According to him the survey has revealed that Automobile industry including motorcycles, three wheelers, continue to remain in the negative sales growth category like the earlier quarter.
Electricals like circuit breakers, power transformers, transmission line towers and power cables are in the excellent growth category along with the rubbers hoses and soya oil. Asbestos cement, Industrial valves, Abrasives with electrical fans were all in the high growth category,
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According to the CII-ASCON survey cement, motor stamping, energy meter, capacitors, auto components, ball and roller bearing, polymer, edible oil and textile machinery has shown moderate growth while fertilizer, switchgears, and motor cycles are in the negative growth category.
According to the CII-ASCON survey, out of the 29 sectors reporting sales 4 sector recorded excellent growth, 13 sectors reported high growth, 5 sectors registered moderate growth and 7 sectors registered negative growth.
According to the CII-ASCON latest survey, 3 sectors out of 26 sectors reporting exports were in excellent growth category while 8 sectors have shown high growth. 5 sectors were in the moderate growth category whereas 10 sectors recorded a fall in exports.
Motorcycles, utility vehicles and M&HCV's are sectors performed well on the export front, registering excellent growth.
High growth category includes auto components, ball androller bearings, machine tools, Vehicle industry and industrial valves and the sectors showing negative growth are cement, ceramics, textile machinery, mopeds and scooters.
Dr. Sarita Nagpal, Deputy Director General, CII said that the Survey has shown some positive signs but still lot need to be done to put the Indian manufacturing sector on the excellent growth trajectory. CII's Manufacturing council would work with various stakeholders to facilitate Indian manufacturing sector achieve excellent growth.
Confederation of Indian Industry
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