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India to achieve $330 bn record exports this fiscal: Commerce Secy Anup Wadhawan
Mar 15, 2019

Notwithstanding global challenges like protectionist measures by some countries, India is projected to achieve all- time record exports of $330 billion in fiscal 2018-19 with a major contribution coming from the engineering sector, Commerce Secretary Mr Anup Wadhawan said while inaugurating the VIIIth International Engineering Sourcing Show (IESS) in Chennai today. 
 
This year has been particularly good for us. We are likely to touch an all-time record and go past our earlier peak which was in 2013-14 at $314 billion and we hope to reach about $325-330 billion this year, Wadhawan added, addressing global CEOs and trading partners at the IESS-VIII, the annual flagship event of the EEPC India. 
 
The Commerce Secretary said the engineering exports have grown significantly in recent years, notwithstanding major global challenges. From global financial crisis of 2008-2009 onwards, India’s exporters have faced several challenges including several recent unilateral protectionist efforts by various countries. However, conducive government policies have propelled the engineering sector exports. 
 
EEPC India Chairman Ravi Sehgal said that engineering exports in the financial year 2018-19 are expected to be between $80-82 billion. We could have done $85 billion if we had basic raw material of steel at affordable prices. 
 
    

Economictimes.indiatimes

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