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Maharashtra and Gujarat are the top States in manufacturing emergence in India, according to a recent study conducted by the apex industry body Assocham.
“While Maharashtra has topped with the highest growth in entrepreneurs’ memorandum (EM) part-II filed by micro, small and medium enterprises (MSMEs), Gujarat has performed very well on parameters such as change in capacity utilisation, operational ratio, value addition and input cost,” said a study titled ‘Manufacturing excellence and emergence in India: The State-level analysis’, conducted by the Associated Chambers of Commerce and Industry (Assocham).
RankingsWith a ratio of 1.29, Maharashtra has emerged on top in EM part-II filed by MSMEs at district industrial centres in FY15 over FY13. The State also performed well on other parameters with the third highest ratio in terms of change in return on capital, operational ratio, value addition and input cost.
It was ranked fifth in terms of change in total factor productivity, fixed capital income ratio and growth in manufacturing gross value addition (GVA) in FY15 over FY13. However, Maharashtra should focus more on improving capacity utilisation (8th rank) and efficiency (11th rank), the study said.
Gujarat is ranked second in terms of change in capacity utilisation, operational ratio, value addition and input cost. It has also scored the fourth and fifth positions in terms of change in return on capital and efficiency respectively.
It should focus on improving growth in manufacturing GVA (8th rank) and in filing of memorandum by entrepreneurs (14th rank). Besides, improvement is needed on factor productivity (15th rank) and fixed capital income ratio (16th rank).
ParametersThe Assocham Economic Research Bureau had considered various parameters such as the number of factories, output value, working capital, net fixed capital formation, fixed capital, finished goods, capital invested, total inputs and others to ascertain the States’ performance, Assocham said here on Tuesday.
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