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.