Manufacturing sector registers high growth during Apr-Dec: CII
Monday, 27 December 2010, 15:14 IST   |    1 Comments
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Manufacturing sector registers high growth during Apr-Dec: CII
New Delhi: Close to doubling in number over the comparable period last year, as many as 50 segments in the manufacturing sector have shown 'excellent growth' of 39 percent in the first nine months of the current fiscal, according to CII-ASCON survey. Of the 127 segments covered by the survey, 22 have made it to the high growth category, showing 17.3 percent expansion during April-December 2010-11. Although there were 27 sectors in this category last year, they do not indicate a decline in overall performance because several of them upgraded to 'excellent' club, which has swelled to 50 from 29. Sectors showing over 20 percent growth fall under the excellent category, while those showing 10-20 per cent expansion are considered 'high' performance category. "The performance of the industry confirms improvement during April-December 2010 compared to the corresponding period of the previous year," the chamber said. Twenty two industries like utility vehicles, crude oil power transformers, energy meters, alcoholic beverages and textile machinery have logged in 10-20 percent growth, the survey said. Those in the excellent category include air conditioners, natural gas, tractors, nitrogen fertilizers, ball bearings, electrical and cable wires, auto components, construction equipment, electric fans and tyre industry. The number of sectors showing moderate and negative growth are 48 and 7 respectively, against 55 and 11 in the same period last year.
Source: PTI
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