Industrial output growth fell to 17-month low to 0.5% in November

Agencies

January 11, 2019

New Delhi, Jan 11: Industrial output growth dropped to a 17-month low of 0.5% in November last on account of contraction in the manufacturing sector, particularly consumer and capital goods.

Factory output, as measured in terms of the Index of Industrial Production (IIP), had grown by 8.5% in November 2017, as per data released by the Central Statistics Office (CSO) on January 11.

The previous low was in June 2017, when IIP growth contracted by 0.3%. The growth for October 2018 was revised upwards to 8.4% from 8.1%.

In the April-November period, industrial output grew 5%, compared to 3.2% in the same period of the previous fiscal.

The manufacturing sector, which constitutes 77.63% of the index, recorded a contraction of 0.4% in November, against a growth of 10.4% a year ago.

The mining sector posted 2.7% growth in the month, against 1.4% in November 2017. The power sector output also grew by 5.1% from 3.9% a year ago.

Capital goods output declined by 3.4%, compared to 3.7% growth a year ago. Consumer durables output also dipped by 0.9%, against a growth of 3.1% a year earlier. Consumer non-durable goods also saw a contraction of 0.6%, compared to 23.7% growth a year ago. In terms of industries, 10 out of 23 industry groups in the manufacturing sector showed positive growth in November 2018.

As per use-based classification, the growth rates in November 2018 over November 2017 are 3.2% in primary goods, (minus) 4.5% in intermediate goods and 5% in infrastructure/construction goods.

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Vision 2030 push: Saudi Arabia cancels expat worker fees for licensed industrial facilities

News Network

December 19,2025

Saudi Arabia has abolished fees on expatriate workers employed in licensed industrial establishments, signaling a strong push to empower national factories and enhance the Kingdom’s global industrial competitiveness. The move reflects the leadership’s commitment to building a sustainable and resilient industrial economy under Saudi Vision 2030.

The decision was approved by the Council of Ministers, chaired by Crown Prince and Prime Minister Mohammed bin Salman, following a recommendation from the Council of Economic and Development Affairs (CEDA). It forms part of a broader strategy to support, modernize, and strengthen the industrial sector.

By removing fees on foreign workers, industrial establishments gain greater operational flexibility and relief from financial pressures. This is expected to help factories expand production, improve efficiency, and compete more effectively in international markets, while reinforcing long-term sustainability.

The initiative aligns closely with Saudi Vision 2030, which identifies industry as a key pillar of economic diversification. A competitive and resilient industrial base is viewed as essential for driving innovation, attracting investment, and sustaining long-term economic growth.

Overall, the fee exemption underscores the Kingdom’s commitment to creating a supportive environment for industrial development and ensuring that Saudi factories remain globally competitive and capable of leading the nation’s economic transformation.

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Elusive bamboo shrimp resurfaces in Mangaluru estuary after 70 years

News Network

December 7,2025

Mangaluru, Dec 7: A rare bamboo shrimp has been rediscovered on mainland India more than 70 years after it was last reported, confirming for the first time the presence of Atyopsis spinipes in the country. The find was made by researchers from the Centre for Climate Change Studies at Sathyabama Institute of Science and Technology, Chennai, during surveys in Karnataka and Odisha.

The team — shrimp expert Dr S Prakash, PhD scholar K Kunjulakshmi, and Mangaluru-based researcher Maclean Antony Santos — combined field surveys, ecological assessments and DNA analysis to identify the elusive species. Their findings, published in Zootaxa, resolve decades of taxonomic confusion stemming from a 1951 report that misidentified the species as Atyopsis moluccensis without strong evidence.

The shrimp has now been confirmed at two locations: the Mulki–Pavanje estuary near Mangaluru and the Kuakhai River in Bhubaneswar. Historical specimens from the Andaman Islands, previously labelled as A. moluccensis, were also found to be misidentified and actually belong to A. spinipes.

The rediscovery began after an aquarium hobbyist in Odisha spotted a shrimp in 2022, prompting systematic surveys across Udupi, Karwar and Mangaluru. Four female specimens were collected in Mulki and one in Odisha, all genetically matching.

Researchers warn the species may exist in very small, vulnerable populations as freshwater habitats face increasing pressure from pollution, sand mining and infrastructure development. All verified specimens have been deposited with the Zoological Survey of India for future reference.

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