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Tuesday,
March 12, 2002, Chandigarh, India  
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Industrial
growth dips to 3.2 pc Intel
awareness drive in Punjab Maruti,
Hyundai, Telco sales rise
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Revival
package for HCL
Reliance
to use DuPont technology
Electronics,
software exports jump 32.5 pc
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Industrial growth dips to 3.2 pc
New Delhi, March 11 The IIP grew by 2.5 per cent to 164.8 in April-January this fiscal, which is also less than 5.7 per cent in the same period last year. Among the major groups, electricity production was up 3.8 per cent in January from 2.5 per cent a year ago. Growth of the manufacturing sector, however, slowed down to 3.2 per cent during the month as compared to 4.7 per cent in January, 2001, while mining activities grew by only 3.4 per cent as against 5.1 per cent in the same month last fiscal. During April-January, growth of the mining sector came down to 1.5 per cent this fiscal from 4.4 per cent last year. The manufacturing sector growth during the first 10 months was lower at 2.6 per cent compared to 5.9 per cent in 2000-01, while electricity production was lower at 2.9 per cent than 4.6 per cent last year. Growth in production of capital goods, intermediate goods and consumer goods also slowed down during January, 2002. Capital goods production fell by 1.9 per cent in January this year as against a positive growth of 1.5 per cent in the year-ago month. Intermediate goods also witnessed lower growth at 1.5 per cent compared to 2.8 per cent in January last year, while consumer goods saw a fall in growth to 5.6 per cent from 9.4 per cent last year. Basic goods production, however, grew by 4 per cent compared to 2.3 per cent in January, 2001. During April-January, the growth in production of basic, capital, intermediate and consumer goods’ was lower this fiscal than that in 2000-01. Basic goods production grew by 2.5 per cent during the first 10 months of this fiscal as against 4.8 per cent during the year-ago period, while capital goods witnessed a negative 4.6 per cent growth compared to 2.9 per cent last fiscal. Intermediate goods also witnessed a lower
growth of 1.9 per cent as against 4.6 per cent, while consumer goods languished to 5.6 per cent compared to 8.4 per cent earlier.
PTI
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Intel awareness drive in Punjab Chandigarh, March 11 He said in order to increase PC awareness Intel had planned rollout of innovative “hands on PC experience” programmes and increasing the reach of Intel Teach to the Future programme. While the countrywide goal, which was earlier to train one lakh teachers in the country, had been raised to two lakh. As many as 70,000 teachers had already been trained . The company has signed MoUs with governments of Gujarat, Karnataka, Maharashtra, Delhi and Chennai in this regard. “In the process of reaching out to new markets we are focussing on Chandigarh, Punjab and Haryana. In this regard discussions with state governments are also on”, Mr Saini said. Other initiatives by Intel include computer training to children in slums of Delhi for which the company has tied up with an NGO. Intel creates awareness regarding the importance of having a PC and also what features should a PC contain. “The company holds a major market share of almost 80 per cent in the market and with the market growing at 50-60 per cent annually , we expect similar growth to continue for another four to five years at least”, he said. Ms Harpreet Kaur of Sri Guru Harkishan Model School , Sector 38, gave a presentation on how the school had adopted IT to impart education to students after the training provided in co-ordination with Intel. Mr Sukhdeep Singh of Computer World also spoke on the importance of PC awareness . Talking about the company, Mr Saini said Intel, which supplies chips, boards, systems, software, networking and communications equipment and services recorded, net income (excluding acquisition related costs- during the fourth quarter) of $ 4.1 billion.
