News

CII survey find evidence of slow recovery
Some early signs of industry recovery in the automobile, cement and construction industry have been picked up by the CII industry monitor. All three industries have registered a growth of more than 10 per cent in April 1998. However, general trends in the industry remain subdued with several segments of the capital goods sector running up negative in the same month. Machine tool production declined by 10 per cent, diesel engines 20 per cent, transmission line towers 5.2 per cent and transformers by 2 per cent.