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    HomeNewsBusinessMarketsGovt needs to raise capex in roads, rail, defence: Deutsche

    Govt needs to raise capex in roads, rail, defence: Deutsche

    Abhay Laijawala, Deutsche Equities says the brokerage believes the government needs to unequivocally signal its medium-term commitment to reviving stalled investment momentum, through increasing capital expenditure in critical sectors like roads, railways, irrigation and defence.

    February 20, 2015 / 13:57 IST

    Abhay Laijawala, Deutsche Equities says the brokerage believes the government needs to unequivocally signal its medium-term commitment to reviving stalled investment momentum, through increasing capital expenditure in critical sectors like roads, railways, irrigation and defence.

    “The government can do this by articulating a 3-4 year roadmap to raise share of capital expenditure to 20 percent of total budget expenditure by FY18 from 10-12 percent currently,” he adds.

    According to him, key beneficiaries will be L&T, Siemens, UltraTech Cement, Axis Bank, SBI, SAIL, Tata Steel, Container Corporation and Gujarat Pipavav.

    first published: Feb 20, 2015 10:08 am

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