An economic source with higher reach to global destinations today, in the form of B2B Trade Portals are easily accessible to the Manufacturers andIndian Exporters , providing them even greater access to international destinations for their products. With reach to international business directories, few international trade portals can be considered an Engine to reach global markets and international importers of Engineering Products looked with awe for the way they help people’s lives.

Machines and structures that are developed under scientific principles to support operations and applications of manufacturing, construction, and few other functions are engineering products. These Equipments and devices operate with minimum human support. They have a major contribution in everyday life today, and they are used as tools for various purposes including industrial, pharmacology, geological, manufacturing, agricultural, construction, etc.

Engineering products that are used in pharmacology come in the form of surgical and diagnostic equipments. On the other hand, these equipments may be used for development of medicines too.

The industrial sector has equipments available like hydraulic workers, pneumatics, welding tools, and press brakes, in addition to lathe chucks. A wide range of materials used in buildings and as construction machinery may include refrigerators, air conditioners, elevators, escalators, lifts, cranes, and other construction equipments. Chaff Cutters, Harvesters, and wood chippers are very common engineering products widely used in the agriculture sector. 

Trades That Require Equipments Used As Hand Tools

Sewing machine, knitting tools, irrigation, horticulture, carpentry, wood working, diamond cutting, grinding machines, paper printing, Garment manufacturing units, etc are devices that come handy in many different purposes in day-to-day life today. These may be considered a gift to the human race.

Indian manufacturers today have gained the required resources including manufacturing background, raw material, as well as workforce and provide engineering products like electronics, electrical, and security cameras too.

Country’s Production and Exports

During April-August in financial year 2011-12, India’s engineering exports was to the tune of approximately USD 40 billion. In addition to the exports, most of the domestic requirement is met with indigenous manufacturing.

The contribution of engineering sector in India’s overall exports is approximately one-fourth, and the experts expect the share of engineering exports to grow further.

Experts Speak

Experts in the field say there is likelihood of India’s engineering exports to earn foreign currency to the tune of approximately $80 billion in the current financial year. This would result into a 30% rise against the last fiscal.  The raise is expected subsequent to surge in demand from new markets such as Latin America and Africa etc.

They say Indian exporters are receiving good orders for their products from these markets. Thus total exports earnings may go up to $80 billion. Demand for Engineering Products from West Asia too is on the surge, say the experts.

New Products on Line

Indian companies are consistently aiming on bigger products in the sector, and few of them have already started working on Electric Vehicles, solar vehicles, hydrogen-powered vehicles, and solar electric engines etc. The attempt is made with a look at ever-growing dependence on petroleum, which makes a serious impact on the country’s economy too. Thus paying due attention to ecology as well.

The Govt. Too Recognizes the Benefits

EEPC, the Nodal agency to promote engineering exports in the country, under Ministry of Commerce, Govt. of India, often organizes or provides the required guidance to Indian manufacturers and Indian exporters to participate in international and domestic trade fairs or shows. These fairs and shows provide Indian Exporters access to International markets as well as Indian Traders, resulting into business growth.