New Delhi: In the April-June quarter of the current financial year, only 10 percent of the manufacturing units were such that there was an increase in production. This information has been given in the quarterly survey of industry body FICCI. This increased production of manufacturing units by 15 percent in the previous quarter.
The survey includes data from more than 300 manufacturing units in the large and small and medium enterprises (SME) sector. The combined annual turnover of these units is more than Rs 2.5 lakh crore. The survey said that the vehicle sector is the worst hit in terms of operationalization in factories, given the demand for loosening of lockdown restrictions and existing orders.
Other sectors operating at the lower level include leather and footwear, electronics and electricals and textile machinery sectors. 90 percent of the people surveyed said that there was less or equal production in April-June 2020-21. In the last quarter of 2019-20, the number of people saying this was 85 percent. The hiring scenario for the manufacturing sector also appears to be quite weak. 85 percent of the units surveyed said that they were not going to make additional appointments during the next three months. FICCI said that in the last quarter of the last financial year, the number of units saying this was 78 percent.
