Exports of aircraft parts and other hi-tech items registered an impressive growth during the first quarter of the current fiscal, according to Engineering Export Promotion Council (EEPC). The growth rate in hi-tech parts was nearly 170 per cent rising to $1.5 billion.
The second-best performing sector was non-ferrous metals and metal products which grew 36 per cent at $1.48 billion.
Motor vehicles, two-three-wheelers and other automobile parts was the next best with a growth of 24.52 per cent to $3 billion.
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“We are receiving good orders from most other markets, clearly indicating a performance turnaround in the global economy,’’ said EEPC Chairman Anupam Shah.
The European Union remained the largest market for India’s engineering products and good growth was seen in exports to West Asia and some neighbouring countries. Exports to North America also registered a healthy growth rate.