Capitalising gains & goods

IIPM PUBLICATION

The capital goods sector will continue to see robust order intake as economic activity in infrastructure, including power & manufacturing, remains strong


Ever since the planning process started in 1951, the Indian industrial strategy has been centered around the growth of robust engineering. The capital goods sector is the backbone of any developing economy and stronger the backbone, the healthier the growth. This backbone of the Indian economy has seen a splurge of growth for the last few years. Robust order book position, continuing and relatively high order intake, backed by investment growth in the country and strategic moves on the part of the industry constituents in augmenting capacity, upgrading technology, expanding product offering has helped the industry to sustain strong growth on a higher base at both earning and revenue levels. According to FICCI, the sector has grown at the rate of 17.8% in FY07, as compared to 16.3% in FY06 and imports at $54.7 billion, 36.8% higher than last year.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

For More IIPM Article, Visit Below....
http://iipm-centers.blogspot.com/
http://placements-iipm.blogspot.com/
http://iipm-web.blogspot.com/
http://iipm-seminars.blogspot.com/
http://original-space.blogspot.com/
http://view-for-you.blogspot.com/
http://respected-business-school.blogspot.com/