India’s engineering sector stands as a cornerstone of its economic prowess, contributing significantly to the nation’s GDP and export portfolio. Central to this success is the Engineering Export Promotion Council (EEPC) India, an organization dedicated to promoting and facilitating engineering exports to global markets. In this comprehensive overview, we will delve into EEPC India’s pivotal role, supported by pertinent facts and figures, and explore how entities like Altus Exports can further empower Indian manufacturers in their global expansion endeavors.

EEPC India: Championing Engineering Exports

Established in 1955, EEPC India has been at the forefront of promoting India’s engineering capabilities worldwide. Serving as a bridge between Indian engineering firms and the global market, EEPC India offers a plethora of services aimed at enhancing export performance.

Key Functions of EEPC India:

1. Market Development: EEPC India organizes international exhibitions, trade fairs, and buyer-seller meets, providing Indian exporters with platforms to showcase their products and connect with potential buyers.

2. Policy Advocacy: The council represents the interests of the engineering sector to the government, advocating for favorable policies and addressing industry challenges.

3. Capacity Building: Through workshops, seminars, and training programs, EEPC India enhances the competencies of Indian exporters, ensuring they meet global standards.

4. Information Dissemination: The council provides up-to-date information on international markets, export procedures, and regulatory requirements, equipping exporters with the knowledge needed to navigate global trade.

Engineering Export Performance: Facts and Figures

The engineering sector is a significant contributor to India’s export economy. In the fiscal year 2023-24, engineering exports reached US$ 109.32 billion, marking a 2.13% growth from the previous year. This growth is particularly noteworthy given the 3.11% decline in overall merchandise exports during the same period.

A month-wise analysis reveals that since December 2023, engineering exports have exhibited a positive trend, with March 2024 recording the highest monthly exports at US$ 11.28 billion—a 10.7% year-on-year growth.

Regional Export Insights:

• North America and European Union: These regions remain top destinations for India’s engineering exports, accounting for 20% and 19% of the total exports, respectively.

• West Asia and North Africa (WANA): This region saw a significant surge in demand, with exports increasing by 27% in 2023-24.

• Commonwealth of Independent States (CIS): Exports to CIS countries experienced a remarkable 65% growth, indicating successful market diversification efforts.

Product Category Performance:

• Iron and Steel: Exports in this category declined by 11% in 2023-24, totaling US$ 11.86 billion.

• Products of Iron and Steel: This segment saw a marginal growth of 1%, with exports valued at US$ 9.89 billion.

• Non-Ferrous Metals: Copper and aluminum products experienced significant growth, with copper exports increasing by 37% to US$ 2.53 billion.

Altus Exports: Empowering Indian Manufacturers

While organizations like EEPC India lay the groundwork for export promotion, companies such as Altus Exports play a crucial role in facilitating the actual export processes for manufacturers.

How Altus Exports Assists Manufacturers:

1. Buyer Identification: Altus Exports excels in connecting manufacturers with potential buyers across various international markets, leveraging market intelligence and extensive networks.

2. Market Intelligence: By maintaining subscriptions to comprehensive databases, Altus Exports provides manufacturers with up-to-date market insights, helping them make informed decisions.

3. Marketing Expertise: A skilled marketing team promotes products internationally, utilizing both traditional and digital strategies to generate leads and drive sales.

4. Network Leverage: With a vast network of contacts, including distributors, agents, and retailers, Altus Exports facilitates smoother market entry and product establishment in new territories.

Partnering with Altus Exports

Altus Exports seeks strategic alliances with manufacturers who share a commitment to excellence and global expansion. Ideal partners are those producing export-quality products, aspiring for a global footprint, and possessing necessary documentation and certifications.

By partnering with Altus Exports, manufacturers gain access to a dedicated export team that simplifies the complexities of international trade, enabling them to tap into new markets with ease.

For more information on partnership opportunities, manufacturers can visit Altus Exports’ Manufacturer Partnership page.

Conclusion

EEPC India has been instrumental in driving India’s engineering exports, providing invaluable support to manufacturers aiming for global markets. Complementing this, companies like Altus Exports offer specialized services that streamline the export process, ensuring that Indian products reach international buyers efficiently. Through such collaborations, Indian manufacturers are well-equipped to expand their global presence and contribute to the nation’s economic growth.