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OEM Update

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.

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