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Balanced growth in manufacturing sector: CII

india Updated: Jul 16, 2006 10:09 IST
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The manufacturing sector has declined in exports during April-June, 2006 and reported a balanced growth for the quarter as compared to the corresponding period in 2005, a CII survey has said.

The ASCON survey carried out by CII revealed that of the total 140 producing sectors, 34 sectors had recorded an excellent growth rate of more than 20 per cent, 56 sectors recorded a high growth rate of 10-20 per cent, 36 sectors registered moderate growth rate of 0-10 per cent while 14 sectors reported negative growth.

In the excellent growth category were industries like lead and lead alloy, sponge iron, switchgears, motor starters, circuit breakers, fluid power, power transformers, textile machinery, transmission line towers, metallurgical equipment, cars, microwave ovens, DVD players, mustard oil, cellular services and housing finance.

Paints, polymers, plastics, industrial valves, industrial gases, water equipment, drugs and pharmaceuticals were in the high growth category, the survey said.

Of the 78 sectors reporting sales, 26 registered excellent growth, 28 registered high growth and 18 sectors reported moderate growth.

Six recorded low or negative growth.

The survey revealed that nitrogen fertilizer, soda ash, sponge iron, ball and roller bearing, castings, fluid power, boilers, transmission line towers, vehicle industry, housing finance and personal computer were some of the sectors in the excellent growth category.

Cement, abrasives, auto components, ball and roller bearing castings, fluid power, cars and motor cycles have done well on the export front, registering excellent growth.

Those in the high growth category include forgings industrial valves, earthmoving and mining equipment, drugs and pharmaceuticals. Soda ash, scooters, mopeds and electrical fans reported negative growth in exports.

The survey also points out that the consumer durables sector has scored more in the excellent growth category than the corresponding period last year.

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