A commemorative postage stamp on the Engineering Export Promotion Council (EEPC ) of India (1955-2015) :
Issued by India
Issued on Nov 24, 2015
Issued for : Department of Posts is pleased to release a commemorative postage stamp on EEPC India.
Stamp/FDC/Cancellation Cachet : Alka Sharma
Type : Stamp, Mint Condition
Colour : Multicolour
Denomination : 500 Paise
Stamps Printed : 0.6 Million
Printing Process : Wet Offset
Printer : Security Printing Press, Hyderabad
- EEPC India (formerly Engineering Export Promotion Council) was set up in 1955, under the sponsorship of the Ministry of Commerce, Government of India, for promoting exports of engineering good, projects and services from India. EEPC India, which started out in a small way with few members, has established itself as the largest export promotion council in the country in the last five decades. Today EEPC India has a membership of around 13,000 engineering firms covering the entire spectrum of India’s engineering industry which consists of large corporate houses, small and medium enterprises, and trading companies. EEPC India is the first export promotion organisation in the country to have received the ISO 9002 certification and also the first organisation in the country to have achieved ISO 9001: 2000 certification for designing and organising Indian Engineering Exhibitions (INDEEs) abroad.
- Since its inception in 1955, the EEPC India has played a pivotal role in transforming the profile of India’s engineering exports sector. Indian engineering exports have risen from a mere US$ 10 million in 1956-57 to US$ 62 billion in 2013-14.
- Moreover, Indian engineering industry is the largest segment of the Indian industrial sector. The engineering industry accounts for over 3 per cent of India’s GDP, for 25 per cent (as on 2011-12) of the total factories in industrial sector and represents 63 per cent of the overall foreign collaborations. The country is increasingly attaining global recognition especially for its low-cost, high-tech frugal innovation technology, according to a World Bank study named ‘Unleashing India’s Innovations’. International companies are outsourcing industrial engineering design tasks to India in sectors like semiconductors, automotive hybrid technologies, next-gen routers in telecom, power generation equipments, aerospace, avionics and consumer electronics, besides setting up research and development (R&D) centres in India.
- The marketing activities of the Council are manifold. In addition to direct marketing, structured promotional events are organised on a regular basis to create awareness among exporters. These promotional activities comprise product specific delegations to targeted countries, organising exclusive Indian Engineering Exhibition overseas, participation in specialized trade fairs and catalogue shows overseas, Buyer-Seller Meets, and product-specific seminars/conferences in India and abroad.
- To create awareness on India’s rapid progress in the engineering sector, EEPC India organises exclusive Indian Engineering Exhibitions known as INDEE. These exhibitions are primarily meant for projecting the transformation of the Indian engineering industry from a supplier of low-value, labour-intensive products to technologically advanced items comparable with products of the developed nations. EEPC India has organised exclusive INDEEs in Singapore, Bangkok, Nairobi, Lagos, Colombo, Cairo, Caracas, London, Melbourne, Addis Ababa, Sao Paolo, Almaty, Jakarta, Mexico City, Johannesburg, St Petersburg, Kuala Lumpur and Shanghai. EEPC India also regularly participates in several Catalogue Shows where Information Booths are used to display and distribute product catalogues of Indian companies. To promote sourcing from India, EEPC India has also organized Indian Engineering Sourcing Shows (IESS) in India and the India Shows of the Government of India. This Multi-pronged approach in engineering exhibitions and trade fairs has proved to be very productive both for Indian exporters and foreign buyers.
- EEPC provides a range of services to overseas buyers free of cost to facilitate the procurement of products from India. These include helping to identify suppliers in India who conform to the needs of buyers, arranging visits of overseas buyers, exploratory business missions and trade; delegations to India, providing suppliers’ profile and status report on request, assisting in establishing collaboration for third country exports, creating awareness among overseas buyers on India’s technical competence and supply capabilities, acquainting buyers with the business climate and policies in India, and, helping to amicably settle trade disputes and remove operational constraints.
- Text : Based on the material received from proponent.