Increased Capex on Infra to Spur Steel Demand, Attract investments, Say Experts
11 months, 1 week ago

Increased Capex on Infra to Spur Steel Demand, Attract investments, Say Experts

Deccan Chronicle  

NEW DELHI: The increased capex on infrastructure in the budget will spur domestic steel demand, attract investments and create job opportunities, industry players and experts said. Anubhav Kathuria, Director, Synergy Steels said the expansion of PM-Awas Grameen Yojana to 2 crore more houses and the conversion of 40,000 existing railway bogies to Vande-Bharat standards besides the three new railway economic corridors, NaMo Bharat and metro projects are expected to be key drivers for stainless steel demand. Lalit Khetan, Whole time director, Ramkrishna Forgings said the budget's focus on enhancing infrastructure, promoting sustainable transportation solutions, and fostering entrepreneurship bodes well for the growth and development of both the EV and railway sectors in India. Sharat Chandra, CEO, Shirdi Sai Electricals said the one crore rooftop solar projects has the potential to spur not just the domestic photovoltaic module manufacturers and attract sizeable investments but it will also charge the entire electrical manufacturing and supply chain ecosystem.

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History of this topic

Centre weighs easing conditions for interest-free capex loans to states
4 days, 3 hours ago

Centre weighs easing conditions for interest-free capex loans to states

Live Mint  

New Delhi: States may find it easier to get 50-year interest-free loans for capital expenditure from the Centre in the last quarter of the current fiscal year. “The idea is to fast-track the disbursement of interest-free capex loans during the last quarter of the fiscal to encourage states to spend more on capital expenditure," the first person mentioned above said. …

Capex plans, robust demand may keep KEI Industries charged up
1 week, 3 days ago

Capex plans, robust demand may keep KEI Industries charged up

Live Mint  

KEI Industries Ltd is preparing to carry out its enhanced capital expenditure guidance. These funds are expected to help its balance sheet and support its greenfield expansion at Sanand in Gujarat, where it has plans for ₹1,800-1,900 crore of capex to increase its cable capacity. “Its cable capacity increased about 36% and wires capacity 27% in H1FY25 compared to FY24-end …

Highway capex moves in slow lane in FY25
3 weeks, 3 days ago

Highway capex moves in slow lane in FY25

Live Mint  

Spending to build and expand India's sprawling highway network has slowed sharply, with the Centre achieving only 55% of the capex target in FY25. In the April- November period, the National Highways Authority of India and the National Highways and Infrastructure Development Corp. Ltd which come under the road ministry, built less than 5,000 km of national highways, lower than …

Industry needs to up R&D spend, expect govt capex growth to sustain: Ficci
3 weeks, 6 days ago

Industry needs to up R&D spend, expect govt capex growth to sustain: Ficci

Live Mint  

New Delhi: Businesses need to step up their research and development spending, and the industry expects the government to sustain the growth in budget allocation for capital expenditure as these two would help the Indian industry to become more competitive in global markets, Harsha Vardhan Agarwal, president of Federation of Indian Chambers of Commerce and Industry, and vice-chairman and managing …

Capex support will continue for infrastructure development: Minister Chaudhary
3 weeks, 6 days ago

Capex support will continue for infrastructure development: Minister Chaudhary

Live Mint  

India's capital expenditure on infrastructure projects such as roads, railways, ports, airports, and telecommunications has been rising steadily over the years, and the government stands ready to make adequate funds available in next year's budget as well to maintain the sector's growth momentum, minister of state for finance Pankaj Chaudhary said on Friday. India aims to become a developed nation …

₹100 trillion infrastructure plan to roll out over 5 years
1 month ago

₹100 trillion infrastructure plan to roll out over 5 years

Live Mint  

New Delhi: A grand plan to build India’s infrastructure to a new level is in the works. This person said the capital expenditure for infrastructure is likely to touch ₹100 trillion in five years, which would be used to transform India’s ports, airports, roads and other utilities. The blueprint would include a ₹20-trillion master plan to develop 50,000 km of …

