New Delhil. Feb 3: The Indian engineering industry is upbeat about long term growth and hopes to significantly increase its share in the export market following Prime Minister Narendra Modi’s encouraging words at Bharat Mobility Global Expo 2024.
EEPC India Chairman Mr Arun Kumar Garodia said that the engineering sector is enthused by PM’s confidence in the industry and hoped that Indian engineering exports could reach US$ 300 billion by 2030.
Mr Garodia said that as envisioned by Hon’ble Prime Minister Shri Narendra Modi, India is all set to become a developed country and engineering sector will play a pivotal role in it.
“As the country’s mobility sector transformation is underway, the engineering sector is adopting technology and innovation to ensure that India leads the world in Industry 4.0. The engineering sector would play a key role in India becoming a global export hub,” Mr Garodia said.
Responding to the call given by the Prime Minister, the EEPC India Chairman said that the engineering sector seeks to capitalize the unprecedented growth momentum in the mobility sector.
He underlined that massive infrastructure building by the government would give a big boost to multi-modal connectivity, lower cost of logistics and make Indian goods competitive globally.
In his address at Bharat Mobility Global Expo on February 2, Prime Minister Shri Narendra Modi said that the numbers of growing economy and the growing income are bound to infuse new confidence in the mobility sector.
The Expo is an industry led and government supported initiative. It is being coordinated by EEPC India with the joint support of various stakeholder industry bodies.