Need to focus on project exports in developed nations: Piyush Goyal

Project exports refers to setting up of engineering and construction projects overseas. It also includes the export of engineering consultancy

Indian companies must explore engineering and construction projects in developed nations like the US as that carries lower risk and gives better rating, said Commerce and Industry Minister Piyush Goyal on Thursday.

He was referring to project exports that also include the export of engineering consultancy.

“We should not necessarily focus only on projects where there is government funding or lines of credit from the government or which are third world, backward or less developed countries. My sense is if someone gets a project in Europe, US, the risks are much lower and you can price your finances better. This