New Delhi: The value of machinery and spare parts exported from India to Germany increased fourfold to Rs 35,900 crore last year.
What is the maximum export from India to Germany
This was stated by Rajesh Nath, Managing Director of the German Engineering Federation, who participated in the ‘Lokimat India 2025’ exhibition held in Mumbai for the past three days. He also said that the machinery sector continues to play a key role in trade between the two countries. He further said.,
In 2023, Indian machinery and spare parts exports to Germany crossed Rs 8,700 crore for the first time. Last year, it increased more than four times to nearly Rs 35,900 crore. Its exports are expected to continue to register double-digit growth in the coming years.
Trade between the two countries is currently at Rs 2.73 lakh crore. Of this, 32 percent is in the machinery sector. Trade between India and Germany is on a good track with an annual growth of 8 to 10 percent. This growth is expected to continue in the coming years.
He said this.
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