Q2 FY18: 68th Survey of Projects Investment in India
As per the 68th Survey of Projects Investment in India, the July-September 2017 period saw announcement of 2,675 new projects involving an aggregate projex of Rs 2,40,898 crore. Compared to the 2,528 projects worth Rs 2,07,600 crore announced in the same period a year ago, this indicates an increase of 16 percent in total projex.
Though the dominance of the government in new projex continued during July-September 2017 too, fresh projex by private sectors too registered an impressive increase on a Y-o-Y basis. As against 426 projects worth Rs 45,384 crore announced during the quarter ended September 2016, 438 projects entailing a total investment of Rs 62,450 crore were announced during the quarter ended September 2017.
The survey indicates that during the July-Sept 2017 period, 35 mega projects, each worth Rs 1,000 crore or more, were announced. Of this, 16 were by the Private sector. A year ago, 49 mega projects were announced in the same period.
Among the major sectors, Electricity and Infrastructure attracted the bulk of fresh investments, thanks to some mega electricity projects announced by NLC India, Punjab State Power Corporation, and NTPC.
The latest quarter ended September 2017 saw 113 projects worth Rs 69,032 crore being stalled. This was the lowest stalled projex figure in the last six quarters.
While a total of 179 projects entailing an investment of Rs 22,506 crore were completed in July-September 2017.
Projects Today expects the dominance of the Public sector to continue in the projects investment arena till at least March 2018.
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