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Industries show 20-60% downfall in exports
A report by the Federation of Indian Export Organisations (FIEO) has shown a 20 to 60 per cent downfall in the export graph for leading industries in Gujarat compared to previous year's figures.
At a time when not a single industry has been left untouched by the recent global meltdown, the FIEO has begun a series of seminars with exporters to find out the requirements of the industries in a bid to handle the slowdown.
Agriculture and engineering, the two sectors that play a vital role in the economy of the state, have been badly affected.
Sharadkumar Saraf, chairman, western region, FIEO, said: “The export of groundnut and cotton from hubs like Bhavnagar, Surendranagar, Rajkot and Junagadh has been severely affected. Equally affected are the various industries in the engineering sector – brass parts, automobile parts, diesel engine and machine tools.”
Ceramic is one of the worst hit in the manufacturing sector. Other industries, including manufacturing sectors for gold and silver ornaments, have also taken the beating, he said.
Rajkot is the hub for machine tools, diesel engine and automobile parts, while Jamnagar accounts for over 80 per cent of the total production of brass parts in the country. Morbi is the hub of the ceramic industry.
According to Dhansukh Vora, president of the Rajkot Greater Chamber of Commerce and Industry, the worst affected sector among all is the brass parts industry, which has registered an unprecedented 60 per cent decline in export orders compared to September 2007.
Eighty per cent of the 4,000 brass parts units in Jamnagar, which fall into the bracket of small scale industries, are on the death-bed.
With a total brass consumption of 50 lakh container per month, (each container weighing 20 tonnes), Jamnagar accounts for 80 per cent of total brass components (electrical, automobile or sanitary) produced in India.
The decline in demand for brass products was due to the price hike in two basic elements – raw material and fuel, and the plummeting export orders was probably the last nail in the coffin for the machine tools industry, which saw a revival with the arrival of CNC machines last year.
The industry saw a 28 per cent decline in export revenues this year, which was closely followed by the automobile parts manufacturers, which saw a 30 per cent decline. According to the GCCI, even the export of marine products registered a 20 per cent decline.
http://www.indianexpress.com/news/
At a time when not a single industry has been left untouched by the recent global meltdown, the FIEO has begun a series of seminars with exporters to find out the requirements of the industries in a bid to handle the slowdown.
Agriculture and engineering, the two sectors that play a vital role in the economy of the state, have been badly affected.
Sharadkumar Saraf, chairman, western region, FIEO, said: “The export of groundnut and cotton from hubs like Bhavnagar, Surendranagar, Rajkot and Junagadh has been severely affected. Equally affected are the various industries in the engineering sector – brass parts, automobile parts, diesel engine and machine tools.”
Ceramic is one of the worst hit in the manufacturing sector. Other industries, including manufacturing sectors for gold and silver ornaments, have also taken the beating, he said.
Rajkot is the hub for machine tools, diesel engine and automobile parts, while Jamnagar accounts for over 80 per cent of the total production of brass parts in the country. Morbi is the hub of the ceramic industry.
According to Dhansukh Vora, president of the Rajkot Greater Chamber of Commerce and Industry, the worst affected sector among all is the brass parts industry, which has registered an unprecedented 60 per cent decline in export orders compared to September 2007.
Eighty per cent of the 4,000 brass parts units in Jamnagar, which fall into the bracket of small scale industries, are on the death-bed.
With a total brass consumption of 50 lakh container per month, (each container weighing 20 tonnes), Jamnagar accounts for 80 per cent of total brass components (electrical, automobile or sanitary) produced in India.
The decline in demand for brass products was due to the price hike in two basic elements – raw material and fuel, and the plummeting export orders was probably the last nail in the coffin for the machine tools industry, which saw a revival with the arrival of CNC machines last year.
The industry saw a 28 per cent decline in export revenues this year, which was closely followed by the automobile parts manufacturers, which saw a 30 per cent decline. According to the GCCI, even the export of marine products registered a 20 per cent decline.
http://www.indianexpress.com/news/
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