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Saturday, May 29, 1999

Pharma, cement firms post growth in April, says CII 

Girish Chadha  
New Delhi, May 28: In a clear indication of industrial revival, 48 sectors including cement, auto components, passenger cars, drugs and pharmaceuticals, software, sugar, newsprint, polyster staple fibre, air conditioners and personal computers registered over 10 per cent growth in April 1999 over April 1998.

According to a Associations Council of the Confederation of Indian Industry survey, 19 sectors recorded over 20 per cent growth while 29 sectors recorded between 10 to 20 per cent growth in April 1999 over the corresponding period of previous year.

However, 24 sectors including cold rolled steel, crude oil, tea, machine tools, textile machinery, cigaratte and tobacco and processed food and vegatables recorded a negtive growth during the period.

The survey is based on the information provided by member companies of CII and its 81 affiliated associations which account for over 65 per cent of the total industry output.

Other sectors which recorded less than 10 per cent growth include aluminium (4.5per cent), fertiliser (2.4 per cent), tractors (2.5 per cent), multi-utility vehicles (four per cent), automotive tyre (four per cent), malted food (6.2 per cent) and glass products (8.5 per cent).

Among the sectors recording over 20 per cent growth in April 1999 over April 1998 are cement (30 per cent), telecom cables (43 per cent), computer hardware (30 per cent), automobiles (21 per cent), cars (39 per cent), auto components (30 per cent), polyster staple fibre (22.4 per cent), software (60 per cent), housing finance (25 per cent), colour TV (30 per cent) and air conditioners (20 per cent).

Those sectors which recorded a 10 to 20 per cent growth include paints (10 per cent), nylon filament (13 per cent), ceramics (13 per cent), newsprint (10 per cent), sugar (16 per cent), processed food (10 per cent), washing machines (10 per cent), scooters (16 per cent), light commercial vehicles (13 per cent), diesel engines (10 per cent) and telecom equipment (10 per cent).

Industry segments, from basic goods,capital goods, consumer durables and non-durables and services which recorded less than 10 per cent growth include steel (one per cent), petrol (five per cent), multi-utility vehicles (four per cent), air cargo (two per cent), pulp and paper (5.5 per cent), automotive tyre (four per cent) and power cables (4.5 per cent).

On the export front, sectors which recorded over 20 per cent growth include steel, cars. multi utility vehicles, software, auto components, polyster filament yarn, processed fruit and vegatables and tea.

Paper, drugs and pharmaceuticals, paints, electronic components, processed food, medium and heavy commercial vehicles and ceramics are among the sectors which recorded over 10 per cent growth.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.


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