India Strengthening Strategies to Safeguard Exporters' Interests

19 Feb 2025 CW Team

Highlighting India’s growing economic strength, Prasada stated, “India is no longer just about numbers; we have an aspirational population with spending power. We are negotiating Free Trade Agreements (FTAs) on equal terms and will not settle for anything less than what benefits India and our exporters.”

The ceremony honoured 106 National Award winners across 33 product groups and 14 Quality Award holders in four categories. Recognised companies included Maharatna BHEL, steel giants ArcelorMittal Nippon Steel, JSW, POSCO Maharashtra, EPC leader Larsen & Toubro, defence manufacturer BEML, and automobile companies such as Isuzu Motors and Toyota Kirloskar.

EEPC India Chairman Pankaj Chadha highlighted India's engineering export milestone, noting that exports surpassed $100 billion for the first time in FY 2021-22, reaching $112 billion. The government has now set an ambitious target of $118 billion for FY 2024-25. He also urged measures to reduce export credit costs for MSMEs and address concerns over high steel prices due to a potential 20-25% safeguard duty.

Pradeep K Aggarwal, Chairman (Northern Region), EEPC India, noted that engineering exports contribute nearly 27% to India’s total merchandise exports. EEPC India’s ED and Secretary, Adhip Mitra, thanked the government for recent budgetary measures, including the Export Promotion Mission, Bharat Trade Net initiative, expansion of credit guarantees for MSMEs, and customs duty rationalisation, all of which are expected to boost engineering exports.

(PIB)

Image Source: Shutterstock

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Union Minister of State for Commerce & Industry, Jitin Prasada, emphasised the government’s proactive approach in addressing potential trade challenges, particularly those arising from protectionist policies of other nations. Speaking at EEPC India's 54th National Awards and 4th Quality Awards ceremony in New Delhi, he assured that India is formulating strategies to protect the interests of exporters and citizens. Highlighting India’s growing economic strength, Prasada stated, “India is no longer just about numbers; we have an aspirational population with spending power. We are negotiating Free Trade Agreements (FTAs) on equal terms and will not settle for anything less than what benefits India and our exporters.” The ceremony honoured 106 National Award winners across 33 product groups and 14 Quality Award holders in four categories. Recognised companies included Maharatna BHEL, steel giants ArcelorMittal Nippon Steel, JSW, POSCO Maharashtra, EPC leader Larsen & Toubro, defence manufacturer BEML, and automobile companies such as Isuzu Motors and Toyota Kirloskar. EEPC India Chairman Pankaj Chadha highlighted India's engineering export milestone, noting that exports surpassed $100 billion for the first time in FY 2021-22, reaching $112 billion. The government has now set an ambitious target of $118 billion for FY 2024-25. He also urged measures to reduce export credit costs for MSMEs and address concerns over high steel prices due to a potential 20-25% safeguard duty. Pradeep K Aggarwal, Chairman (Northern Region), EEPC India, noted that engineering exports contribute nearly 27% to India’s total merchandise exports. EEPC India’s ED and Secretary, Adhip Mitra, thanked the government for recent budgetary measures, including the Export Promotion Mission, Bharat Trade Net initiative, expansion of credit guarantees for MSMEs, and customs duty rationalisation, all of which are expected to boost engineering exports. (PIB) Image Source: Shutterstock

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..