Good time for cos to invest in India

Hindalco MD Satish Pai says PLI scheme, state incentives are encouraging cos to invest in India

- DIPAK MONDAL @ New Delhi

IT is a good time for domestic companies to invest more in India – the current environment is very conducive, India's economic growth will be more than the rest of the world and there is also policy consistency from the government, says Satish Pai, managing director of Hindalco Industries in an interaction with TNIE.

Pai also mentioned that the production-linked incentive (PLI) scheme and state incentives are also encouraging industries to invest in India.

Hindalco has committed ₹40,000 crore investments over the next three years in brown-field expansion.

"It's not just for announcing, we are actually doing the project. I think for us, it was the market condition and the strength of our balance sheet (which helped us make these investments)," says Pai.