{"id":26414,"date":"2022-02-23T15:48:58","date_gmt":"2022-02-23T10:18:58","guid":{"rendered":"https:\/\/plyinsight.com\/?p=26414"},"modified":"2022-02-23T15:48:58","modified_gmt":"2022-02-23T10:18:58","slug":"india-inc-to-benefit-from-govts-massive-capex-push","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/india-inc-to-benefit-from-govts-massive-capex-push\/","title":{"rendered":"India Inc to benefit from govt’s massive capex push"},"content":{"rendered":"

The Union budget announcement to raise government capital expenditure by 35.4 per cent to R7.5 trillion will lead to additional orders for Indian companies.<\/strong><\/p>\n

Apart from participating in infrastructure projects such as new roads and highways, railways, Indian companies will also get orders in various other social welfare projects such as drinking water projects which was allocated R60,000 crore and housing projects with an allocation of R48,000 crore.<\/p>\n

CEOs said Indian companies can also participate in setting up additional 100 cargo terminals in the next three years, highway expansion by 25,000 kilometers, four multi-modal national parks; standardization of metro systems including civil structures and four pilot projects for setting up coal gasification. The special assistance to states for capital expenditure has been increased which is expected to support the order inflows for local companies.<\/p>\n

India Inc leaders said increasing capital expenditure is a good move to revive private companies. “The increased capex outlay of R7.50 lakh crore further demonstrates the intent of the government to create the necessary impetus for the economy,”<\/p>\n

The massive hike in public investment will be the booster dose to restart corporate investments. “‘The infrastructure allocation with a focus on technology will generate employment and help transform tomorrow\u201d,<\/strong><\/p>\n

CEOs said the higher spending on capex by the government will be beneficial for Corporate India as it tends to have a multiplier effect on the economy by crowding in private investments through its forward and backward linkages to several other sectors. “This would help to streamline job creation and potentially kickstart a virtuous cycle of consumption-led growth,”<\/p>\n

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\u0907\u0938\u0938\u0947 \u0930\u094b\u091c\u0917\u093e\u0930 \u0938\u0943\u091c\u0928 \u0915\u0940 \u0930\u093e\u0939 \u0906\u0938\u093e\u0928 \u092c\u0928\u093e\u0928\u0947 \u0914\u0930 \u0916\u092a\u0924-\u0915\u0947\u0902\u0926\u094d\u0930\u093f\u0924 \u0935\u0943\u0926\u094d\u0927\u093f \u0915\u093e \u091a\u0915\u094d\u0930 \u0936\u0941\u0930\u0942 \u0915\u0930\u0928\u0947 \u092e\u0947\u0902 \u092e\u0926\u0926 \u092e\u093f\u0932\u0947\u0917\u0940\u0964<\/p>","protected":false},"excerpt":{"rendered":"

The Union budget announcement to raise government capital expenditure by 35.4 per cent to R7.5 trillion will lead to additional orders for Indian companies. Apart from participating in infrastructure projects such as new roads and highways, railways, Indian companies will also get orders in various other social welfare projects such as drinking water projects which […]<\/p>","protected":false},"author":1,"featured_media":7021,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2149],"tags":[],"class_list":["post-26414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-february-articles-2022"],"yoast_head":"\nIndia Inc to benefit from govt's massive capex push - PLY INSIGHT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plyinsight.com\/hi\/india-inc-to-benefit-from-govts-massive-capex-push\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India Inc to benefit from govt's massive capex push - PLY INSIGHT\" \/>\n<meta property=\"og:description\" content=\"The Union budget announcement to raise government capital expenditure by 35.4 per cent to R7.5 trillion will lead to additional orders for Indian companies. 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