Manufacturing sector on path of recovery: CII


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 few segments continued to report negative growth during April-September 2009-10. The segments include polymers, sponge iron, switch gears and ball bearings among others.

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