Home / Knowledge / News / Textiles / Manufacturing sector to see growth in April-June 2009
Manufacturing sector to see growth in April-June 2009
Mar '09
While the Indian manufacturing sector could see a negative growth for the Quarter January-March 2009, but the sector is quite likely to witness a positive growth for the Quarter April-June 2009, according to FICCI's Manufacturing Survey. In the first Quarter of 2009 i.e. January-March, nine out of twelve sectors covered in the survey are likely to see a fall in their production as compared to the same Quarter in last year.

Only a few manufacturing sectors could see a positive growth in Jan-March 2009 which would not be adequate to push up the growth of the whole manufacturing sector, pointed-out FICCI Survey. However, in second Quarter of 2009 i.e. April-June, prospects look better for Indian manufacturing sector, said FICCI. These six sectors are textiles, machinery, and miscellaneous industry. Important sectors like auto-parts, chemicals may continue to witness fall even in the April-June 2009 Quarter.

The survey was done in the month of February 2009, to assess the impact of first two Stimulus Packages and the announcements made by RBI about rate cuts on the Indian manufacturing sector, said FICCI. Majority of the respondents felt that the impact of Stimulus Packages on the manufacturing sector was not significant enough as on date and real impact would be seen from the Quarter April-June 2009 onwards when the manufacturing sector is likely to witness positive growth as compared to last year, observed FICCI survey.

Only in a few sectors like machinery some revival of demand and as a result growth could be seen as of now, pointed-out FICCI Survey. However, no significant impact of the first two packages is seen on sectors like textiles, leather etc. Monetary policy easing and policy rate cuts announced by RBI also had limited impact so far for the manufacturing sector as most respondents said that although cost of borrowing has reduced but credit availability remains an issue of great concern, Survey pointed-out.

FICCI Survey also noted that current operating capacity remains low in a number of manufacturing sectors like leather, textiles, machinery. Export scenario for the manufacturing sector remains bleak for both the quarters i.e. January-March 2009 and April-June 2009. A large number of sectors like textiles, leather, chemicals are likely to see a fall in their exports in January-March 2009 and April-June 2009, according to FICCI Survey. Only a few sectors like FMCG, Cement and Machinery expect to see some growth in their exports in the Quarter April-June 2009, observed FICCI.

The Survey also noted that a number of manufacturing sectors like textiles, leather & footwear, chemicals are facing strong competition from Chinese manufacturers. Chinese prices of manufactured goods are generally much less than Indian products. In sectors like auto-component Chinese prices are 10 to 40% lower than similar Indian products. In case of tyres, prices of Chinese products are 20 to 25% lower than Indian tyres.

Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Pranav Mishra

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

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


Browse Our Archives


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