High input cost affecting industrial growth: Minister

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Bangalore, May 13 (UNI) The slowdown growth in industrial production was a momentary and 'it will be reversed' soon, Union minister of state for Industry and Commerce, Department of Industrial Policy and Promotion, Ashwani Kumar said here today.

Speaking to newspersons he said the reported slow growth rate in March was mainly due to higher input costs and it would improve in the coming days.

Stating that the present trend of slow growth will be reversed soon Mr Kumar expressed confidence that the targetted eight to 8.5 per cent growth would be achieved during the current fiscal. "We will see an upward trend in the days to come" he added.

UNI MV RS TS1728

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