Fall in External Demand in Engineering Export Markets

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..... Fall in External Demand in Engineering Export Markets
News and Press Release
Dated:- 6-3-2013

There has been a fall in exports to major engineering export markets of the country as per the details available for April-January 2012-13. The details of the regions alongwith engineering exports, reflecting such fall are given below; the fall in engineering exports has been largely on acco .....

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..... unt of the global recession that has affected global demand. (Values in million US$) Regions showing decline in exports % decline April 2011-Jan 2012 April 2012-Jan 13 ASEAN+2 9056.96 6416.07 -29.16 EU 9229.58 8703.56 -5.70 Rest of Europe 1141.10 1030.76 -9.67 North America 6603.04 6377.57 -3.41 North East Asia 4835.83 4639.77 -4.05 South Asia 2842.95 2617.17 -7.94 I .....

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..... nitiatives for increasing the competitiveness of Indian industry in exports is a constant process. Some of the recent initiatives taken by the Government for enhancing exports of the engineering sector are the following: Expansion of the Interest Subvention Scheme to include 134 engineering tariff lines; Extension of Interest Subvention Scheme till March 31, 2014; Expansion of Focus Market Sche .....

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..... me to include a large number of countries; Expansion of both Focus Product Scheme and the Market Linked Focus Product Scheme to promote various engineering tariff lines; Introduction of new 2% Incremental Export Scheme for the 4th Quarter 2012-2013 for certain markets in Asia, USA and EU; Introduction of 2% Pilot Scheme of Interest Subvention for Project Exports through EXIM Bank for countries .....

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..... of SAARC region, Africa and Myanmar. This information was given by the Minister of State of Commerce & Industry, Dr. D. Purandeswari in a written reply in Rajya Sabha today. DS/RK (Release ID :93099)
News - Press release - PIB .....

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