Engineering exports doing fairly good as compared to other products, EEPC chairman tells KNN
Economic slowdown has engulfed almost all the sectors and the slowdown in exports appear to have a major impact on performance of the manufacturing sector.
Engineering Export Promotion Council (EEPC) Chairman Ravi Sehgal, while talking to KNN India on the side lines of EEPC India National Exports awards, on Tuesday said, engineering goods have also been affected due to slow down but we are doing well compared to other products.
''Engineering goods are also affected due to slow down but we are doing fairly well as compared to other products. In fact, we have seen that in the month of October, there was a sudden 1 per cent increase from the last year and in November too we expected increase. But sudden fall in world trade by itself and the forecast also came down to from 3 per cent to 2.6 per cent, so India also cannot be isolated,'' he told KNN India.
The chairman also lauded the Indian exporters and said that they can do better if steel is available to them at international prices.
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