The engineering sector inGujaratsaw exports grow despite negative global factors such as high and the Ukraine-Russia war.
The Indian engineering Industry registered exports worth $69 billion in April to December 2022, about 7% higher than the same period of the previous year.
Experts say machinery demand has risen and has driven this Growth. Gujarat accounts for around 36% of India’s engineering exports, according to data from theEngineering Exports Promotion Council(EEPC).
According to EEPC, from April to December 2021, Indian engineering exports were worth $64 billion, and grew by 7.8% to $69 billion in April-December 2022. However, December exports registered a decrease of about 3%.
Gujarat is a leading state in the engineering sector and companies serve demand for machinery from industries like automobiles,
d="M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube