There is a rise in the engineering sector in Gujarat despite of the negative environment and global factors such as high inflation and the most important negative factor- the Ukraine-Russia war. Till now, the Indian engineering industry has registered exports worth $69 billion between April and December 2022. This is 7% higher than the previous year.
The demand for the machinery has increased too. With this, Gujarat has accounted 36% growth in the Indian engineering exports. According to Sachin Patel, region member of EEPC, “Demand for chemical plant machinery has remained high in the international and domestic markets. Demand from Russia increased for last year because Russian buyers have stopped purchasing from Europe and all their orders have diverted to India”.
Till now, Gujarat is a leading state in the engineering sector. The companies also serve as a machinery from industries such as automobiles, textiles and chemicals. There is also a supply in the CNC machines, boilers and brass parts.
According to EEPC, “From April to December 2021, Indian engineering exports were worth $64 billion and grew by 7.8% to $64 billion and grew by 7.8% to $64 billion in April-December 2022. However, December exports registered a decrease of about 3%”.
