Kumar Mangalam Birla predicts 'Decade of Capex Mahotsav' for India

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The coming decade will see an upsurge in capital expenditure (capex) across many sectors, said Kumar Mangalam Birla, Chairman, Aditya Birla Group, while addressing members of the Indian Chamber of Commerce (ICC) on Friday.

"I believe, we have upon us a forthcoming decade of Capex Mahostav," said Birla.

Birla, who believes that 2021 is the new 1991, shared visible markers of India’s journey ahead. Increased capex is one of those and he made mention of both public spending and private sector-led capex.

“On one hand we have public spending, such as the National Infrastructure Pipeline (NIP), whose size at $1.5