Various Parameters Considered Include Number of Factories, Output Value, Etc.
Maharashtra and Gujarat ranked among top states in terms of manufacturing emergence in mainstream states across India, noted a recent study conducted by apex industry body ASSOCHAM.
“While Maharashtra has topped with highest growth in entrepreneurs memorandum (EM) part-II filed by micro, small and medium enterprises (MSMEs), Gujarat has performed very well on parameters like change in capacity utilisation, operational ratio, value addition and input cost,” stated an ASSOCHAM study titled ‘Manufacturing Excellence and Emergence in India: The state level analysis.’
The ASSOCHAM Economic Research Bureau (AERB) had considered various parameters like number of factories, output value, working capital, net fixed capital formation, fixed capital, finished goods, capital invested, total inputs and others to ascertain the states’ performance in terms of manufacturing sector.
The data was taken for each state from sources like Annual Survey of Industries, Ministry of Statistics and Programme Implementation, Government of India website for a five year period between FY10 and FY15.
The study also highlighted various challenges being faced by India’s manufacturing sector – competitive cost and technology being offered by countries like Bangladesh, China, Indonesia, Korea, Singapore and Taiwan.
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