Sharp drop in new investment announcements in FY18
Projects dropped at an all time high
According to CMIE’s CapEx database,
fiscal 2017-18 witnessed announcement of 2,496 new projects
with investments worth Rs.6.6 trillion. These were lower by 52 per cent
in value terms when compared with 3,963 projects with investments worth
Rs.13.8 trillion announced in 2016-17. Projects worth Rs.1.9 trillion
were announced in March 2018 quarter.
Commissioning of new capacities in 2017-18 declined by 42 per cent. 1,522
projects with investments worth Rs.3.69 trillion were commissioned.
Projects worth 739 billion were commissioned in the quarter ended March 2018.
Shelving, stalling and abandoning of projects were at an all time high during
fiscal 2017-18. Investments worth Rs.7.6 trillion were scrapped.
Of these, investments worth Rs.3.3 trillion were dropped in March 2018 quarter.