Reliance Industries is also investing in a battery giga factory in the new energy business vertical that will be ready by 2026 even as its capex in Reliance Jio in 5G rollout is almost over
MUMBAI (Reuters) - Larsen & Toubro, India's largest capital goods company, expects the contribution from private sector projects to be at about a third of its orderbook as investment activity picks up, a senior executive said.
Corporate tax has been slashed. PLI scheme is offered. Stock market is confident. Foreign investment is pouring in. But why are Indian businesses shying away from more investment? Let's find out
Capacity utilisation, they said, varied between 20 and 40 per cent at their units, hardly good news for a sector that was looking to recover from a general consumption slowdown