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Budget 2022 - Govt increases capex by 35% to Rs 7.50 trn in 2022-23
In defence sector, 68% of the capital procurement budget will be earmarked for domestic industry in 2022-23, up from 58% in 2021-22. Defence R&D will be opened up for industry, start-ups and academia with 25% of defence R&D budget earmarked.Read more
Industrial investments in India to rise 30% in FY22-24: CRISIL
Without PLI scheme, capex would have likely taken nearly two years to touch pre-pandemic levels, says CRISIL Research. PLI holds the potential to generate Rs 2.2 lakh crore worth of capex over the scheme period (3-4 years).Read more
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
