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Engineering Goods exports register a stupendous growth of 54% and jump
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....ngineering Goods exports register a stupendous growth of 54% and jump <br>News and Press Release<br>Dated:- 24-1-2022<br><BR>Engineering Goods exports register a stupendous growth of 54% and jump to USD 81.8 Billion during April-December 2021 as compared to USD 52.9 Billion during same period in the previous year (2020) With the sector already logging USD 81.8 Billion in the first three Quarters....
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.... of FY2021-22, the sector is set to significantly surpass USD 76.62 Billion overall exports in the last Financial Year despite Covid19 pandemic India's top five export destinations for Engineering Goods are: USA (14.7%), China (5.8%), UAE (5.1%), Italy (4%) & Germany (3.4%) The impressive growth in Engineering Goods exports in recent years has largely been due to the Zero duty Export Promotion C....
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....apital Goods (EPCG) scheme Engineering Goods sector constitutes the largest, more than 27%, share of India's total exports basket Exports of Engineering Goods jumped to USD 81.8 Billion during April-December 2021 (Provisional) as compared to USD 52.9 Billion during same period in the previous year (2020), registering a stupendous growth of 54%. Engineering Goods sector constitutes the largest, m....
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....ore than 27%, share of India's total exports basket during the period. As compared to April-December 2019 (USD 59.8 Billion), exports of Engineering Goods registered a growth of 37% while this represents a growth of 49% compared to April-December 2014 (USD 55.0 Billion). In the month of December, 2021, exports of Engineering Goods touched USD 9.79 Billion, registering a growth of 38.41% over $7.....
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....07 Bn logged in December 2020. The overall exports of Engineering Goods in the last Financial Year (March, 2020-April, 2021) was USD 76.62 Billion, and with the sector already logging USD 81.8 Billion in the first three Quarters of FY2021-22, the sector is set to scale further record highs despite the impact of the Covid19 pandemic since January, 2020. India's top five export destinations for th....
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....e Engineering Goods sector in April-November 2021 (as per latest available data, share per cent mentioned in bracket) are: USA (14.7%), China (5.8%), UAE (5.1%), Italy (4%) & Germany (3.4%). The impressive growth in Engineering Goods exports in recent years has largely been due to the Zero duty Export Promotion Capital Goods (EPCG) scheme of the Ministry of Commerce & Industry and forms part of t....
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....he Foreign Trade Policy (FTP) of Government of India. The present Policy which came into force on 1st April, 2015, was for 5 years with validity upto 31st March, 2020. In order to provide policy stability during the pandemic period, FTP 2015-20 was extended for the year 2021-22 i.e. up to 31st March 2022. The scheme allows import of capital goods for pre-production, production and post-production....
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.... (including Completely Knocked Down/ Semi Knocked Down thereof as well as computer software systems) at zero Customs duty, subject to an export obligation equivalent to 6 times of duty saved on capital goods imported under EPCG scheme, to be fulfilled in 6 years reckoned from Authorization issue-date (para 5.1 a of FTP). The Engineering Goods sector comprises of metal products, industrial machine....
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....ry and equipment, automobiles and its components, transport equipment, bicycles, medical devices and renewable equipment.<BR> News - Press release - PIB....