PTI
New Delhi: The President of India, Smt Droupadi Murmu, today graced the EEPC India's Platinum Jubilee Celebrations in New Delhi.
In her address, the President stated that the country's engineering sector provides the strength and momentum to propel the Indian economy forward on its growth trajectory and advance with confidence towards the vision of a Viksit Bharat by 2047.
Highlighting the key role of the engineering sector, she said that India's engineering exports have grown from $70 billion to over $116 billion over the last ten years, and considering the challenges in international trade during this period, the achievement is quite commendable.
The President remarked that EEPC India acts as a bridge between the international market and Indian producers. Hence, it should continuously expand India and its industry's role in the global value chain.
She said that the role of EEPC India gets even more pronounced in the light of changing global trade and economic order.
The President congratulated EEPC India on completing 70 years of continuous contribution to the country's economy.
She noted that the Aatma Nirbhar Bharat Abhiyan launched during the COVID pandemic has yielded far-reaching benefits.
"The way India faced the challenges posed by the COVID-19 pandemic and the self-confidence it displayed by overcoming the problems and enhancing the nation's capability remains an inspiring example for the world," she stated.
The President said that many reputed international organizations are today presenting the strength of the Indian economy to the global community on the basis of facts and logic.
She said that the Comprehensive Economic and Trade Agreement (CETA) signed between India and the UK in the month of July this year will take nearly 56 billion US dollars worth of merchandise and service trade between the two countries to a new level.
The President also underlined the role of MSMEs and said that their contribution to the economy has been commendable. She noted that high-quality engineering services and products at low cost are India's great strength.
The President stated that the world's big companies have their global capability centres in India and called for making India a global innovation centre.
"While we have to export more, develop more, progress more, and become a developed nation by 2047, at the same time, we have to make the earth more beautiful," the President concluded.
Marking the key milestone in the journey of the country's apex engineering exports promotion body, the President released a customized My Stamp on the Platinum Jubilee Celebrations of EEPC India.
A Coffee Table Book titled “EEPC India: 70 Years” was presented to the Hon’ble President of India on the occasion of EEPC India's Platinum Jubilee Celebrations. The book was formally released by the Hon’ble President along with Union Commerce Minister Piyush Goyal, MoS for Commerce and Industry Jitin Prasada, Union Commerce Secretary Sunil Barthwal, and EEPC India Chairman Pankaj Chadha.
Speaking on the occasion, Piyush Goyal, Union Minister for Commerce and Industry, said that engineering exports have, over the last 70 years grown impressively, reaching USD 116 billion from just USD 10 million in 1955. "The engineering sector is all set to grow further," he said. The minister called for making high-value products and gaining greater trust of the world when it comes to manufacturing quality products.
Goyal said that under the leadership of Prime Minister Narendra Modi, India has become one of the top five economies of the world from being one of the Fragile Five economies in 2014. "India has been the fastest-growing major economy for the last four years. In the first quarter of the current fiscal year, the GDP growth reached 7.8%," he said.
Goyal said that the present size of the Indian economy is $4 trillion, and in the coming two and a half years, it would become the third-largest economy globally. Further, he said that the size of the Indian economy would be at least $30 trillion by 2047.
Referring to the GST Council's rate rationalisation decision on September 3, 2025, he said that the move is a comprehensive reform and transformational. "The rate cuts, along with simplification, will significantly boost domestic consumption and give further momentum to the economy. It will create more employment and increase people's earnings," he said.
The Union Minister called for the Swadeshi movement and advocated self-reliance across the industrial sectors.
In his address, Minister of State for Commerce & Industry, Jitin Prasada, said that Export Promotion Councils have been the backbone of India’s outward-looking trade strategy, serving as vital bridges between industry and government, and between India and the world. "Among them, EEPC India has stood out as a true leader. Over the past seven decades, it has carried forward the proud legacy of Indian engineering exports, nurturing small and medium enterprises, guiding them towards global markets, and ensuring that Indian engineering is recognized for its quality, reliability, and innovation," he said.
He noted that with a real GDP growth of around 6.5% in the financial year 2025, India has demonstrated remarkable resilience, even amid global headwinds and geopolitical uncertainties.
"A key driver of this journey is our export performance. Over the last decade, India’s exports have grown by nearly 76%, reaching a historic high of about USD 821 billion in 2024-25, combining both merchandise and services exports," Prasada said.
In his remarks, Pankaj Chadha, Chairman, EEPC India, said that the export numbers clocked by the engineering sector reflect its resilience. He, however, noted the challenges being faced by the sector.
"Our largest export destination, the United States, has imposed tariffs of nearly 50% on most engineering products under new trade measures. This is a major setback for exporters who have built relationships with U.S. buyers over decades," he said.
"Our second-largest market, the European Union, presents multiple challenges. From January 1, 2026, the Carbon Border Adjustment Mechanism (CBAM) will come into effect, requiring exporters to account for carbon emissions and pay a carbon price to access the EU market. In addition, the EU has extended its safeguard measures on steel until June 2026, with strict tariff-rate quotas (TRQs)," Chadha added.
EEPC India has been the face of Indian engineering exports over a span of 70 years. It is regarded as the model EPC in India by the Union Ministry of Commerce and Industry. EEPC India is the premier trade and investment promotion organisation in India. It is sponsored by the Ministry of Commerce & Industry, Government of India, and caters to the Indian engineering sector.