Private Industrial Capex to Touch Rs 6.7 Lakh Cr in FY28
1 month, 2 weeks ago

Private Industrial Capex to Touch Rs 6.7 Lakh Cr in FY28

Deccan Chronicle  

Chennai: Private industrial capex is expected to go up 52 per cent from Rs 4.4 lakh crore in FY24 to Rs 6.7 lakh crore in FY28 as India transitions to value-added manufacturing, increases capacity utilization in conventional sectors and attracts green energy investments. As India moves forward, while infrastructure capex is expected to continue to grow, private sector investments are …

Budget 2024: Growth, reforms and infrastructure
5 months, 2 weeks ago

Budget 2024: Growth, reforms and infrastructure

The Hindu  

The 2024 Budget signals policy continuity. Specifically, the Budget focuses on these key priorities - resilient agriculture, promoting skill development, driving employment and inclusivity, accelerating infrastructure development, energy security, fostering innovation and progressive reforms. Focus on infrastructure The government has earmarked an impressive capital expenditure of over ₹11 lakh crore, equivalent to 3.4% of the GDP, towards infrastructure development. By …

New, emerging sectors primed for heavy lifting
5 months, 2 weeks ago

New, emerging sectors primed for heavy lifting

Live Mint  

A raft of policy initiatives mounted in recent years appear to be ever so gradually stoking private sector capital expenditure. First, growth stability, spillover from government investments in linked sectors, the Production Linked Incentive scheme and subdued commodity prices have meant the contribution of the private sector is cautiously inching up, as evident in the improving share of GFCF from …

Modi government's Capex ambitions face budgetary constraints amid political pressures
5 months, 3 weeks ago

Modi government's Capex ambitions face budgetary constraints amid political pressures

New Indian Express  

NEW DELHI: The Narendra Modi-led government, since it took reins in 2014, has boasted of creating infrastructure at an unprecedented pace. In the first 10 years of his government’s tenure, the government has increased allocation to capital expenditure – spendings on creating infrastructure and other productive assets – by over five times. As Finance Minister Nirmala Sithraman readies herself to …

Corporate sector capex to fuel economic growth: RBI
10 months, 2 weeks ago

Corporate sector capex to fuel economic growth: RBI

New Indian Express  

NEW DELHI: The Reserve Bank of India, in its February bulletin, on Tuesday said the fresh round of capex by corporate sector would likely fuel the next leg of economic growth. As per the apex bank, notable fixed asset growth is seen in oil, gas, and chemicals, while sectors like steel and automobiles lag in fixed asset additions despite strong …

A case of capex under the ‘macroscope’
11 months, 1 week ago

A case of capex under the ‘macroscope’

The Hindu  

India’s economic recovery in the early post COVID-19 pandemic phase was distinctly underscored by a strong performance in exports and domestic investments. The FY25 Interim Budget carries forward the ethos of public capex a notch higher, thereby bolstering the government’s commitment to high quality spending. The budgeted capex by the central government, an important metric for capacity creation in the …

Interim Budget 2024: Overall spending likely to see 10% hike, says report
11 months, 3 weeks ago

Interim Budget 2024: Overall spending likely to see 10% hike, says report

India Today  

The upcoming interim budget for the fiscal year 2024-25 may witness a cautious approach from the government, with an anticipated 10 per cent increase in overall spending compared to the current fiscal year, reported The Economic Times. Despite the economy's robust growth, with a forecasted 7.3 per cent increase in Gross Domestic Product for the fiscal year 2023-24, the government …

Centre to take foot off capex pedal after FY25 budget
1 year ago

Centre to take foot off capex pedal after FY25 budget

Live Mint  

NEW DELHI : After an expected spurt in the next fiscal year, government capital expenditure may grow at a more sedate pace in the years ahead as the Centre sets its sights on fiscal consolidation, two people aware of the plans said. A second reason for the modest increase in capex after 2024-25 is the saturating fund absorption capacity of …

Budget 2023: Proposals offer a compassionate note for middle class
1 year, 10 months ago

Budget 2023: Proposals offer a compassionate note for middle class

Firstpost  

Budget 2023 has played a sweet tune to boost the nation’s sentiment–offering a compassionate note for the nation’s middle class, food security, and care for the less privileged. An allocation of Rs 10 lakh crores, a significant increase of 33 per cent will address two critical challenges for new India–improved global standard infrastructure and unemployment. A few missed opportunities While …

