<strong>indee</strong> <strong>indonesia</strong> <strong>2009</strong> Indian engineering exports to ASEAN countries (in US$ million), 2008-09 AT JAKARTA INTERNATIONAL EXPO KEMAYORAN 2 TO 5 DEC <strong>2009</strong> Vietnam – 264.73 Thailand – 629.22 Australia – 451.56 Brunei – 1.48 Cambodia – 7.46 Indonesia – 554.3 Laos – 7.06 Malaysia – 1685.84 Singapore – 2526.83 Philippines – 218 New Zealand – 59.09 Myanmar – 103.49 India’s export of engineering goods (in US$ million), 2008-09 2008-09 40,094 2007-08 33,749 2006-07 26,491 2005-06 19,318 2004-05 15,390.8 0 10,000 20,000 30,000 40,000
<strong>indee</strong> <strong>indonesia</strong> <strong>2009</strong> AT JAKARTA INTERNATIONAL EXPO KEMAYORAN 2 TO 5 DEC <strong>2009</strong> Engineering exports hit US$40 billion • Indian engineering exports rose from US$29.7 billion in 2007-08 to US$40 billion in 2008-09, a growth of more than 23 percent. • About 45 percent of exports head to Europe and America. • The US imported Indian engineering goods worth US$4.6 billion in April- February (2008-09), a growth of more than 20 percent. • Germany imported engineering goods worth US$1.5 billion from India in April-February 2008-09, 35 percent more than the year before. • Indian engineering exports to Singapore, UK, Malaysia, Germany, Saudi Arabia, Italy, Netherlands, Belgium, France, China, South Korea and Nigeria have significantly risen during April-February of 2008-09. • Key drivers for increased engineering exports have been: the shifting of global manufacturing bases to countries such as India that offer lower costs; abundant raw material resources; a well-developed vendor base of ancillary engineering industries; industries like machine tools, textile machinery, auto <strong>com</strong>ponents, etc., have global capabilities and are globally <strong>com</strong>petitive; and is being preferred by global <strong>com</strong>panies as a strategic base for market entries into developing countries. • The nature of Indian engineering exports has changed with time – from exporting low-value goods to developing countries, it has now shifted to exporting high-value goods to developed countries. • New opportunities, such as outsourcing of engineering goods and services, new product design, product improvement, and maintenance and designing of manufacturing systems, are providing fresh growth avenues. • With development in associated sectors like automotive, industrial goods and infrastructure, coupled with a well-developed technical human resources pool, engineering exports are poised to grow at a rate of 15 percent to 20 percent over the next five years.