| During
last five decades, EEPC has been playing a pivotal role in
increasing country’s engineering exports and as of date,
engineering exports have crossed US$ 20 billion in the year
2005-06 in comparison to US$ 10 million that was achieved
in the year 1956-57. Engineering exports have been registering
steady growth each year and has registered a growth of 33%
during 2006-07 over the previous year.
| |
During the
nascent stage, Indian engineering exports were mainly
confined to Asia and to a small extent to Africa. Over
the years, the scenario has completely changed and as
of date, about 40% of total engineering exports are
made to developed countries. A table showing exports
of 40% to developed countries out of total engineering
exports is given below :
| Region |
1956-57 |
2006-07 |
| Europe |
0% |
25% |
| America |
0% |
19% |
|
|
