Exports to the U.S. and the European Union was likely to decline, especially during the current financial year, as incoming orders had slowed down and the number of buyers who placed bulk orders was coming down.
Latin American countries that were importing from the U.S. and Europe were now looking at direct imports from India and China to bring down costs. Considering this factor, the EEPC was planning to organise more export promotional events in the LA and CIS countries.
It would organise a multi-product trade delegation with focus on pumps, valves and compressors. The delegation would visit Argentina, Brazil, Chile and Colombia.
The EEPC would also organise an exhibition in Brazil in October in co-ordination with MERCOPAR, one of the largest industrial exhibitions. About 150 Indian companies, mostly small and medium-scale enterprises, would participate. It would also set up India Pavilions at international exhibitions to be held in Chile, Mexico, Ukraine, Uzbekistan and Russia this year.
R.K. Mutha, who was recently elected chairman of the EEPC India for Southern Region, said the aim was to bring more Indian SMEs to the export market.The export promotion events would be organised in association with the local chambers and Industries’ Departments.
Training programmes would also be held for the exporters in the Southern Region on export-import related topics. The first one would be conducted in Chennai on April 19 on “Export-Import Related Excise Matters”.