Home / Knowledge / News / Textiles / Sharp fall in capital goods production
Sharp fall in capital goods production
14
Mar '08
The further decline in Index of Industrial Production (IIP) for the Month of January is a cause for concern, said CII in a press release issued.

The IIP growth during April – January 2007-08 has declined to 8.7% when compared to 11.2% IIP growth during 2006-7. Tight monetary policy resulting in high interest rates have been the major factor contributing to the decline in IIP growth, said CII.

CII notes that the decline in capital goods production is also a cause for concern, which came down to 2.1% in January 2008 when compared to a growth of 16.3% in January 2007.

The decline in capital goods production could be attributed to decline in growth of IIP of key sectors such as electricity and manufacturing and decline in production of consumer durables sector since April 2007.

The decline in growth of IIP particularly in manufacturing, electricity and consumer durables would have an impact on the investment decisions leading to decline in IIP growth of Capital Goods.

The further decline in consumer goods in the month of January 2008 to –3.1% and 1.7% for the period April – January 2007-8 is also a serious cause for concern.

CII believes that consumer durables sector is highly sensitive to demand conditions, which are currently under stress due to high interest rates.

The recent appreciation of the rupee has also made imports cheaper and has contributed to stock pileup for domestic producers thus leading to a lagged impact on production.

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Nitin Bhatia
Trend Arrest

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

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner
Devereux

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search