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Dec 17, 2022
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Private capex will be back on track soon, says India Inc
The recent comment by chief economic advisor V Anantha Nageshwaran that the private sector must play a greater role in scaling up investment was seen in the context that India Inc is hesitant in investing.
While a majority of companies said they have the appetite to invest and will be in action mode soon, some others are still in a wait-and-watch mode.
Sanjiv Mehta, managing director and CEO of Hindustan Unilever (HUL) and Ficci president, said the risk appetite of private sector hasn’t gone away. “If India keeps growing at 6-7%, then I see no reason why capacity utilisation won’t go up and people will start investing,” he told CNBC TV 18.
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