9/27/2012 12:08:00 PM
NEWS BRIEFS
India’s Fastener Segment Exports Decline in August

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India’s engineering exports, including fasteners, dropped 9.7% in August to US$4.67 billion, hampered by sluggish demand in the U.S. and EU markets, the Economic Times reports.
“The decline in engineering exports was expected given the global market conditions,” EEPC Chairman Aman Chadha said. 

The U.S. and Europe together account for over 60% of India’s total engineering exports, which include transport equipment, capital goods, other machinery/equipment and light engineering products.

From April through August 2012, engineering exports declined 11% to about US$20 billion, according to ChinaFastener.Info. ©2012 GlobalFastenerNews.com

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