Outlook for exports of engineering goods looks strong for rest of CY 2021

India's engineering goods exports continued the uptrend and posted a 52.61 per cent increase in June 2021 over the same period last year

With export demand for engineering goods looking strong in the coming months of 2021, continued non-availability of shipping containers could play a bigger spoilsport than even the likely third wave of Covid-19.

“Freights have gone up three times and people are willing to pay as well but there is just no availability of containers. No one knows how to tackle the situation even though the export market looks robust,” Suranjan Gupta, executive director of Engineering Export Promotion Council (EEPC) of India told Business Standard.

As per preliminary official data, EEPC said India's engineering goods exports continued the uptrend and posted