Private Capex Is on the Rise: CII President Rajiv Memani

Confederation of Indian Industry (CII) President, Rajiv Memani, has countered prevailing market sentiment about private capital expenditure, asserting that while there's a perception of a slowdown, private capex is actually taking place across various industry sectors in the country.

- AGENCIES

"There's an atmosphere suggesting that private capex is not happening, but actually capex is happening," Memani stated, citing data showing consistent private investment over the past three years.

The CII President pointed to robust corporate fundamentals as evidence of ongoing investment activity. "If you look at listed companies and attend their AGMs, you'll find that CII members are looking to increase capex. Everyone has strong balance sheets, low debt, and the ability to raise funds from public markets," he explained.