The Department of Commerce and the Engineering Export Promotion Council of India (EEPC India) have held discussions to formulate a strategy to increase India’s engineering exports to $250 billion by 2030, with officials suggesting that shipments could potentially reach $300 billion with sustained efforts to improve competitiveness.
The deliberations took place under the government’s Chintan Shivir initiative, bringing together senior policymakers, industry representatives and sector experts to identify opportunities and address challenges affecting engineering exporters.
According to an official statement issued on Friday, Commerce Secretary Rajesh Agrawal highlighted the resilience of India’s engineering sector and called for stronger efforts to enhance the country’s position in global markets. India’s engineering exports exceeded $70 billion during the first half of FY27, registering nearly 20% year-on-year growth, he said.
A key focus of the discussions was expanding international market access through better utilisation of existing free trade agreements (FTAs). Participants stressed that exporters should leverage these agreements more effectively to improve market penetration and strengthen India’s presence in global supply chains.
Ensuring the availability of quality raw materials at competitive prices was another major concern. Industry representatives highlighted the need to build resilient supply chains and secure consistent access to essential inputs to sustain export growth and improve the competitiveness of Indian engineering products.
Department of Commerce Joint Secretary Vimal Anand urged EEPC India to reassess its long-term export ambitions, suggesting that engineering exports could potentially reach $300 billion by 2030. He emphasised that sustained cooperation between the government and industry, combined with continuous improvements in competitiveness, would be essential to achieving this higher target.
EEPC India Chairman Pankaj Chadha expressed confidence in the sector’s growth prospects and underscored the importance of closer coordination between exporters and policymakers. He said engineering exports were on course to surpass the previous financial year’s performance, projecting that overseas shipments could exceed $140 billion in FY27.
The discussions underscored the need for a coordinated approach encompassing trade policy, effective utilisation of FTAs, access to competitively priced raw materials and stronger supply-chain capabilities.
The proposed strategy is expected to help strengthen India’s engineering export ecosystem, improve its competitiveness in international markets and support the sector’s long-term expansion, with the $250 billion target serving as a key milestone towards greater global market participation.