Home / Knowledge / News / Textiles / FICCI suggests Growth Package for manufacturing sector
FICCI suggests Growth Package for manufacturing sector
19
Feb '08
In order to address the current slowdown in the Indian manufacturing sector, FICCI has suggested a growth package that includes recommendations for both short and long term.

According to FICCI Survey on Manufacturing Sector, while the slowdown in Indian manufacturing sector is not pervasive and has affected only some sectors, but it is a cause for concern. FICCI said that the slowdown may continue for some more time given the current economic scenario.

In its recommendations, FICCI suggested stimulating consumption/demand; reducing interest rates; no further cuts in custom duty on manufactured goods; relief package for exporters; increasing rate of depreciation; reducing corporate tax rate; appropriate raw material policies; capacity building of SMEs; improving regulatory environment; skill development and improving infrastructure as measures to boost the growth of manufacturing sector.

Almost 50% respondents in FICCI Survey reported slowdown in their sector in the last few months which has significantly affected the investment plans of manufacturers in some sectors.

FICCI Survey observed that investment plans have been affected in sectors like textiles, machinery components, electrical products, project equipments, machinery, pressure vessels, tanks, heat exchangers, thermal transfer equipments.

Besides investment plans, FICCI Survey noted that operating capacities have been affected to the extent of even 25% in the last few months vis-à-vis last year in a few manufacturing sectors like food processing, electrical products, chemicals & dyes, builders hardware, boilers, tanks etc as a result of slowdown.

Click here to view more:

Federation of Indian Chambers of Commerce and Industry


Must ReadView All

Textiles | On 22nd Aug 2017

Cotton yarn futures trading begins in China’s Zhengzhou

Cotton yarn futures trading recently began on the Zhengzhou Commodity ...

Textiles | On 22nd Aug 2017

PTEA concerned over sluggish textile sector growth

The Pakistan Textile Exporters Association (PTEA) has expressed...

Textiles | On 22nd Aug 2017

Asian Propylene prices march higher last week

Propylene prices went up in Asia in the last week due to tight supply ...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search