Increase in engineering exports to America, Saudi Arabia, UAE

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New Delhi: Exports of engineering products from India to countries like America, Saudi Arabia, United Arab Emirates have increased in October. However, government data revealed a decline in exports to the European Union, China and South-East Asian countries.

After a slowdown during the first half of the year, India's engineering products exports registered a positive growth of 7.2 percent for the third consecutive month in October. While in the first seven months of the current financial year, the export growth of such products has registered a decrease of 1.6 percent.

ImB India said the decline in demand in developed countries, particularly in the European Union, has created problems for Indian metal exporters.

The situation has worsened due to barriers imposed on Indian exporters by European Union and North American countries.

Engineering exports to the US were valued at $1.39 billion in October, up 2.2 percent from last year.

While the shipment in Enchai has increased by 2.9 percent to 348.6 million dollars. Engineering exports to Britain rose 60.3 percent to $302.5 million in October.

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