• Union Minister of Commerce and Industry Piyush Goyal launched EEPC India’s 70th year celebrations and also unveiled the EEPC India logo in New Delhi.
• As an advisory body, EEPC India actively contributes to the policies of the government of India and acts as an interface between the engineering industry and the government.
• Calling EEPC India the model export promotion council, Goyal lauded the organisation for its contributions to different sectors of engineering. Whether it is mobility, capital goods sector or steel industry, EEPC India has played a very important role in the growth of the nation’s capabilities, he said.
• He also noted EEPC India’s goal of reaching exports of $300 billion in the next 5-6 years.
Engineering Export Promotion Council of India (EEPC India)
• The Engineering Export Promotion Council of India (EEPC India), serves as the bridge connecting India’s engineering industry to global markets.
• It is a Council set up in 1955 under the aegis of Department of Commerce for promoting exports in the engineering sector and acts as an interface between the engineering industry and the government.
• It is a company set up under Section 25 of the Companies Act 1956 (company not for profit), keeping in view the special requirements of the Indian engineering sector for export promotion.
• This premier trade organisation empowers Indian engineering enterprises to navigate international trade complexities and foster their growth and competitiveness globally.
• Keeping ‘Engineering the Future’ as the motto, EEPC India serves as the reference point for the Indian engineering industry and the international business community in its efforts towards establishing India as a major engineering export hub.
• It has a membership strength of around 13,000 Indian engineering firms, from small and medium-sized enterprises to large corporates.
• It is the nodal agency for issuing of Registration-cum-Membership Certificate for engineering exports throughout the country under the provisions of the Foreign Trade Policy.
• The organisation has its headquarters at Kolkata with regional offices in Mumbai, Chennai, Kolkata and Delhi and sub-regional offices in Ahmedabad, Bengaluru, Hyderabad and Jalandhar for providing services to exporters of engineering products.
• With a view to establish closer connections with the engineering manufacturers & exporters and to have a better reach, EEPC India has also opened its chapters in 15 Tier II/Tier III cities spread across the country.
• It facilitates sourcing from India and boosts the SMEs to raise their standard at par with the international best practices. It also encourages the SMEs to integrate their business with the global value chain.
• Through targeted market research, skill enhancement programmes, and capacity-building workshops, EEPC India equips domestic engineering firms with the necessary tools to understand international demand trends, refine their product offerings, and meet stringent quality standards.
• Additionally, the council's strategic collaborations and participation in global trade exhibitions enable Indian exporters to showcase their innovations to a broader audience, fostering valuable partnerships and opening doors to new markets.
• This multifaceted approach helped Indian engineering exports achieve a remarkable transformation — from $10 million in 1955 to $107.04 billion in April 2022-March 2023.
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