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India-ASEAN Engineering Partnership Summit 2021

Published on August 31, 2021
Current Context: The India-ASEAN Engineering Partnership Summit 2021 was inaugurated by Union Minister of State for Commerce and Industry, Anupriya Patel.
India-ASEAN Engineering Partnership Summit 2021
  • The summit was organized by Engineering Exports Promotion Council (EEPC) with support from the Ministry of External Affairs and the Department of Commerce.
  • The objective of the summit was to discuss collaborations in the engineering sector.
  • It was the major platform to discuss the involvement of Indian industries in engineering trade and investments areas at the ASEAN level.
  • The summit allowed the dignitaries to discuss the export target set by GOI in the engineering and merchandise exports domain.
  • At the summit, Union Minister Anupriya Patel mentioned that ASEAN has a 15% share in India’s global engineering shipment and will soon be the vital one to focus to attain a target of around USD 16 billion of exports for 2021-22.
  • ASEAN will become a vital region for India to attain its target of USD 46 billion in export in order to meet the global export target of USD 400 billion in FY 2021-22.
  • She also mentioned that GOI is taking major steps for foreign direct investment. She highlighted the newly approved Production-Linked Incentive (PLI) Scheme which covers the major 13 sectors in order to attract investments and boost India’s manufacturing sector.
  • Static Part: 
    • HQ of ASEAN: Jakarta, Indonesia

Question: 

Q.1 Which entity organized India-ASEAN Engineering Partnership Summit 2021?
a. Export Credit Guarantee Corporation of India
b. Federation of Indian Export Organisations
c. NASSCOM
d. Engineering Exports Promotion Council

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