Steady and cautious: What India's conglomerates are doing for capex push

Companies are reluctant to invest in new factories and plants when existing capacity is not fully utilised

Finance Minister Nirmala Sitharaman told Parliament on Wednesday that companies are increasing investments in factories and other assets, helped by government incentives such as the production linked incentive (PLI) Scheme.

Business Standard analysed what large business houses have added as net fixed assets since the pandemic. Many have not added fixed assets to match business growth since Covid-19 first began to affect the global economy two years ago.

The analysis looked at the Adani, Mukesh Ambani, Tata, Aditya Birla, Mahindra, Godrej, Bajaj and the JSW groups. It considered the change in net fixed assets of these business groups. The analysis