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Leather, pharma top employment creators in manufacturing

New Delhi, Apr 1 (KNN) The employment-intensity is highest in enterprises involved in the leather and pharmaceutical industries, said a report. 

According to a survey conducted by Credit Rating Information Services of India Limited (CRISIL), the top five manufacturing industries in the order of their employment intensity are: leather and leather goods, pharmaceuticals, textiles, engineering and capital goods, and auto components and ancillary, said a report from Business Standard.

As India is one of the major leather producers and its leather industry is among the top ten foreign-exchange earners for the country, positive policy support and incentives for this sector strengthen the country's position in the global leather goods market. It also creates employment avenues for semi-skilled and skilled labour.

Similarly, a positive environment for pharmaceutical outsourcing and investments by multinational companies (MNCs) will boost industry growth and also bring in valuable foreign exchange while generating additional employment.

CRISIL has analysed the employee strength of 2,450 micro, small, and medium enterprises (MSMEs) in the service sector in 2012-13 (refers to the financial year, April 1 to March 31).

The study was conducted to compare the employment generation potential of various industries in the manufacturing sector.