This confidence, according to industry experts, is rooted in the nearly 4.23 million units of passenger vehicle (PV) sales achieved during FY 24, with sustained growth projected for the coming years.
Around Rs 30,000 crore will be spent on the ‘airside’ in the next five years, while another Rs 30,000 crore will be allocated to the ‘cityside’ in the next five to 10 years at its seven existing airports.
Capital investment is rising, infrastructure is improving and most businesses are seeing signs of recovery, he said. Overall, the economy is doing well, Pillai said.
Airbus currently procures components and services worth $735 million every year from more than 100 Indian suppliers.
Air India has "enormous" potential and efforts are being done to make the group a significant international player.
In its latest move to lift Air India off the ground, the Tata Group last week signed agreements for two orders for around 470 aircraft with both Boeing and Airbus as it moves towards restoring the glory days of the airline.
As per the deal, Air India will purchase 190 narrow-body 737 MAX jets and 30 widebodies -- 20 of the Boeing 787, and 10 Boeing 777Xs.
Air India will get 250 Airbus planes -- 210 single-aisle A320neos and 40 widebody A350s. It plans to get 220 Boeing aircraft, -- 190 of its 737 MAX narrowbody jets, 20 787 wide-bodies and 10 777Xs.
Budget 2022 should have focused on facilitating and providing solutions via deep-rooted reforms in the power sector across the value chain
Early signs point to optimism
Capex is still stagnant as far as early indicators go
However, despite the upward revision to growth, economists are likely to temper their optimism on the outlook given disappointing data on exports and factory output and with the economy expected to weaken due to the Sino-U.S. trade war.
The Japanese company said it has increased the initial amount of capital investment in the Fab 6 production line to 195 billion yen ($1.76 billion), up by 15 billion yen from its original estimate, because it is now going it alone.
The Japanese economy, the world's third-largest, was thought likely to expand an annualised 2.4 percent in July-September versus 2.2 percent annualised growth seen in a preliminary reading, the poll of 16 economists found.
Demonetisation has had many unintended consequences: for commercial banks, it has led to a problem of plenty. As people rush to deposit their old Rs 500 and Rs 1,000 notes, deposits have shot up by Rs 5.44 lakh crore.
"Welcome RBI decision to cut rate. Hope this will stimulate Capital Investment that has been sluggish for months (sic)," Chidambaram, who is also a senior spokesman of Congress, tweeted.
The major chunk of investment, which works out to approximately Rs 3,486 crore and stretches from 2015-16 to 2019-20, will be on land acquisition, followed by Rs 2,032 crore on installation of plant and machinery. WCL has also marked another Rs 242 crore for exploration, Rajiv Ranjan Mishra, Chairman and Managing Director, said.
Nissin Foods Holdings added more meat and toppings to its signature Cup Noodle products earlier this year, and raised prices by 5-8 percent. Sales rose by a tenth in April-September from a year earlier.
Participating in a panel discussion on 'Unlocking Investment in Developing Countries' at the State Department here, Power, Coal, New and Renewable Energy Minister Piyush Goyal said in the next five to six years, India needs huge capital investment around USD 250 billion to meet its renewable energy goals.
Fuel consumption, a proxy for oil demand, surged 15.1 percent in September from the same month a year ago, the biggest rise since August 2005, according to data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry.
Annual growth in capital goods production, a proxy for capital investments, hit a 14-month high of 22 percent in August, government data showed on Monday. That helped overall industrial output expand at its fastest pace in almost three years.
The ratings agency said Asia's large population, GDP growth, and voracious appetite for data services will boost revenues across most of the region's telecom markets.
Global IT majors CSC and HCL Technologies have joined hands to form a banking software and services joint venture company.
NYSA, an advisory & management consultancy group with offices in India, USA, China, Brazil & Singapore, facilitates immigration to the United ...