Though the overall production in the southern states has grown by 16%, the consumption level has gone up substantially by 21% over the same month last year, according to industry sources.
In Andhra Pradesh, the consumption during October has shot up by 43% while the production witnessed a growth of 25%. Similarly, in Tamil Nadu, the consumption and production have gone up by 24% and 16% respectively, sources said. This is against an all-India average of 10% growth in October, sources added.
Consumption in Chattisgarh was up by 53%, Bihar (31%), followed by Jharkhand (17%) have also helped the overall consumption of the industry to grow 10% during the month. Karnataka and Kerala have also contributed to the overall southern markets growth, said the sources further.
While the consumption in western and northern regions have seen a modest growth of 5% and 6% respectively, the central region posted a negative growth of 4%.
| Overall production grows 7.42% during the month |
Production in southern states up by 16%
But consumption in south has gone up substantially by 21%
For the seven months ended October 2005, an addition of 2.41 million tonnes capacity addition took place, taking the total installed capacity of the industry to 156.26 million tonnes. Companies such as My Home Industries, Binani and Vasvadatta have added fresh capacities.