PHARMA PRODUCTION IN ANDHRA LIKELY TO GROW 15 PERCENT

Chennai, Hyderabad, April 15, 2008
Business Standard  The Financial Express  The Hindu Business Line  

The pharmaceutical sector in Andhra Pradesh is likely to see a better performance during the period April 2008-September 2008, with the industry demand expected to increase by 15-20 percent and production 10-15 percent.

CII's industry monitor survey, which was carried in Andhra Pradesh, Karnataka, Kerala, Puducherry and Tamil Nadu, with an objective of analysing the performance of top five sectors in each of these states during October-March of the financial year 2007-08, captured the views of senior executives of leading companies.

The top five sectors surveyed in Andhra Pradesh, which were identified on the basis of their contribution to the state gross domestic product (SGDP), were agro, manufacturing, pharmaceuticals, IT and textile industry.

According to the survey, the revenue and overseas billing of the IT sector shot up by 10-15 percent and 15-20 percent respectively. Despite the plummeting pricing to 10-15 percent, profit margins were up 5 percent. The employment levels too increased by as much as 40 percent.

The industry predicts a 5 percent growth in the IT industrial demand, with a growth in the order book position of 10-15 percent, resulting in a 5-10 percent increase in revenues. The overseas billing is also projected to increase by 15 percent. Despite an expected decline in price to 5 percent, the IT industry is likely to register a 5 percent growth in profit margins.