A $300bn Target gets a Flying Start
India's engineering products and services export market is racing towards achieving this ambitious goal, says Pankaj Chadha, Chairman, Engineering Exports Promotion Council of India (EEPC India)
Pankaj Chadha
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Indian determination is remarkable. The economic environment is undergoing transformation due to geopolitical tensions and protectionist policies. Yet, our engineering exports have reached $117 billion last year. Chairman of EEPC India, Pankaj Chadha, is confident that India is not a "catching up economy anymore." In fact, he asserts that India is the "global innovation hub."
India's engineering sector has evolved from being a cost-effective manufacturing destination to becoming a centre for cutting-edge innovation and quality production. This transformation is not accidental but the result of strategic investments in technology, skill development, and infrastructure.
The journey toward the $300 billion target is supported by robust government initiatives, increasing global partnerships, and a growing emphasis on sustainable manufacturing practices. Indian engineering firms are now competing on quality, innovation, and reliability rather than just price competitiveness.
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