The 15 percent growth in revenue last fiscal was possible due to the 44 percent growth in the first six months of the fiscal, Shah said.

Anupam Shah, vice-chairman of the council, said: 'The risk perception of exports is very high today.'

EEPC India has submitted a draft proposal to the central government asking for a corpus of Rs.500 crore to modernise the industry and make engineering units more competitive.

'The finance minister (Pranab Mukherjee) is actively considering this,' said Rakesh Shah.

EEPC has around 12,000 members.