Private Industrial Capex to Touch Rs 6.7 Lakh Cr in FY28
4 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 also stepping up in conventional industries as well as emerging sectors, finds Crisil. Capex-intensive conventional sectors, which account for 70 per cent of the industrial capex, are likely to maintain capacity utilization above decadal averages. Emerging sectors such as electric vehicles, semiconductors and electronics are poised to become main drivers of industrial capex with India focusing on value-added manufacturing.

India Investments Green Cent Sectors Capex Lakh Cr Emerging Sectors Industrial Capex  india  capex  67  emerging  cr  industrial  touch  fy28  private  energy  cent  lakh  investments  sectors  infrastructure  green  rs

History of this topic

Capex support will continue for infrastructure development: Minister Chaudhary
1 week, 3 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 …

‘Centre, state CPSE capex could decline in FY25’
1 week, 6 days ago

‘Centre, state CPSE capex could decline in FY25’

Live Mint  

New Delhi: Capital expenditure by central infrastructure ministries, central public sector enterprises and state governments is expected to slow in FY25 after rising to a five-year high of 5.87% of GDP in FY24 due to reduced spending in the first two quarters, two people familiar with the matter said. "The Centre will continue its capital expenditure push in the upcoming …

Govt plans survey of lagging private capex
2 months, 4 weeks ago

Govt plans survey of lagging private capex

Hindustan Times  

The statistics ministry is planning to conduct a survey of private-sector capital investment going into the economy, which has been lagging government capex but is critical for growth and jobs in Asia’s third-largest economy, a senior official has said. Private sector investment has grown at a slower pace, outstripped by government fixed capital formation, a measure of public spending on …

New, emerging sectors primed for heavy lifting
5 months 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 …

New private investments dropped over 15% in 2023-24; States led capex growth
8 months ago

New private investments dropped over 15% in 2023-24; States led capex growth

The Hindu  

Fresh investment plans by the private sector fell 15.3% in 2023-24, while foreign investors slashed new outlays by almost a third, dragging down the value of new investment announcements in the country almost 5% from the all-time high of almost ₹37 lakh crore recorded in 2022-23. Manufacturing’s share in new investments, declined from almost 54% in 2022-23 to 33.8% of …

Oil & Gas Companies Spend Only 4-8 pc of Capex on Greening Efforts
8 months, 4 weeks ago

Oil & Gas Companies Spend Only 4-8 pc of Capex on Greening Efforts

Deccan Chronicle  

Chennai: Indian oil and gas companies spent 4 – 8 per cent of their total capex on greening efforts in FY22 and FY23 against 20 -25 per cent spent by global companies. Indian oil and gas companies spent 4-8 per cent of their total capex on greening efforts such as carbon capture utilisation and storage, green hydrogen, battery and storage …

Morgan Stanley on India's economy: Boom like 2003-2007, on cusp of this big push
9 months ago

Morgan Stanley on India's economy: Boom like 2003-2007, on cusp of this big push

Hindustan Times  

India's economic growth rate resembles that of 2003-07 when growth averaged more than 8 per cent, as per Morgan Stanley's report ‘The Viewpoint: India - Why this feels like 2003-07’. Morgan Stanley said that after a decade of investment to GDP steadily declining, capex emerged as a key growth driver in India as “the capex cycle has more room to …

India’s Investment To GDP Ratio To Touch 36 Per Cent In FY27: Morgan Stanley
9 months ago

India’s Investment To GDP Ratio To Touch 36 Per Cent In FY27: Morgan Stanley

ABP News  

India’s current economic growth journey resembles that of the 2003-07 period, when growth clocked an average of over 8 per cent, economists at Morgan Stanley said. Even when oil prices shot up to $145 per barrel in July 2008, the current account deficit only widened to 2.4 per cent of GDP the following quarter,” the report noted. Now that corporate …

Corporate sector capex to fuel economic growth: RBI
10 months 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 …

India to Add 4 Million Green Jobs by Next Fiscal
10 months ago

India to Add 4 Million Green Jobs by Next Fiscal

Deccan Chronicle  

Chennai: Green industry in India provides 18.5 million jobs and is expected to add 4 million more by FY25.“ In India, green industry employs 18.5 million individuals, and there is an anticipation that we would be growing and adding around 4 million more jobs by FY25,” said Nidhi Pant, a 2023 winner of the UK’s Earthshot Prize and co-founder of …

RBI pegs FY'25 GDP growth at 7% on improved consumption demand, private capex spends
10 months, 2 weeks ago

RBI pegs FY'25 GDP growth at 7% on improved consumption demand, private capex spends

The Hindu  

The Reserve Bank of India on February 8 projected GDP growth for the next financial year at 7% on the back of improved household consumption and upturn in private capex cycle. In its Monetary Policy Statement, 2023-24, RBI Governor Shaktikanta Das said the recovery in rabi sowing, sustained profitability in manufacturing and underlying resilience of services should support economic activity …

A case of capex under the ‘macroscope’
10 months, 3 weeks 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 …

