New Delhi: Ten manufacturing segments,
including industrial gases and multi-utility vehicles, grew by
over 20 per cent in the first half of the current fiscal,
leading the recovery in the sector, a CII-Ascon survey said.
Of the 100 manufacturing segments surveyed, the 10
recorded "excellent" growth rate during April-September
2009-10 over the year-ago period, while another 26 of them
showed "high" rate of 10-20 per cent, it said.
The 26 high growing segments include aluminium, cement,
fertiliser, light commercial vehicles and consumer durables.
Other sectors reporting excellent growth are -- nitrogen,
earth moving and construction equipment and motor starters.
Besides, 37 segments, including crude oil, plastics,
refinery, power cables, synthetics, oil and gas equipment,
registered 'moderate' growth of 0-10 per cent during the first
six months of the current fiscal.
However, the survey said still there are few segments
which continue to report negative growth during
April-September 2009-10. The segments are polymers, sponge
iron, switch gears, ball bearings, electric motors and power
transformers among others.
Manufacturing output was up 9.3 per cent in September
2009, against 6.2 per cent in the same month last year.
PTI
First Published: Sunday, November 22, 2009, 13:12