Pharma, agro industries witness growth in AP: CII

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Hyderabad, Dec 12 (UNI) The pharma and agro industries have witnessed a phenomenal growth in Andhra Pradesh, according to a survey by Confederation of Indian Industry (CII).

The bi-annual Industry Monitor Survey, conducted in Andhra Pradesh, Karnataka, Kerala, Puducherry and Tamil Nadu, analysed the performance of top five sectors in these states between April 2007 and September 2007, a CII release here said.

The survey said the production level and the production value of pharma industry in the state had increased by 20 to 25 per cent and 15 per cent respectively. The sales and exports went up by 15 to 20 per cent.

During October 2007- March 2008, the pharma industry was all set to register a buoyant growth and the demand was expected to go up by 12.5 to 17.5 per cent, raising the production level by 25 to 30 per cent.

Though the exports and profit margin of agro-industry in Andhra Pradesh declined by 25 per cent and 5 per cent respectively, it had enhanced production and sales by 20-25 per cent and 20-22 per cent respectively during April-September 2007.

During April-September 2007, the revenue of IT industry went up by 5-10 per cent and the level of employment increased by 10-15 per cent.

The industry expects about 10-15 per cent increase in revenue during October 2007-March 2008 as compared to April 2007 - September 2007.

The survey said the manufacturing industry witnessed a moderate growth with the level of production and capacity utilisation going up by 10-15 per cent and 30-35 per cent respectively.

The textile industry had recorded 12.5-15 per cent increase in production, five per cent increase in capacity utilisation and about eight per cent rise in sales during April-September 2007.

However, the exports and value of production came down by 37.5 to 40 per cent and 5 to 8 per cent respectively due to strong rupee appreciation, the survey added.

UNI

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