Budget 2024: Govt to focus on Make in India initiative to boost manufacturing
11 months ago

Budget 2024: Govt to focus on Make in India initiative to boost manufacturing

India TV News  

To incentivise the manufacturing sector and generate employment, the government may extend the scope of the Production-Linked Incentive scheme in the upcoming budget. Zameer Malik, CEO of Kulsum's Kaya Kalp, said that the government is expected to continue prioritizing capital expenditure, particularly in the infrastructure sector, to drive economic growth. Gurmit Singh Arora, president of the Indian Plumbing Association, said …

Centre to take foot off capex pedal after FY25 budget
11 months, 2 weeks 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 …

Focusing on roadmap to make India a $5 trillion economy: Govt
1 year, 4 months ago

Focusing on roadmap to make India a $5 trillion economy: Govt

Live Mint  

New Delhi: The government’s roadmap to makinge India a $5 trillion economy comprises measures like focussing on inclusive growth, promoting digital economy, fintech, technology-enabled development, energy transition and climate action, and relying on a virtuous cycle of investment and growth, minister of state for fnance Pankaj Chaudhary said on Tuesday. Responding to an unstarred question in the Rajya Sabha, Chaudhary …

ReNew plans ₹35,000 cr capex over 18 months: CEO
1 year, 10 months ago

ReNew plans ₹35,000 cr capex over 18 months: CEO

Live Mint  

New Delhi: ReNew Energy Global Plc, one of India’s largest clean energy developers with a 13.4GW portfolio and 7.7GW commissioned capacity, plans to invest ₹35,000 crore in capital expenditure over 18 months. In an interview, founder chairman and chief executive Sumant Sinha spoke about ReNew’s capital recycling strategy, enough equity availability to build projects in its portfolio, and India’s strong …

Budget 2023: Focus on infra and increased capex to give impetus to demand for zinc
1 year, 10 months ago

Budget 2023: Focus on infra and increased capex to give impetus to demand for zinc

Firstpost  

The Budget 2023 brings hope of green growth reflecting resilience and a high probability of emerging as a $5 trillion economy while keeping net zero and Sustainable Development Goals commitment at the core. Opportunity to go ‘fully green’ The Budget offers an opportunity to fully ‘go green’ by incentivising green products, driving responsible consumption, raising resources, and deploying them effectively …

Tax-Capex double engine in Union Budget 2023-24
1 year, 10 months ago

Tax-Capex double engine in Union Budget 2023-24

Hindustan Times  

Finance minister Nirmala Sitharaman on Wednesday presented a Budget that continued her government’s emphasis on capital investment, with a record ₹10 lakh crore spend planned in 2023-24, sought to encourage taxpayers to spend more with tax cuts, and announced a ₹35,000 crore expenditure on energy transition even as she managed to reduce the fiscal deficit to 5.9% from 6.4% this …

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% …

Increased tax revenue mop-up keeps India on track to becoming $5 trillion economy: Finance Ministry
2 years, 8 months ago

Increased tax revenue mop-up keeps India on track to becoming $5 trillion economy: Finance Ministry

The Hindu  

The focus on capex in the recently announced Budget for the current fiscal year will boost manufacturing and tax revenue collections, thereby keeping India on track to becoming a $5 trillion economy, the finance ministry said on Thursday. Tax revenues in last fiscal year grew by a record 34% to ₹27.07 lakh crore, which the ministry said is "a remarkable …

Coal India's capital expenditure grows 12% to Rs 14,834 crore in FY22
2 years, 8 months ago

Coal India's capital expenditure grows 12% to Rs 14,834 crore in FY22

Firstpost  

Stating that the capex growth in FY'22 came on the back of a strong base, Coal India in a statement said the entire capital expenditure was met through internal accruals New Delhi: State-owned CIL on Tuesday said its capital expenditure registered a growth of 12 per cent to Rs 14,834 crore in FY'22. Stating that the capex growth in FY'22 …

Ambiguities remain amid India's pledges at COP26
3 years, 1 month ago

Ambiguities remain amid India's pledges at COP26

Deccan Chronicle  

Pared of its rhetoric-as-usual toolkit, Prime Minister Narendra Modi’s quantitative commitments at the UN’s Conference of the Parties 26 in Glasgow earlier this month require a closer look than usual. Of the five key commitments, the first one about “net zero” carbon emissions by 2070 remains a distant target as of now though there would be a need for policy …

Coal India Records All-time High Capex of Rs 13,115 Cr in FY'21
3 years, 8 months ago

Coal India Records All-time High Capex of Rs 13,115 Cr in FY'21

News 18  

New Delhi: Coal India on Thursday said its capital expenditure grew more than two-folds to hit an all-time high of Rs 13,115 crore in the just concluded fiscal. “Coal India Ltd more than doubled its capital expenditure to an unprecedented high of Rs 13,115 crore in FY’21…. Against the capex of Rs 6,270 crore in FY’20, the company clocked 109 …

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