Kolkata, Oct 16 (UNI) India is expected to earn some US$ 20 billion by exporting finished engineering goods to African countries by 2020, Engineering Export Promotion Council (EEPC) Chairman Rakesh Shas today said.
Mr Shas said as per the growth rate, the engineering export to South Africa, having 25 per cent GDP rate, was up by 45 per cent at US$ 736.58 million in 2006-07 and the rate was going up and up every year.
Announcing the EEPC's mega Industrial exhibition - INDEE in Johannesburn, South Africa, from October 23 to 26, Mr Shas said around 175 industrial houses would take part, adding it is expected to bring good business for India.
The INDEE-Johannesburg 2007 is the 17th in the series of such exhibition, organised by the EEPC, the apex body of Indian engineering exporters, in coordination with MTI 2007.
India is the partner country of manufacturing Technologies International (MTI), which is a focussed exhibition that provides opportunity to source industrial products.
Big houses like TATA, Kirloskar, ISRO, Ashok Leyland, SAIL are some of the 175 companies, which have already initiated gound work to exhibit their products in Johannesburg, Mr Shas said.
The exhibition will be inaugurated by Minister of State for Industry Ashwani Kumar on October 23 and Dr Goolam Essop Pahad, Minister in Presidency and Ms elizabeth Thabethe, Deputy Minister for Trade, South African government, will also be present.