The Hindu Business Line : Manufacturing sector clocks 13% growth: Survey

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New Delhi Feb. 18 Spurred by growth rates of over 20 per cent in 65 segments, the manufacturing sector has clocked a growth of 13 per cent in the first nine months of the current fiscal 2006-07, according to a survey conducted by industry chamber FICCI.

Air-conditioners (25 per cent), DVD (50 per cent), microwave ovens (20 per cent), personal computers (30 per cent), electrical equipment and machinery (25 per cent), switchgears (37 per cent), textile machinery (25 per cent) and light commercial vehicles (37 per cent) are some of the sectors that witnessed over 20 per cent growth in the April-December period.

The sectors that registered 10-20 per cent growth rate are colour television (10 per cent), motorcycles (19.2 per cent), automotive tyre (13 per cent), washing machine (12 per cent), glass containers (11 per cent), biscuits (10 per cent), and processed food and vegetables (10 per cent) in the period, according to the survey.

Negative growth

Those sectors that recorded negative growth are natural gas (-2.4 per cent), B&W TV (-20 per cent), transmission line towers (-3.6 per cent) and soda ash (-6.3 per cent).

Higher demand from sectors such as textiles and construction has encouraged growth in the production of intermediate and capital goods.

The cement industry has taken steps towards technological upgradation with assimilation of latest technology, according to the survey.