Broad-based private sector capex may take time till Q4 to revive: Experts

This is despite the announcement of expansion plans of some large companies, and is the outcome of the second wave

Broad-based capital expenditure by the private sector may have to wait till at least the beginning of the fourth quarter of the current financial year even as some large companies have announced expansion plans.

Indian conglomerates have announced several investment plans which include Vedanta announcing $20 billion investments in doubling its capacity, Reliance Industries $10 billion in renewable energy and the Adani group planning to invest in the petrochemicals sectors. The Tata group has also announced investment in a new semiconductor manufacturing unit without giving any details.

Vedanta aims to double its production of silver, which is not only a