New investment announcements drops to Rs.768 bln in Dec 2017 qtr
Lowest since June 2004 qtr
According to CMIE’s CapEx database, 490 new investment proposals
with investments worth Rs.768 billion were announced in December
2017 quarter. These were lowest recorded since June 2004 quarter.
Announcement of new project proposals dropped sharply in
fiscal 2017-18. In the first 3 quarters of current fiscal,
1,721 projects with investments worth Rs.4 trillion were announced as
against 2,517 projects with investments worth 9.2 trillion announced in
Completions of new capacities were also lower by 19 per cent on a y-o-y
basis. 300 projects with investments worth Rs.769 billion were commissioned.
However, the aggregates for completion of projects
are expected to improve as information on commissioning of projects comes in
with a lag. 51 projects with investments worth Rs.179 billion were stalled.