India eyes greater share of Turkey’s market for engineering exports

In order to further penetrate into a fast growing Turkish market for Indian engineering and technology products, EEPC India is participating in the ‘MAKTEK Euroasia’ in Istanbul, billed as Turkey’s flagship platform for global engineering firms.
As many as 13 leading companies from India will be part of the EEPC India delegation at the highly advanced industrial event between October 14-19, 2014.
Turkey is among the top 10 destinations of the Indian engineering exports with shipments exceeding $750 million in the April-August period of the fiscal 2014-15. The annualized growth of engineering exports to Turkey was an impressive 81 per cent during this period.
“The last few years have witnessed a complete turnaround in the way India is perceived by the global community. It has come to be known as the country which can produce high-tech engineering and technologically advanced products and has emerged as the supplier of preference to several top global manufacturing giants,” chairman of the EEPC India, (formerly Engineering Export Promotion Council ), Anupam Shah said.
During the fiscal 2013-14, India exported about $62.22 billion worth of engineering goods, 9.51 per cent higher than $56.81 billion in 2012-13.
MAKTEK Eurasia is one of the most important exhibitions for the manufacturers of machine tools, the basic production of the machinery industry and manufacturing industry.
India’s capabilities in the high value added Machine Tool Sector and the fact that Turkey was selected as one of the focus countries by the relevant industry associations in IMTMA.
World’s leading manufacturers will come together at the MAKTEK Eurasia 2014 Fair. More than 1,000 companies and company representatives from Turkey and all around the world will participate in the event, giving an opportunity to Indian participants to network and increase their international presence.
The fair is one of the most preferred exhibitions with national groups from Germany, France, Spain, China, UK and Taiwan actively participating. Europe is the most important component of foreign trade, followed by the Middle East, Asian countries, the Far East and America.