Two major developments seen in Q3/FY21 -- Continued increase in projex commitments the Private sector & contraction in new capital expenditure proposals by Government agencies.
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In all, 2,085 new projects entailing a total investment of Rs 2,76,482.7 cr were announced in Q3/FY21 as against 2,326 projects worth Rs 2,50,697.5 cr announced in Q2/FY21.
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Private sector announced 711 new projects entailing a total investment of Rs 1,36,946.3 cr in Q3/FY21, indicating a rise of 36.51 pct over the preceding quarter.
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State government registered a steep fall of 24.5 pct in fresh projex in Q3/FY21. As against 1,230 new projects worth Rs 95,445.48 cr announced in Q2/FY21, 993 projects worth Rs 72,060.99 cr were announced in Q3/FY21.
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Fresh projex increased by 22.83 pct in the Central government segment despite fall in the number of new projects. In Q3/FY21, 381 new projects worth Rs 67.475.45 cr were announced by Central government controlled agencies.
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Manufacturing sector saw over 100 pct increase in announcement of fresh projex in Q3/FY21.
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In the Manufacturing sector, 484 new projects worth Rs 80,481.42 cr were announced in Q3/FY21. In this sector, Drugs & Pharma, Metals, Electronics and Automobiles sectors attracted sizeable new proposals.
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Mining sector saw 37 new projects worth Rs 22,917 cr being announced in Q3/FY21. Sub-segments of mining industry like oil exploration & mineral ores attracted a couple of mega projects.
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Electricity sector saw fresh investment declining by 35.18 pct on Q-o-Q basis in Q3/FY21.
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Pruning of fresh capital expenditure plans by funds-constrained, state govt-owned agencies slowed down the recent growth seen in projects investment in the Infrastructure sector.
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Infrastructure sector which had registered a whopping increase of 105 pct in new projex in Q2/FY21 saw such investment increasing by just 11.25 pct in Q3/FY21.
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Roadways, Water, Sewage and Effluent Treatment and Software Parks sectors saw an increase in fresh projex on Q-o-Q basis in Q3/FY21.
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Irrigation sector saw 31 new projects worth Rs 12,598 cr being announced in Q3/FY21. The Irrigation & CAD Department of Andhra Pradesh accounted for nearly 80 pct of the fresh projex planned in this sector.
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Maharashtra topped the fresh projex table in Q3/FY21 with 215 new projects worth Rs 54,713.66 cr and accounted for nearly one-fifth of the fresh projex emanated.
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Andhra Pradesh stood second with 108 new projects worth Rs 29,783.63 cr, while Gujarat and Tamil Nadu took third and fourth position in fresh projex proposed in Q3/FY21.
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