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Capex catalyst for India Inc
Business Standard
|February 02, 2025
With the Union Budget emphasising "Make in India for the World," along with fresh tax incentives for the middle-class and tax reforms, leaders in India Inc are optimistic that these measures will stimulate fresh investments in the private sector.
The Economic Survey, released on Friday, highlighted the critical role of the private sector in driving economic growth, urging it to ramp up investments as the government and public sector companies begin to step back. At present, aside from major players like the Adani, Tata, JSW, Aditya Birla groups, and Reliance Industries, few companies are investing in expanding new capacities.
The Union Budget on Saturday announced a range of measures aimed at encouraging private investments.
Dilip Oommen, CEO of ArcelorMittal Nippon Steel India said the budget is demonstrating the Government's commitment to sustainable economic growth. "With ₹11.21 lakh crore allocated for capital expenditure, the focus on infrastructure will stimulate growth, especially in the steel sector. Actual spending from the committed outlay within the financial year will set the tone for immediate and future economic growth," he said.
This story is from the February 02, 2025 edition of Business Standard.
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