'Private sector will have greater share in overall capex'
Financial Express Mumbai|December 12, 2023
Private sector capital expenditure has accelerated in many sectors like steel and automobiles, and will have a greater share in the overall capex in the medium term, according to Anish Shah, group CEO and managing director, M&M, and Ficci president. In an interview with Prasanta Sahu and Rishi Raj, Shah said that the industry expects the economy to grow at 7.5-8% in the current fiscal and 8% in FY25. He also said that several Indian companies are creating products that are winning in India as well as globally, which is a very positive sign. Excerpts:
Prasanta Sahu and Rishi Raj
'Private sector will have greater share in overall capex'

ANISH SHAH, GROUP CEO AND MD, MAHINDRA & MAHINDRA; AND FICCI PRESIDENT

What are your expectations from the upcoming interim/general Budget? 

The last two Budgets were very positive, as economics was at the forefront much more than politics. While we do recognise the realities of politics, we hope that economics continues to stay as much at the forefront as possible.

Do you think Indian firms have the potential to emerge as global leaders in certain sectors and should be helped through certain enabling policies? If yes, which are these sectors?

There are multiple sectors. This is one big change that we are seeing in the last five to seven years. Several domestic companies are creating products that are winning in India versus global competitors by a significant margin. The next step is to be able to take these products around the world and we will have to win around the world. The starting point is can we win in India? Just take the example of the automotive industry. If you look at SUVs, I will bring the Mahindra example here just see what has been done with the XUV 700, the Scorpio and the Thar. These are the products that have been built in India with R&D spent in India, and are winning against all the global majors by a very big margin. Our next goal is to take it to countries around the world and have market leadership in those countries as well. Similarly, other companies in India are building world-class products.

The government is doing heavy lifting in capex. Why is private investment not picking up?

この記事は Financial Express Mumbai の December 12, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Financial Express Mumbai の December 12, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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