Interviews
Manufacturing sector maintains growth momentum
03 May '07
3 min read
According to the CII-ASCON survey, out of the 36 sectors reporting sales, 9 sectors registered excellent growth, 15 sectors registered high growth, and 12 sectors reported moderate growth while none of the sectors recorded low or negative growth.
“The survey reveals that Forgings, Machine Tools, Textile Machinery, Tractors, Electric Fans, LCVs, Medium & Heavy Commercial Vehicles and Microwave ovens were some of the sectors in the excellent sales growth category. Those in the high growth category include Cement, Ball & Roller Bearing, Ceramics, Industrial Valves, Earthmoving & Construction Equipment, Water Equipment etc.” said Mr. Kaura.
According to the CII-ASCON survey, the Indian manufacturing industry is showing a dip in the exports as compared to the results in the last quarter. The latest survey indicates that 9 sectors have shown excellent growth in exports. There were 8 sectors in the high growth category, 6 sectors recorded moderate growth, while 6 sectors registered a fall in exports.
Auto Components, Sponge Iron, Forgings, Machine Tools, All Three Wheelers, Medium and Heavy Commercial Vehicles and Motor Cycles are sectors that have done well on the export front, registering excellent growth. Those in the high growth category include Ball & Roller Bearings, Cement, Ceramics, Industrial Valves, Refractory and Earth Moving & Construction Equipment.
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“The survey reveals that Forgings, Machine Tools, Textile Machinery, Tractors, Electric Fans, LCVs, Medium & Heavy Commercial Vehicles and Microwave ovens were some of the sectors in the excellent sales growth category. Those in the high growth category include Cement, Ball & Roller Bearing, Ceramics, Industrial Valves, Earthmoving & Construction Equipment, Water Equipment etc.” said Mr. Kaura.
According to the CII-ASCON survey, the Indian manufacturing industry is showing a dip in the exports as compared to the results in the last quarter. The latest survey indicates that 9 sectors have shown excellent growth in exports. There were 8 sectors in the high growth category, 6 sectors recorded moderate growth, while 6 sectors registered a fall in exports.
Auto Components, Sponge Iron, Forgings, Machine Tools, All Three Wheelers, Medium and Heavy Commercial Vehicles and Motor Cycles are sectors that have done well on the export front, registering excellent growth. Those in the high growth category include Ball & Roller Bearings, Cement, Ceramics, Industrial Valves, Refractory and Earth Moving & Construction Equipment.
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Confederation of Indian Industry
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