SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 14 Oct, 2019  

kotak-ing-thmb.jpg Private sector investment rate may decline: Kotak report

kotak-ing.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 14 Oct, 2019
Private investment in the country may decline given the paucity of large industrial or infrastructure projects for the private sector, a Kotak report said on Monday. This despite a sharp cut in corporate tax announced by the government last month.

The report cited a number of reasons for this such as weak balance sheets and high leverage of most large infrastructure companies, weak commodity cycles and unfavorable policy framework on ownership and operatorship of basic infrastructure assets.

"The government has finally adopted a big 'bazooka' approach to kick-start private investment with a significant cut in the corporate tax rate, but it may have to address other factors of production to encourage greater private sector investment," Kotak said in the report.

Besides, Kotak expects the government to be the primary builder of basic infrastructure in the foreseeable future as current ownership and pricing policies preclude larger private sector investment in the areas of power distribution, railways and urban infrastructure (electricity, transportation and water).

While noting that India has made commendable progress on several 'ease of doing business' parameters over the past few years, the report stressed on the fact that the country still scores quite poorly in several areas related to approvals and contracts.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter