Capex Spending In India

New Delhi to meet fiscal target in coming year, capex a longer shot

A key government objective is to bring the deficit down to 4.5% of GDP by 2025/26. Respondents were evenly split on whether it would succeed

Union Budget 2023: Capital expenditure to be hiked by 33% to Rs 10 trillion

Budget 2023: PAN cards will be used as a common identifier for all government schemes, the FM said in her Budget speech

India Inc's capex juggernaut on the roll, says Economic Survey 2023

Private capex at Rs 3.3 trillion recovers in first half FY 2023 vs Rs 2.6 trillion in first half of 2022

Budget 2023-24: Centre to target higher capex but lower fiscal deficit

Budget 2023-24: The Centre is expected to peg the fiscal deficit target for FY24 below 6 per cent, and the capex is likely to jump 20-30 per cent

Best of BS Opinion: Capex push in states, Crisis in the Himalayas, and more

Here is the best of Business Standard's opinion pieces for today

Big states lag on capital expenditure front despite Centre's support

Economists say many poll-bound states chose to focus on scheme and subsidy spending

Asian Paints announces Rs 2,400-cr capex plans for two manufacturing units

Asian Paints on Thursday announced Rs 2,100 crore of phased investment to set up a new plant to produce vinyl acetate ethylene emulsion (VAE) and vinyl acetate monomer (VAM) in the country. The company also announced another Rs 550 crore of investment to set up a white cement plant in the UAE in partnership with two local firms there. The board has approved setting up of a manufacturing facility for VAE and VAM in the country. The company will invest around Rs 2,100 crore in the plant over the next three years, which includes the cost of land, the company informed the stock exchanges without giving other details like the location of the plant among others. The statement also said the plan is subject to entering into definitive agreements, including technology licence agreement from the US-based Kellogg Brown & Root, for manufacturing VAM and VAE and obtaining the necessary regulatory and other approvals. The proposed plant will have an installed capacity of 1 lakh tonne per annum .

13 states can incur capex worth Rs 7.4 trillion in FY23: ICRA report

Spending space available without pressure to their fiscal profile, says agency

Capex on new projects declines further in Q2 amid higher borrowing costs

Higher global borrowing costs are expected to affect growth prospects

Steel players' hopeful of export duty withdraw; okay with capex plans

Export duty imposed on certain steel products recently will not force steel makers to review their capital expenditure plans as top producers expect it to be a "short-term" move to stabilise inflation

Capital goods: Capex push likely in Union Budget to support growth

The Budget is expected to push public capital expenditure (capex) and simultaneously create a conducive environment for private capex

Cash flows and margins to guide start-ups, says Kumar Mangalam Birla

Competition for investment & FOMO have pushed up valuations, he says

Private sector investments yet to gather pace despite finmin optimism

Private sector prefers to be in wait-and-watch to see sustainability of demand and how markets play out as tapering sets in with most central banks

With little room left for govt capex, economy looks at private investments

However, low demand in the economy has been arresting fresh investments, and experts tracking India Inc have not seen any major announcement in this zone

Budget 2020: Railway capex may rise 18% to all-time high of Rs 1.9 trn

A major concern for the finance department of the railways is the decline in internal resources

Investment climate subdued on slower capital expenditure plans: Study

The country's investment climate during April-December period of this fiscal looks subdued with declining figures in announcement of new projects and the number of projects under execution.According to data by the Centre for Monitoring Indian Economy (CMIE), the value of investment in new projects during April-December was Rs 4.43 trillion, less than half of Rs 9.21 trillion in the comparable period of last fiscal. Moreover, the value of projects completed at Rs 2.83 trillion was down by 35.3 per cent from Rs 4.38 lakh crore in the year ago period.The valuation of dropped projects in the period under was 23 per cent higher at Rs 10.17 trillion compared with Rs 8.29 trillion.Credit growth in manufacturing sector was subdued till December. "The other sectors which could be linked with investment performed better like services and mortgages (within retail loans). There is however, no clear indication of such lending going for investment purposes", a report by CARE Ratings stated.The ...