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Ministry of Heavy Industries organises a discussion cum Manthan on the topic "From Local to Global India - Manufacturing to Self-Reliance" to explore the possibilities of localization ....
"The last few months are more for campaigning/sloganeering rather than actual spending. To that extent, I feel that we may see a tempering of actual capex spend from the government over the next couple of quarters. A real pick-up would be once the new cabinet is in place. For now, we would like to take advantage of any volatility in the prices of capital goods companies to add some from the ‘flow category of companies to our portfolio." ....
"We are already in the midst of a good investment cycle unfolding in India supported by a strong post-Covid demand resurgence that has taken capacity utilization levels to new highs. With bank and corporate balance sheets now in relatively better shape, we think this cycle can maintain strength," says Taher Badshah. ....
"The second half of the year is usually very important from the viewpoint of the overall economy because the second half is more like 40-60. The second half of the year is much bigger. That is one part of it. Secondly, the capex momentum, I would say, particularly from the government side, in the first half has been practically good. Maybe because we are approaching election year. So there might have been some preponement of capex." ....
Strong support from government capex has ensured sustained momentum in investment activity. Further, private sector capex is also gaining ground, as indicated by the expansion in production and imports of capital goods. ....