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Budget 2021 to boost public transport; Railways to spend Rs 1.07 trn in capex
The government plans to deploy two new technologies i.e. MetroLite and MetroNeo to provide metro rail systems at much lesser cost with same experience, convenience and safety in Tier-2 cities and peripheral areas of Tier-1 cities. Read more
FM increases capex by 34.5% in Budget 2021-22 to Rs 5.54 trillion
In addition, more than Rs 2 trillion will be provided to states and autonomous bodies for their capital expenditure during the year. Indian Railways to spend Rs 1.07 trillion for capital expenditure in 2021-22.Read more
For the first time India’s auto component exports exceed imports
The industry clocks turnover of Rs 1.19 trillion ($ 15.9 billion) in the first half of 2020-21 (April-September 2020) registering a de-growth of 34%, as per the data released by Automotive Component Manufacturers Association of India (ACMA).Read more
“Industry 4.0 is inevitableâ€Â
One of the major concerns in the industry today is to convince people to adapt energy efficient technology. According to Palaniswamy PL, Director, Sales, Marketing & Services, Danfoss Drives, India is a very value-for-money concept country.Read more
Indian firms to spend Rs 1 trillion on maintenance capex
Corporates are likely to show an unwillingness to invest in long-term projects due to muted demand and significant leverage, despite a low interest rate environment, says Priyanka Poddar.Read more
