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The Latest Breaking News from Pankaj Chadha

India's engineering exports climb 21% to $11.48 bn as China demand surges 74%

India's engineering exports rose 21% year-on-year to $11.48 billion in June, supported by strong demand from China, the US, Germany and Oman despite shipping disruptions in the Red Sea and Strait of Hormuz. Engineering exports grew 18.09% in the April-June quarter, helping support India's merchandise exports amid rising logistics costs.

The Economic Times

Engineering goods exports top US$12.31 billion in May, highest ever monthly exports despite West Asia conflict

We are positive that with the proper guidance of the Government, we will be able to achieve the desired export target of US$ 250 billion by 2030: EEPC India Chairman

The Economic Times

US–Iran peace deal to reopen Strait of Hormuz brings relief to trade: EEPC

This development is expected to significantly boost global trade, particularly for India, by easing logistics disruptions and costs for energy imports and engineering exports to the WANA region.

The Economic Times

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Engineering exports rise to $122 billion, emerge as India's largest export segment

This remarkable growth, driven by government support and a diversified product basket, highlights the sector's resilience and global competitiveness despite challenging trade conditions.

The Economic Times

India Inc wary of fresh trade headwinds as US weighs additional 12.5% tariff

The United States is proposing a 12.5% tariff on Indian imports. This action stems from an investigation into forced labor import prohibitions. Indian industries express concern, viewing it as a tariff threat during ongoing trade negotiations.

The Economic Times

EEPC India proposes separate MSME rating system for better funding and global competitiveness

EEPC India has urged the government to create a distinct rating system for MSMEs. This new approach would consider their size and operational specifics. Such a system aims to provide fair recognition, enable easier access to affordable loans, and boost their global market standing.

The Economic Times

Engineering Goods exports stay positive despite West Asia crisis, rise 9% in April,2026

While most regions saw gains, WANA and ASEAN experienced declines. The industry emphasizes addressing non-tariff barriers to maximize FTA benefits.

The Economic Times

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UK’s steel curbs emerge as an early hurdle for FTA with India ahead of roll-out. Is there a way out?

The UK has extended safeguard measures on select steel imports; starting from July 1, 2026, it will reduce tariff-free quotas by 60% and impose a 50% duty on shipments beyond the limit.

The Economic Times

US-bound engineering exports resilient; WANA shipments drop 51% amid West Asia tensions

Indian engineering exports hit a record US$122.43 billion in FY26. The US remained the top market despite tariffs. Exports to the UAE and Saudi Arabia saw declines. Germany, the UK, and China were key growth markets.

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