Output of major manufacturing industries of top 5 states at Rs.49.40 lakh cr by 2016: Knight Frank [October 18, 2011]

October 21, 2011 6:56 am

According to a research study on India’s manufacturing sector conducted by global property consultancy Knight Frank India the output of major manufacturing industries of top 5 states  at  Rs.49.40 lakh crores by 2016 translating to 21 per cent annual growth rate. The report provides extensive scenario of the states of Andhra Pradesh, Gujarat, Karnataka, Maharashtra and Tamil Nadu that are identified as the leaders in manufacturing capabilities. Knight Frank Research gives growth estimates of the driver industries of these states, over the next 5 years, shall translate in to a land requirement of approximately 1,72,000 acres.
The report highlights that over the past ten years engineering and chemical industries have witnessed the highest growth and petroleum has emerged as the largest industry in the country. During the next 5 years, petroleum sector will continue the lead in terms of growth in Andhra Pradesh, Karnataka and Maharashtra. Metal and metal fabrication in Gujarat and automobile in Tamil Nadu will be the torch bearers in terms of the growth going forward.
Prakrut Mehta, Executive Director, Knight Frank India said, “This report will serve as a guiding light for investors and industrialists interested in participating in the promising India’s manufacturing story over the next decade. Our analysis clearly indicates that industrial output of the major industries in Maharashtra over the next 5 years will touch Rs.15,35,100 crores from the current Rs.6,19,400 crores. Further, the focus on automobile industry, which has been promoted extensively in regions like Pune, Nagpur, Aurangabad and Nasik, has placed it amongst the leading drivers of the state’s economy. Manufacturing sector growth in Maharashtra would result into a land requirement of 43,623 acres”
Commenting on the research report Dr. Samantak Das, National Head – Research, Knight Frank India said, ““Our research shows that petroleum industry dominates the industrial scenario in Gujarat, Karnataka and Maharashtra and we estimate that these sectors will continue their lead in 2016. Similarly, automobile industry leads the industrial activity in Tamil Nadu and this lead will be maintained in 2016. However, the industrial landscape in Andhra Pradesh is poised to witness a transformation as the lead of food processing industry will be taken over by petroleum industry in 2016. This will happen as the growth rate of 28% CAGR for petroleum industry will surpass the 17% growth of the food processing industry”.
The report presents all the basic information required to setup an industrial unit such as promotional bodies, approval processes and timelines, industrial policies and focus sectors, top industries and details of major industrial destinations. The study covers an in depth inter temporal performance analysis of the major industries in Andhra Pradesh, Gujarat, Karnataka, Maharashtra and Tamil Nadu. Through an objective methodology these states have been identified as the most industrialized states that also offer a great future potential.