Manufacturing sector records higher exports

Monday, 24 January 2005, 08:00 Hrs
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NEW DELHI: India's manufacturing industry is experiencing higher export growth, with motor vehicles, colour televisions, plastics and auto components driving "excellent" results, according to a survey.

While 18 sectors showed "excellent" exports growth, 16 registered "high" and 10 "moderate" growth, the survey conducted by the Associations Council of the Confederation of Indian Industry for April-December 2004 released here Sunday said.

Plastics, auto components, ball and roller bearings, fluid power, diesel engines, industrial furnace, sugar machinery, cars, colour TV, light commercial vehicles and heavy commercial vehicles, mopeds, motorcycles, utility vehicles, scooters, electrical fans, drugs and pharmaceuticals were the sectors that showed excellent growth, the survey said.

The survey highlights certain specific problems like high input prices, lengthy procedures for obtaining export benefits, capacity under utilisation and unrestricted second hand goods import which it said were restricting to some extent, the potential growth in Indian manufacturing industry.

"On the export front, the Indian manufacturing industry is experiencing higher growth compared to the last quarter results. The latest survey indicates that 18 sectors have shown excellent growth in exports. There were 16 sectors in the high growth category, 10 sectors recorded moderate growth, while 9 sectors registered a fall in exports," it said.

According to the survey, out of the 68 sectors reporting sales, 18 sectors registered excellent growth,19 sectors registered high growth, and 25 sectors reported moderate growth while six sectors recorded low or negative growth.

During the corresponding period last year, six sectors had recorded excellent sales growth, 21 recorded high growth rate, and 40 recorded moderate growth rates while 9 sectors had registered negative growth.

It said out of the total of 134 sectors reporting production, 30 sectors recorded an excellent growth rate of more than 20 percent. 42 sectors recorded a high growth rate of 10-20 percent, 48 sectors registered moderate growth rate of 0-10 percent while 14 sectors reported negative growth."

"During the corresponding period in the previous year, only 22 sectors had recorded excellent growth, 46 recorded high growth, 57 sectors reported moderate growth and 20 sectors had registered negative growth," it added.

Source: IANS
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