EEPC India

• It is the trade and investment promotion organization for the engineering sector, sponsored by the Ministry of Commerce & Industry.
• It was established in 1955 and now has more than 12,000 members, with SMEs (Small and Medium Enterprises) accounting for 60% of the total.

Function

• As an advisory body, it actively contributes to policy development for the Union Government, acting as the link between the engineering industry and the government.
• It organizes buyer-seller meetings (BSMs), overseas trade fairs/exhibitions, India pavilions/information booths at select international exhibitions, and supports the India Engineering Exhibition (INDEE).
• It organizes the India Engineering Sourcing Show (IESS) to highlight technology and connect global buyers and sellers.
• It publishes several reports/studies on international trends and opportunities.

Significance 

• It has played an important role in developing the nation's capabilities in a variety of engineering sectors, including mobility, capital goods, and steel.
• It has set a target of $300 billion in exports by 2030.
• It started a monthly magazine "ie2" to cover current trends of the global economy, international trade and the Indian Economy.
• It has opened two technology centres in Bangalore and Calcutta and conducts regular programmes on technology developments and modules.

PRACTICE QUESTION

Q.Consider the following statements in the context of the Engineering Exports Promotion Council (EEPC) India:

1. EEPC India is the trade and investment promotion organization for the engineering sector sponsored by the Ministry of Finance.

2. It started a monthly magazine named "ie2" to cover current trends of the global economy.

Which of the above statements is/are correct?

A) 1 only

B) 2 only

C) Both 1 and 2

D) Neither 1 nor 2

Answer: B

Explanation:

Statement 1 is incorrect:

EEPC India is a trade and investment promotion organization for the engineering sector, sponsored by the Ministry of Commerce and Industry. It was established in 1955, EEPC India now has over 12,000 members.

Statement 2 is correct:

EEPC India launched a monthly magazine called "ie2" that covers current trends in the global economy, international trade, and the Indian economy.