Capex bet and a welfare miss: Story of Budget in nine charts
1 year, 11 months ago

Capex bet and a welfare miss: Story of Budget in nine charts

Live Mint  

In the last full-year Budget before the 2024 general elections, finance minister Nirmala Sitharaman delivered her shortest speech, hitting all the right notes. HEARTY CAPEX In 2023-24, which is likely to see a global growth slowdown, the Centre has budgeted a record capital expenditure of ₹10 trillion, up nearly 37% from the revised estimate of the ongoing year. Meanwhile, following …

Trains, Roads, 5G, Defence: Where Does Rs 10 Lakh Cr Capex Budget Go? Three-fourth in 4 Ministries, Depts
1 year, 11 months ago

Trains, Roads, 5G, Defence: Where Does Rs 10 Lakh Cr Capex Budget Go? Three-fourth in 4 Ministries, Depts

News 18  

More highways and expressways, Vande Bharat trains, rapid laying out of 5G infrastructure and shoring up India’s defences – this is the top priority of the Narendra Modi-led government in the next financial year with just four ministries or departments accounting for nearly 73 percent of the massive Rs 10 lakh crore capex budget in 2023-24. The budget documents show …

Budget 2023: ‘50-year interest-free loans for states to continue…’, says FM
1 year, 11 months ago

Budget 2023: ‘50-year interest-free loans for states to continue…’, says FM

Hindustan Times  

Finance Minister Nirmala Sitharaman on Wednesday announced that the Centre will continue 50-year interest-free loans to state governments for one more year. Budget 2023: ‘50-year interest-free loans for states to continue…’, says FM Check budget live updates here Presenting the Budget for 2023-24, she said the newly established infrastructure finance secretariat will assist in attracting more private investment. On October …

Only a handful of large firms ready for big spending
2 years, 2 months ago

Only a handful of large firms ready for big spending

Live Mint  

MUMBAI : Finance minister Nirmala Sitharaman’s expectation that private sector capital spending will power India’s economic growth appears to be wishful thinking as most companies, barring a handful of large conglomerates and state-run corporations, remain wary of new investments amid rising interest rates. Bankers said that the private capex cycle is quite uneven as large spending is mainly restricted to …

The Indian capex wheel has begun to take a green turn
2 years, 8 months ago

The Indian capex wheel has begun to take a green turn

Live Mint  

Corporate capital expenditure in India is poised for a leap in a new direction—green investments. Industrial capex, which comprised only a fourth of overall annual average capex of about ₹12 trillion in the past five fiscal years, is estimated to have grown at a pace of over 30% in 2021-22, far faster than the compound annual growth rate of 6% …

Capex hike to social sector cuts: The story of Budget 2022, in nine charts
2 years, 11 months ago

Capex hike to social sector cuts: The story of Budget 2022, in nine charts

Live Mint  

An aggressive focus on government spending led on the capital side was the big theme of Finance Minister Nirmala Sitharaman's second pandemic budget. We explore Budget 2022 in nine charts: Dissecting the capex For an economy emerging out of a pandemic, Finance Minister Nirmala Sitharaman was expected to ramp up the capital expenditure markedly. Welfare cuts Unlike last year, Sitharaman …

Two-third of budgeted capex achieved by the govt: CEA
5 years ago

Two-third of budgeted capex achieved by the govt: CEA

Live Mint  

A series of measures taken by the government in the last few months to revive growth has started showing some results and the Centre will continue to support the industry and intervene as and when required, finance minister Nirmala Sitharaman said on Friday. In a presentation, chief economic adviser Krishnamurthy Subramanian listed the measures taken by the government to boost …

PM Modi needs rivals’ help to meet $3 trillion infrastructure goal: Crisil
5 years, 1 month ago

PM Modi needs rivals’ help to meet $3 trillion infrastructure goal: Crisil

Live Mint  

Prime Minister Narendra Modi must invest trillions of dollars on roads and other critical infrastructure if he’s to pull India’s economy out of its slump, with at least half coming from provincial governments that are out of his control. India will need to spend 235 trillion rupees on infrastructure over the coming decade to return economic growth rates to more …

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