in India The fabricated metal products industry in ... - TeknikfÃ¶retagen

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Several measures are being undertaken under the recommendations of the newly formed National Manufacturing Competitiveness Council (NMCC), Federation of Indian Chambers of Commerce and Industry (FICCI) and Confederation of Indian Industries (CII) among others. Chief among some of the measures being suggested are changes in the tax structure, consolidation of SMEs, facilitation of foreign participation and provision of easier access to required resources. Some of the factors that affect growth in the fabricated metal products industry are given below. Growth closely linked to international trade scenario The growth of the industry is very closely linked to the international trade scenario. For instance, an increase in exports would lead to an increase in container traffic, which would then lead to an increased demand and thus increased production of metal containers, ship and railway containers etc. Currently, due to the slowdown in the American and European markets, slack in the construction and real estate markets in western countries and a surge in ocean freight rates, it is believed that exports would decline and thus, with respect to the fabricated metal products industry, container production would remain flat. 5 Low labour productivity An analysis was conducted by FICCI on the laggard industry segments of the manufacturing sector in India. Fabricated metal products industry was one of those segments. The main focus of the study was to make recommendations to enable increase in productivity. There is increasing competition to India from Asian players such as China, Malaysia and Korea in this regard. The study revealed that the fabricated metal products industry in India was suffering from low labour productivity. FICCI suggested, that enhancement of productivity can be achieved by adopting the cluster approach. It is believed that if productivity can be increased in the industry, the fortunes of the fabricated metal products industry would be much higher than are projected now. 6 5) Reference has been made to The Hindu Business Line (16th June 2008) 6) Reference has been made to The Hindu Business Line (7th March 2005) 8
Distribution of the largest fabricated metal products producers in India In the year 2005–2006, according to FICCI, the largest states that were producing fabricated metal products in India were Uttar Pradesh (12 per cent), Punjab (5 per cent), West Bengal (5 per cent) and Karnataka (5 per cent) of production. 7 LARGEST STATES BY PRODUCTION OF FABRICATED METAL PRODUCTS IN INDIA Rough ocations of these states have been shown in the figure below. Punjab Uttar Pradesh West Bengal Karnataka Source: Federation of Indian Chambers of Commerce and Industry 7) Reference has been made to The Hindu Business Line (7th March 2005) 9
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