<ul><li>India's engineering exports sector is facing fierce competition from China as both countries look to expand into overlapping markets.</li><li>The United States' tariff regime is not showing signs of easing, which could result in losses of $4-5 billion for Indian engineering exporters.</li><li>China is also targeting new markets such as Latin America, Central America, West Africa, and North Africa, posing intense competition for India.</li><li>The Engineering Export Promotion Council (EEPC) has cautioned exporters against falling for tariff evasion tactics and emphasized the need for de-risking and finding fresh markets.</li></ul>

Foreseeing Fierce Competition With China In New Markets As We De-Risk From US: EEPC Chairman Pankaj Chadha

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