LD IIP 3 LST

Commenting on the IIP numbers, Indian Commerce and
Industry Minister Anand Sharma said that although there are
some concerns related to capacity addition in the
manufacturing sector, the overall growth of the industrial
production would not be less than that of last fiscal
(2009-10).
"...when we are talking of 1.6 per cent IIP, it doesn't
mean that we are going to register very weak growth. Yes,
there are certain areas of concern that capacity addition is
not taking place as it should but overall the year end figures
would be still higher than the last year's figures," he said.
On the availability of credit with banks, Sharma said
that RBI will ensure the flow to the industry.
"Adequate funds are available with the banks and there
should be no problem of lending to the industry," the minister
added. PTI RR
DBR


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