Engineering set to grow to $24 bn

Engineering, one of India Inc’s largest sectors, is set to grow to $24 billion in the current year, while the emerging area of engineering process outsourcing (EPO) services has a potential to exceed $40 billion by 2020, commerce and industry minister Kamal Nath said here on Tuesday.
“The engineering sector has performed well on the export front. The total export earnings were $20 billion in 2005-06 and is set to grow to $24 billion in the current year clocking a growth of 40%”, he said at the golden jubilee celebrations of engineering export promotion council (EEPC).

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