Engineering Export Promotion Council of India (EEPC India) Latest News
The Engineering Export Promotion Council of India (EEPC) recently demanded lowering of income tax for non-corporate manufacturing MSMEs in the Union Budget and expediting payment of GST refunds.
About Engineering Export Promotion Council of India (EEPC India)
- It is the premier trade and investment promotion organization in India, catering to the Indian engineering sector.
- Sponsored by the Ministry of Commerce & Industry, it actively contributes to the policies of the Government of India as an advisory body and acts as an interface between the engineering industry and the government.
- Set up in 1955, EEPC India now has a membership base of over 13,000, out of whom 60% are SMEs.
- EEPC India facilitates sourcing from India and encourages MSMEs to raise their standard at par with international best practices.
- It also encourages MSMEs to integrate their business with the global value chain.
- Motto: Engineering the Future
- It serves as the reference point for the Indian engineering industry and the international business community in its efforts towards establishing India as a major engineering hub in the future.
- EEPC India publishes several reports/studies to make its members aware of international trends and opportunities in order to enhance their global footprint.
- EEPC India is regarded as the Model Export Promotion Council in India by the Ministry of Commerce and Industry.
Source: TH
Engineering Export Promotion Council of India (EEPC India) FAQs
Q1: What is the Engineering Export Promotion Council of India (EEPC India)?
Ans: EEPC India is the premier trade and investment promotion organisation for the Indian engineering sector.
Q2: Which Ministry sponsors Engineering Export Promotion Council of India (EEPC India)?
Ans: EEPC India is sponsored by the Ministry of Commerce & Industry.
Q3: What role does Engineering Export Promotion Council of India (EEPC India) play in government policymaking?
Ans: It contributes to government policies as an advisory body and acts as an interface between the engineering industry and the government.
Q4: When was Engineering Export Promotion Council of India (EEPC India) established?
Ans: Engineering Export Promotion Council of India (EEPC India)