.
Meanwhile, Shah said some 120 foreign delegates will meet over 1,000 Indian engineering exporters in eight cities from February 25 to March 6.
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"There will be delegates from Africa, ASEAN, CIS, Latin America, US and Canada. The reverse buyer-seller meet will help small exporters the most at a time when the Rupee appreciation has hurt exporters by 12 per cent," Shah said.
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