The Engineering Export Promotion Council of India (EEPC India) recently urged the Government of India to reduce income tax rates for non-corporate manufacturing MSMEs in the Union Budget and to expedite the payment of Goods and Services Tax (GST) refunds. The council argued that such measures would improve liquidity and competitiveness of engineering exporters, especially small and medium enterprises.
About EEPC India
The Engineering Export Promotion Council of India (EEPC India) is the premier trade and investment promotion organization for the Indian engineering sector. It works to promote exports of engineering goods and support the global expansion of Indian engineering industries.
The organization was established in 1955 and operates under the sponsorship of the Ministry of Commerce and Industry. Over time, it has emerged as an important advisory body that acts as a bridge between the government and the engineering industry.
Membership and Structure
EEPC India currently has a membership base of more than 13,000 companies, of which around 60% are Small and Medium Enterprises (SMEs). This large membership base reflects the council’s role in supporting MSMEs and strengthening their export potential.
Functions of EEPC India
Export Promotion
EEPC India promotes engineering exports from India by organizing trade fairs, exhibitions, buyer–seller meets, and international marketing initiatives.
Industry–Government Interface
It acts as an interface between the engineering industry and the government, providing policy recommendations and feedback to improve export competitiveness.
Support for MSMEs
The council helps MSMEs upgrade their manufacturing standards, enabling them to meet international quality benchmarks and access global markets.
Global Value Chain Integration
EEPC India encourages Indian firms to integrate with global value chains, which helps increase exports and technological competitiveness.
Research and Knowledge Dissemination
The organization publishes reports, studies, and market analyses to inform its members about global trends, export opportunities, and emerging markets.
Vision and Motto
The motto of EEPC India is “Engineering the Future.” It aims to position India as a major global hub for engineering manufacturing and exports.
Through its activities, EEPC India serves as a reference point for both the Indian engineering industry and the international business community, facilitating trade partnerships and investment opportunities.
Recognition
Due to its significant role in export promotion, EEPC India has been recognized by the Ministry of Commerce and Industry as a “Model Export Promotion Council.”
Significance
The engineering sector is one of the largest contributors to India’s merchandise exports. By supporting exporters, encouraging innovation, and helping MSMEs compete globally, EEPC India plays a crucial role in strengthening India’s export-driven economic growth.
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We provide offline, online and recorded lectures in the same amount.
Every aspirant is unique and the mentoring is customised according to the strengths and weaknesses of the aspirant.
In every Lecture. Director Sir will provide conceptual understanding with around 800 Mindmaps.
We provide you the best and Comprehensive content which comes directly or indirectly in UPSC Exam.