Is India’s capex cycle ready for a rebound?
- A capex cycle is key for the labour market, which has been struggling to create enough jobs in the last few years
- Some experts believe that the ongoing capex announcements aren’t widespread but sectoral. A bulk of the new manufacturing projects in June were in metals, chemicals, machinery sectors.
NE DELHI : The chief executive of India and south Asia at Hitachi ABB Power Grids, N. Venu, doesn’t miss a chance to hard sell the medium-term prospects of his firm. When a Teams video call with Venu gets interrupted by a sudden power cut, Venu quips, “Remote working needs reliable power infrastructure," adding, “We need to have 24/7 power, quality power, reliable and affordable power."