U.S. Ranks as #1 Destination for India’s Engineering Products

According to data from the state-sponsored Engineering Export Promotion Council of India, the U.S. ranks as India’s number one destination for engineering products with shipments aggregating $2.9 billion between April and July of the current fiscal.

UAE, with shipments of $1.78 billion occupies the second slot among the top 25 destinations for the engineering exports, while Mexico is at third position with $921 million worth of engineering goods purchased from India. Other major destinations for the engineering products include U.K., Germany, Italy, China, Singapore and Bangladesh, reports the Economic Times.

EEPC LogoEngineering Export Promotion Council of India’s chairman Tarvinder Singh Bhasin said, “There is no doubt the U.S. economy is doing well resulting in better shipments of our engineering goods, showing a cumulative growth of 37 percent between April-July 2017. But for an unabated rise in rupee value, our performance would have been even better.”

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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