The manufacturing sector, a key contributor to the impressive growth figure, is galloping ahead. The sector registered a growth of 11.8 per cent, the highest since 1996-97, and continued to be the main driver of industrial activity. The sector performance was broad-based with key industry segments such as chemicals, machinery, basic metals, transport equipment and cement being the primary growth drivers.
The Indian machine-tool output in the last two years has seen a growth rate nothing short of phenomenal. Industry sources attribute the surge to increased demand from three growing industrial sectors: automotive, auto ancillaries, and consumer durables.
A truly international trade fair, IMEX’08 is designed to facilitate effective interaction among several fraternities of the machine tool, automation, cutting tool and user industries. |