Israel Ranks at 12th Position Among India's Engineering Export Destination

Engineering exports to Israel have gone up by a whopping 640 per cent, or more than six times in April, 2017 over the same month last year, a key economic development which augurs very well for the Prime Minister Mr Narendra Modi's impending visit to Israel, according to EEPC India.

As against engineering exports of just about USD 20 million in April, 2016, the shipments of these goods have gone up immensely to USD 146.42 million in April this fiscal.

Moreover, Israel ranks at 12th position among India's engineering export destination and has figured prominently among the top 25 destinations, as per the latest data analysis done by the EEPC India.

"It is a matter of great satisfaction that engineering exports to Israel are doing so well , just ahead of the Prime Minister's impending visit . The fact that Mr Modi would be the first Indian Prime Minister to visit Israel is a great positive for the Indian industry and exporting community," said Chairman of the apex engineering exporters' organisation, Mr T S Bhasin.

He said the Indian engineering industry can enhance its level of engagement with Israel in a number of high-tech areas like defence production, steel, automobile and auto components, aircraft components and ship-building and ship boats.

In fact, bulk of the engineering exports to Israel for the month of April are listed against the broad group of ' Ships, boats, floating structures and parts', USD 122 million.