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Analysts say the weaker spending is one of the reasons for a recent slowdown in India's high frequency economic indicators
Growth is driven by technological dynamism even more than by security for private capital
But project completions slightly lower than in March quarter
The acquisition from ChrysCapital is aimed at accelerating GeBBS' growth as demand for RCM services increases amid complex US healthcare operations
JSW Group firm JSW Infrastructure Limited on Monday said it has approved a capex of Rs 2,359 crore for the capacity expansion at its Jaigarh and Dharamtar Port. As a part of the company's FY2030 growth plan to increase capacity to 400 million tonnes per annum (MTPA) from the existing capacity of 170 MTPA, the Board of the respective subsidiary companies has approved a total capacity expansion plan of 36 MTPA (21 MTPA at Dharamtar and 15 MTPA at Jaigarh), a statement said. The capex plan includes mechanical, civil, and electrical work for the new berths and additional infrastructure like railway siding for Jaigarh Port to boost third-party cargo movement, it added. According to the statement, the expansion will increase the overall capacity of Jaigarh Port to 70 MTPA from the current 55 MTPA and Dharamtar Port to 55 MTPA from 34 MTPA at present. This expansion primarily aims to cater to the increased cargo volume of the anchor customer on the back of the proposed 5 MTPA steel-making
According to the RBI, the infrastructure sector continued to attract the major share of envisaged capital investment, led by the 'roads & bridges' and 'power' sectors
International experience shows how initiatives at the sub-national level can facilitate resource mobilisation for infrastructure development, the report noted
The government needs to take steps such as reviewing personal income tax slabs in the upcoming Union Budget to drive private consumption, which in turn will drive private investment, Godrej & Boyce Executive Director & CEO, Anil G Verma said on Thursday. He also expressed optimism that the government will build upon the solid foundation laid by the interim budget, which focused on boosting infrastructure development, maintaining fiscal prudence, and laid progressive emphasis on women, youth, farmers, and the underprivileged through skilling, welfare measures and financial assistance. "The important area that needs to be addressed now, amongst others, is the continued lower-than-expected growth in private consumption," Verma said in a statement. Asserting that private consumption drives private investment, he said, "Therefore, I am hopeful that the GoI (government of India) will take steps that boost consumption through a slew of measures that could include optimising GST ...
Centre and states capex now at Rs 19 trillion, cornered by infra
Public non-finance corporations' (PSUs) share in investment continued to decline, registering at 9.4 per cent in FY23, according to government data
India accounted for more than half of all Asia deals with West Asia investors and 58% of the capital invested in Asia during the period, outpacing China and Southeast Asia
Private capital is not fully ready to embrace both the risks and opportunities associated with funding energy transition, Chief Economic Adviser V Anantha Nageswaran said on Thursday. Speaking at the Raisina Dialogue 2024, Nageswaran said there is a lot of talk about funding energy transition and climate change requirements but nothing much is happening on the ground. Citing an example, he said, yields on sovereign green bonds that India issues only have a benefit of one or two basis points. "It is very clear that private capital isn't fully ready to embrace both the risks and the opportunities associated with funding energy transition. Now, if that requires further de-risking by the multilateral agencies, or by sovereigns, then that is an explicit cost that needs to be factored in, given the not so great fiscal situation of several other countries after the pandemic and the debt crisis," he said. During India's G20 presidency, he said, "we did bring out the two volume report of th
RBI Monetary Policy Committee (MPC) member Jayanth R Varma has said that capacity utilization has been slowly increasing and private capital expenditure would pick up in the coming years. Varma further noted that in the last couple of years, the government has shouldered the burden of investment, while private capital expenditure has been muted. "At the same time, capacity utilization has been slowly creeping up and it is approaching levels that prompt the private sector to undertake capital expenditure at least in some sectors," he told PTI. Moreover, Varma, a professor at the Indian Institute of Management, Ahmedabad said large public sector infrastructure investment of the recent years has the potential to crowd-in private sector investments. "On the whole, I am hopeful that private capital expenditure would pick-up in the coming years, and pick-up the baton from the public sector," he said. Asked whether India can escape the middle income trap, Varma said it is imperative that
Singh said that MDBs have to make their own assessment and putting additional money is not untouchability
On inflation, Nageswaran said that the food inflation is likely to subside with the arrival of fresh stock in the market and government pre-emptive measures
Companies in metals, mining, energy transition, airports and data centres have driven orders from the private sector in recent quarters, says CFO R Shankar Raman
Debt financing platform's investment amount was not revealed; it will make equity infusion later
'Conditions are ripe for a private capital expenditure cycle over the next few years'
The government may be tempted to showcase its own achievements. But it must resist this temptation
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