India among top 20 suppliers globally of Builder Hardware: MoS Commerce Som Prakash

New Delhi, Oct 6 (KNN) The Builder Hardware sector is another performer making India as one of the top 20 suppliers with a 1.2 percent share in the world builder hardware export pie.

Speaking at ‘Builder Hardware Expo’ organized virtually by  the Engineering Exports Promotion Council (EEPC) India Minister of State of Commerce & Industry Som Parkash said that builder hardware products from India have considerable demand across the continents.

"Builder hardware industry is linked to the construction equipment industry where the revenue was valued at USD 6.5 billion in 2020 and the construction market is expected to be the third largest globally by 2025," said B B Swain, Secretary, Ministry of Micro, Small and Medium Enterprises (MSME).

India is the 17th largest supplier of builder hardware products and is on its way to fulfil the government ambition to become a global manufacturing hub of builder hardware products.

Swain stated that EEPC India with more than 60 per cent of its members representing MSME sector took several initiatives even during pandemic to provide global interaction opportunities to small players in the form of webinars and virtual Expos.

"The Government of India has been proactive to ensure that all the benefits of the MSME schemes reach the intended beneficiaries in time," said Swain.

EEPC India Chairman Mahesh Desai said that the four-day virtual Expo would provide opportunity to the Indian exhibitors to display  an array of over 200 domestic builder hardware products to overseas buyers from nine focus regions and trade blocs.

"The buyers would comprise contractors, builders, building engineers, architects, landscape artists, interior designers, consultants and project management professionals," he said.

Speaking at the Expo, EEPC India Vice Chairman Arun Kumar Garodia said India belongs to the league of leading builder hardware manufacturing and exporting nations.

"The Government of India has now set a National Mission of merchandise exports to reach USD 400 billion within this fiscal, USD 500 billion by FY-24 and USD 1 trillion by FY-28 by making Indian products the only choice for global buyers," he said.