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Maruti, Hyundai, Telco sales rise
New Delhi, March 11 Total sales stood at 54,229 cars in February 2002 against 46,532 cars in the same month last year, according to the data compiled by the Society of Indian Automobile Manufacturers (SIAM) released today. Maruti Udyog posted a 4.5 per cent rise in its sales at 30,905 units against 29,562 units in February 2001. However, Hindustan Motors posted negative growth while the battered Daewoo Motors did not disclose its sales figures for the month under review. Cumulative sales of cars during April-February 2001-02 dipped marginally to 5.04 lakh cars from 5.05 lakh cars. Commercial vehicle sales, one of the yardsticks to gauge economic growth, dipped by 7.9 per cent at 12,372 units over 13,674 units in the year-ago month. The decline is attributed to a 12.9 per cent fall in medium and heavy (M&H) category and a 3.5 per cent slump in the sales of light commercial vehicles (LCVs). Multi-utility-vehicle (MUV) sales fell by 25.3 per cent at 9,518 units as against 12,750 units in February 2001. Riding on the back of a booming motor cycle market, which posted a spectacular 54.4 per cent growth in sales, overall two-wheeler sales shot up by 27.6 per cent even as scooter sales dwindled by 8 per cent. Moped sales too recorded a decline of 21.2 per cent even as three-wheeler sales went up by 33.4 per cent. Hyundai Motor India sold 8,652 units in February 2002 as compared to 6,090 units in February 2001, an increase of 42 per cent. Sales of domestic automaker Tata Engineering (Telco) increased an impressive 77.9 per cent at 6,524 units (3,666 in February 2001) but Hindustan Motors recorded a 16.3 per cent decline at 1,756 cars in February this year as against 2,099 cars in the same month last year. Fiat India posted a whopping rise of 409 per cent at 3,060 units from 601 sold in February last year. Ford India witnessed a 55.6 per cent jump at 1,564 cars (1,005 cars) while the Indian subsidiary of US auto giant General Motors registered a 15.1 per cent increase at 798 cars (693 cars). Sales of Honda Siel cars went up 38.7 per cent at 906 units as compared to 653 units in the year-ago month. DaimlerChrysler sold a total of 64 units, up 56 per cent from 41 cars sold in the corresponding month of last year. In the commercial vehicles segment, M&H vehicle sales slumped 12.9 per cent at 7,543. LCV sales also went down by 3.5 per cent at 4,829 units. In the scooter segment, all players recorded dip in sales with market leader Bajaj Auto posting a 55 per cent drop at 26,078 scooters in February this year (30,866 units in February 2001). TV Motor Co posted a 4.5 per cent decline at 8,940 (9,363 units). Scooter sales of LML Ltd and Kinetic Motor Co slipped 10.9 and 25.6 per cent at 7,124 and 7,058 scooters, respectively. Honda Motorcycles and Scooter India, a wholly-owned subsidiary of Honda Motors of Japan, sold 7,040 scooters in the review month. In the motor cycle segment, all players, except LML, recorded growth in sales. Hero Honda posted a 44.3 per cent rise at 1.25 lakh motor cycles (86,784 units) while sales of Bajaj Auto increased 81.1 per cent at 65,023 units (35,903 units).
PTI
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Indonesia, India most corrupt
Hong Kong, March 11 Twelve Asian economies were surveyed and ranked for corruption on a scale of one to 10, with zero the best possible, in the survey by the Hong Kong-based Political and Economic Risk Consultancy. Singapore (0.9) was rated the least corrupt economy followed by Japan (3.25) and Hong Kong (3.33), the group found after questioning 1,000 expatriate businesses in the 12 economies. Malaysia (5.71) came in fourth followed by South Korea (5.75), Taiwan (5.83), China (7), the Philippines (8), Vietnam (8.25), India (9.17) and Indonesia (9.92).
DPA
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Revival package for HCL
New Delhi, March 11 This information was given to the Parliamentary Standing Committee on Industry. In its 65th report, the committee noted that concrete steps for capital restructuring should be taken for ameliorating the company at the earliest in spite of the ongoing disinvestment process. It asked the government to take steps to enable the company to harness further business through identification of viable deposits, reduction of costs and rationalisation of tax structure. It said HCL should further rationalise its work-force in all units and take effective steps for cost reduction.
PTI
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The quick estimates of Index of Industrial Production (IIP) released by the Central Statistical Organisation pegged the general index at 176.1 during January 2002, which is 3.2 per cent higher than that in January 2001.