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Decline in manufacturing of cotton textiles

13
May '08
The Manufacturing sector has absorbed the affect of all these issues and managed to clock the growth of 8.6% over the period from April to March 2008 and the mood is very positive about clocking a double digit growth by the end of the year.

There is an urgent need to address the various concerns and issues for have sustainable manufacturing growth. There is urgent need to build infrastructure, create institutions and policy for Advanced Manufacturing and Engineering, remove bottlenecks with respect to power costs and labour laws. The moderation of interest rates would be also detrimental for achieving the targeted growth.

CII Manufacturing council has also suggested 10-point strategic agenda for taking manufacturing to new growth plane.

Capital goods could get much needed boost by implementation of recommendation made to Prime Minister by A M Naiks Task force on Capital goods. Announcement of a National Manufacturing Policy will help manufacturing consolidate in long term.

Confederation of Indian Industry


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