Delhi's manufacturing sector grew by 16.15% in 2011-12

NEW DELHI: Manufacturing sector in Delhi grew by 16.15 per cent in 2011-2012 financial year and the government's new industrial policy has given a fresh impetus to industrial growth, Industries Minister Ramakant Goswami said today.

He said the new industrial policy introduced in the year 2010 has started giving the "encouraging" results.

"Delhi has been able to achieve a growth of 16.15 per cent of Gross State Domestic Product (GSDP) for Delhi for the manufacturing sector. The GSDP at current prices for manufacturing sector was Rs.13,844 crores in the year 2010-11 and has increased to Rs.16,081 crores during the year 2011-12," he said.

GSDP at current prices for the secondary sector as a whole (comprising manufacturing, electricity, gas and water supply and construction) has increased from Rs 45,697 crores in 2010-11 to Rs 54,501 crores in 2011-12, showing a growth rate of 19.26 per cent.

Delhi has got the highest minimum wages in the country, which has helped in retention of the labour and talent with the industry, he said.