Investment monitoring firm, Projects Today, has reported an escalation in investments by India’s private sector during the second quarter. It said that the ‘investment announcements’ in the private sector zoomed by 66% between July and September to about Rs 5.7 lakh crore, as compared to the first quarter of 2022-23. The first quarter (Q1) had seen a drop of 20.5% in new investments.
The latest survey by Projects Today has observed an upsurge of 87% (quarter-on-quarter) in the manufacturing sector investments, worth Rs 4.34 lakh crore. This is believed to be more than 56% of the all new investment expenditures during the second quarter. According to the survey report, the second quarter (Q2) was accentuated by the super mega projects like Vedanta’s Rs 1.54 lakh crore plan for manufacturing chips in Gujarat that led to a 41% jump in overall investment projects.
The report said, “As against 130 mega projects aggregating ₹6.19 lakh crore announced in the first half of last fiscal, this year has seen 162 mega projects worth over ₹9.2 lakh crore, including super mega projects of business houses like Vedanta, ACME, and Adani”.
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