Overview

• President Droupadi Murmu urged turning global trade challenges into opportunities and called for making India a global innovation centre.
• She asked EEPC to deepen India’s role in global value chains, noting engineering exports have risen from about $70 billion to over $115 billion in the past decade.
• Commerce minister Piyush Goyal pressed industry to build stronger domestic supply chains under Atmanirbhar Bharat and to prioritize quality under the “Zero Defect, Zero Effect” motto.
• EEPC chairman Pankaj Chadha cautioned that the United States has imposed tariffs near 50% on most engineering products and that the EU’s Carbon Border Adjustment Mechanism will apply from January 1, 2026.
• To reach long‑term goals, including $1.25 trillion by 2047, EEPC promoted a 5Es plan focused on moving up the value chain, diversifying markets, green manufacturing, MSME support, and digital transformation.