Govt to keep impetus on infra sector for tendering in near term: Ind-Ra ANI | Updated: May 21, 2021 12:56 IST
Mumbai (Maharashtra) [India], May 21 (ANI): Incremental order inflows in roads, railways, irrigation, housing development projects and distribution segments will drive the demand forecast for the infrastructure sector in FY22, according to India Ratings and Research (Ind-Ra).
Schemes like such as Bharatmala, commissioning of dedicated freight corridors, Swachh Bharat Mission and Jal Jeevan Mission along with affordable housing schemes and National Infrastructure Pipeline will drive order inflows in the medium term.
However, continued competitiveness in these segments is likely to result in a moderation of operating margins of engineering, procurement and construction (EPC) companies.
Second Covid wave unlikely to severely impact textile sector: Ind-Ra ANI | Updated: May 19, 2021 15:07 IST
However, a sustained export demand, learnings from the first wave, stronger balance sheet and liquidity compared to 4Q FY20 when the first wave struck the economy will enable the sector credit profile to remain stable in FY22.
Ind-Ra said the supply chain has been impacted by local lockdowns imposed at key textile hubs like Tirupur, Ludhiana, Surat and Bhilwara. The restricted movement of goods means non-availability of inputs such as yarns and fabric is likely to have a short-term impact on the finished output.
The labour availability has also been impacted but moderately and at much lesser severity than that during the first wave. Shop floors are likely to remain functional at a few plant sites but a restricted occupancy level.
Mumbai (Maharashtra) [India], May 12 (ANI): India Ratings and Research (Ind-Ra) has said the 51.5 per cent year-on-year growth in India's pharmaceutical market during April was led by a low base effect as the market declined by 10.2 per cent in April 2020 due to Covid-19 lockdown.
PLI scheme to reduce cost of manufacturing AC components: Ind-Ra ANI | Updated: Apr 26, 2021 14:29 IST
The scheme for airconditioners will provide an incentive of four to six per cent on incremental sales of goods manufactured locally over a period of five years. The minimum investment varies depending on nature of projects (large or small) as well as upon the nature of component.
India s high reliance on imports in the sector exposes companies to forex risks as well as supply chain disruptions on account of dependence on select geographies. As such, the scheme is likely to see increased investments from various domestic and global players in the sector, said Ind-Ra.
Mumbai (Maharashtra) [India], April 23 (ANI): The cost of vaccinating the entire population above 18 years of age will be only 0.36 per cent of the gross domestic product (GDP), according to India Ratings and Research (Ind-Ra).