Financial Daily from THE HINDU group of publications
Monday, Oct 04, 2004
Financial Daily from THE HINDU group of publications Monday, Oct 04, 2004 |
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Industry & Economy
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Engineering EEPC's concern over project exports Our Kolkata Bureau
The Engineering Exports Promotion Council (EEPC), whose members accounted for exports of $10 billion in 2003-04, is of the view that industrial projects exporters can be best served by only it. Expressing concern over the move to bring project export activities under the purview of the erstwhile Overseas Construction Council of India, which has been renamed as Project Export Promotion Council of India (PEPC) with effect from July 2004, the chairman of EEPC, Mr Rakesh Shah, has appealed to the Commerce Ministry to reconsider this decision. Mr Shah is of the view that bringing turnkey projects, industrial projects, capital goods and services within the purview of PEPC contradicted with the very logic which supported the formation of a separate council for civil projects. According to Mr Shah, some 30 per cent of engineering goods comprise of turnkey projects, capital goods and services, and EEPC has been serving these exporters to full satisfaction. The earlier OCCI was formed as it was felt that civil projects were totally different from engineering goods and industrial projects.
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