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Manufacturing sector posts high growth in April-Dec: CII

Press Trust Of India  |  New Delhi 

As many as 50 segments in the manufacturing sector have shown ‘excellent growth’ of 39 per cent in the first nine months of the current fiscal, according to a CII-ASCON survey.

Of the 127 segments covered by the survey, 22 have made it to the ‘high growth’ category, showing 17.3 per cent expansion during April-December 2010-11.

Although there were 27 sectors in this category last year, they do not indicate a decline in overall performance because several of them have been upgraded to the ‘excellent’ club, which has swelled to 50 from 29.

Sectors showing over 20 per cent growth fall under the ‘excellent category’, while those showing 10-20 per cent expansion are considered the ‘high’ performance category.

“The performance of the industry confirms improvement during April-December 2010 compared to the corresponding period of the previous year,” the chamber said.

Twenty-two industries like utility vehicles, crude oil, power transformers, energy meters, alcoholic beverages and textile machinery have logged in 10-20 per cent growth, the survey said.

Those in the excellent category include air conditioners, natural gas, tractors, nitrogen fertilisers, ball bearings, electrical and cable wires, auto components, construction equipment, electric fans and tyre industry.

The number of sectors showing moderate and negative growth are 48 and 7, respectively, against 55 and 11 in the same period last year.

First Published: Mon, December 27 2010. 00:30 IST
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