In her address, the President stated that the country's engineering sector provides the strength and momentum to propel the Indian economy forward on its growth trajectory and advance with confidence towards the vision of a Viksit Bharat by 2047.
Highlighting the key role of the engineering sector, she said that India's engineering exports have grown from $70 billion to over $116 billion over the last ten years, and considering the challenges in international trade during this period, the achievement is quite commendable.
The President remarked that EEPC India acts as a bridge between the international market and Indian producers. Hence, it should continuously expand India and its industry's role in the global value chain.
She said that the role of EEPC India gets even more pronounced in the light of changing global trade and economic order.
The President congratulated EEPC India on completing 70 years of continuous contribution to the country's economy.
She noted that the Aatma Nirbhar Bharat Abhiyan launched during the COVID pandemic has yielded far-reaching benefits.
"The way India faced the challenges posed by the COVID-19 pandemic and the self-confidence it displayed by overcoming the problems and enhancing the nation's capability remains an inspiring example for the world," she stated.
The President said that many reputed international organizations are today presenting the strength of the Indian economy to the global community on the basis of facts and logic.
She said that the Comprehensive Economic and Trade Agreement (CETA) signed between India and the UK in the month of July this year will take nearly 56 billion US dollars worth of merchandise and service trade between the two countries to a new level.
The President also underlined the role of MSMEs and said that their contribution to the economy has been commendable. She noted that high-quality engineering services and products at low cost are India's great strength.
The President stated that the world's big companies have their global capability centres in India and called for making India a global innovation centre.
"While we have to export more, develop more, progress more, and become a developed nation by 2047, at the same time, we have to make the earth more beautiful," the President concluded.
Marking the key milestone in the journey of the country's apex engineering exports promotion body, the President released a customized My Stamp on the Platinum Jubilee Celebrations of EEPC India.
A Coffee Table Book titled “EEPC India: 70 Years” was presented to the Hon’ble President of India on the occasion of EEPC India's Platinum Jubilee Celebrations. The book was formally released by the Hon’ble President along with Union Commerce Minister Piyush Goyal, MoS for Commerce and Industry Jitin Prasada, Union Commerce Secretary Sunil Barthwal, and EEPC India Chairman Pankaj Chadha.
Speaking on the occasion, Piyush Goyal, Union Minister for Commerce and Industry, said that engineering exports have, over the last 70 years grown impressively, reaching USD 116 billion from just USD 10 million in 1955. "The engineering sector is all set to grow further," he said. The minister called for making high-value products and gaining greater trust of the world when it comes to manufacturing quality products.
Goyal said that under the leadership of Prime Minister Narendra Modi, India has become one of the top five economies of the world from being one of the Fragile Five economies in 2014. "India has been the fastest-growing major economy for the last four years. In the first quarter of the current fiscal year, the GDP growth reached 7.8%," he said.
Goyal said that the present size of the Indian economy is $4 trillion, and in the coming two and a half years, it would become the third-largest economy globally. Further, he said that the size of the Indian economy would be at least $30 trillion by 2047.
Referring to the GST Council's rate rationalisation decision on September 3, 2025, he said that the move is a comprehensive reform and transformational. "The rate cuts, along with simplification, will significantly boost domestic consumption and give further momentum to the economy. It will create more employment and increase people's earnings," he said.
The Union Minister called for the Swadeshi movement and advocated self-reliance across the industrial sectors.
In his address, Minister of State for Commerce & Industry, Jitin Prasada, said that Export Promotion Councils have been the backbone of India’s outward-looking trade strategy, serving as vital bridges between industry and government, and between India and the world. "Among them, EEPC India has stood out as a true leader. Over the past seven decades, it has carried forward the proud legacy of Indian engineering exports, nurturing small and medium enterprises, guiding them towards global markets, and ensuring that Indian engineering is recognized for its quality, reliability, and innovation," he said.
He noted that with a real GDP growth of around 6.5% in the financial year 2025, India has demonstrated remarkable resilience, even amid global headwinds and geopolitical uncertainties.
"A key driver of this journey is our export performance. Over the last decade, India’s exports have grown by nearly 76%, reaching a historic high of about USD 821 billion in 2024-25, combining both merchandise and services exports," Prasada said.
In his remarks, Pankaj Chadha, Chairman, EEPC India, said that the export numbers clocked by the engineering sector reflect its resilience. He, however, noted the challenges being faced by the sector.
"Our largest export destination, the United States, has imposed tariffs of nearly 50% on most engineering products under new trade measures. This is a major setback for exporters who have built relationships with U.S. buyers over decades," he said.
"Our second-largest market, the European Union, presents multiple challenges. From January 1, 2026, the Carbon Border Adjustment Mechanism (CBAM) will come into effect, requiring exporters to account for carbon emissions and pay a carbon price to access the EU market. In addition, the EU has extended its safeguard measures on steel until June 2026, with strict tariff-rate quotas (TRQs)," Chadha added.
EEPC India has been the face of Indian engineering exports over a span of 70 years. It is regarded as the model EPC in India by the Union Ministry of Commerce and Industry. EEPC India is the premier trade and investment promotion organisation in India. It is sponsored by the Ministry of Commerce & Industry, Government of India, and caters to the Indian engineering sector.
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