‘Indian companies in preparation for Rs 67 lakh crore investment in 10 years’, claims S&P Global

New Delhi| According to S&P Global, leading Indian companies are preparing for huge investments in the country in the coming 10 years. A report by the global rating agency said that this investment could be worth about $800 billion, or about Rs 67 lakh crore.

The agency has claimed that the amount of rupees that are being prepared to be invested in the coming 10 years is three times the amount invested in the last 10 years. According to the agency, the arrival of such huge investment in the Indian economy is a strong sign of promoting growth and diversification.

According to Neil Gopalakrishnan, credit analyst at S&P Global Ratings, the arrival of such a huge investment in the Indian economy is a strong sign of promoting growth and diversification. About 40 percent of this plan will go to new and emerging sectors such as green hydrogen, clean energy, aviation, semiconductors, electric vehicles (EVs) and data centers.

Vedanta, Tata, Adani, Reliance and JSW Group will play a big role in this investment scheme. US$350 billion is set to be invested in these newly emerging sectors over the next decade.

According to the report, some of India’s largest groups are focusing on new business sectors, but many others will continue to invest in their established business sectors. Their goal is to expand the scale of their business and increase profits. The report suggests that companies like Birla, Mahindra, Hinduja, Hero, ITC, Bajaj and Murugappa Group, known for their conservative growth strategies, will maintain their vision.

S&P Global Ratings estimates that investment in existing businesses could reach between US$400 billion and US$500 billion over the next ten years. These companies have maintained the pace of their investments for the last two years.