indee indonesia 2009 - Eepcindee.com

indee indonesia 2009
AT JAKARTA INTERNATIONAL EXPO KEMAYORAN 2 TO 5 DEC 2009
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 components, etc., have global capabilities and are
globally competitive; and is being preferred by global companies 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.