Minister of State of Commerce and Industry Anupriya Patel has said that India is likely to record exports worth $46 billion to the ASEAN region. She noted that as one of the largest destinations for Indian exports, the Association of South East Asian Nations (ASEAN) will be an important region for India in meeting the global export target of $400 billion in financial year 2021-22.
Patel has stated that ASEAN, with over 15 per cent share in India's global engineering shipments, is likely to be a key region to focus with a target of around $16 billion of exports for 2021-22. She also said India's engineering exports to the world during the first four months (April-July) of fiscal 2021-22 was recorded at $35.3 billion and is expected to achieve the target set for fiscal 2021-22 at $105 billion.
The minister emphasized on the need for opening up new avenues of bilateral cooperation in order to enhance engineering trade and investments between India and the ASEAN. She also said this will be instrumental in achieving the landmark export target set by the government both in terms of engineering as well as merchandise exports.
