2012-13 Saw a Decline in Stalled Investment Projects in Manufacturing

CII had covered the state of investment projects in India on an aggregate basis, providing an analysis in terms of its classification on the basis of ownership, broad sectors and state-level.

Our analysis showed that the investment scenario in the country had suffered in the last five year or so as reflected by the significant rise in stalled/shelved projects coupled with decline in the new projects over the same time period. The trend across sectors and states was no different, with the crucial sectors such as electricity and services sector witnessing a rise in stalled projects over the period. In this issue, we dwell on the crucial manufacturing sector, whose recovery is critical for lifting the overall GDP growth in the economy. We have used CMIE’s CapEx database for extracting the relevant information. 

India@75: The Peoples’ Agenda

Can you dream of an India that provides all its citizens an opportunity to live their lives with equal rights and dignity? An India that leads the world in every sphere yet is recognized as a benchmark for moral values and mutual respect. Imagine beholding with our very eyes, the nation that became the dream of a generation, at the stroke of a midnight hour, more than 65 years ago.

Dream of an India which wakes up everyday and gets ready to go to school – where all kids regardless of social and economic status have access to state of the art educational facilities. An India where all men and women are literate, and which provides equal opportunities to each individual to determine his/her future. Imagine an educational system which provides lifelong skills and allows people to come back whenever they want. Visualize Indian universities as global centers of learning recognized for producing the best quality minds in an environment off trust, honesty and social welfare. Think of thousands of vocational training institutes which provide job oriented education and produce the world’s largest pool of skilled and employable manpower. 

Economy Matters

While the global recovery process is moving well, the road to recovery remains bumpy as seen in the recent economic indicators.

The divide between developed and emerging economies is becoming wider.

According to latest OECD forecasts, GDP growth in OECD countries is projected to rise by an anemic 1.2 per cent this year and by 2.3 per cent in 2014, while growth in non-OECD countries will surge by 5.5 per cent this year and 6.2 per cent in 2014.

Further, high unemployment remains the most serious challenge facing governments across the globe. In such a situation, supportive monetary policies, improving financial market conditions and a gradual restoration of confidence remains at the root of ensuring a sustained and smooth recovery. 

CII’s High-Profile CEOs delegation to attend St Petersburg International Economic Forum

India and Russia bilateral trade, though on the upswing, has been far below the potential.

Russia has a dynamic and optimistic attitude towards private investment and is a very good destination for high end software development and energy investment. Russia offers the benefits of low cost structure and high literacy rates. India on the other hand offers huge opportunities in infrastructure, metallurgy, real estate, pharmaceuticals and other sectors.

A high-profile CEOs delegation from CII, will accompany Mr. Anand Sharma, Minister of Commerce, Industry and Textiles to the prestigious international conference St Petersburg International Economic Forum (SPIEF) in St Petersburg, Russia. The 25-member delegation is led by Mr Kris Gopalakrishnan, President CII and Vice Executive Chairman of Infosys Ltd.