 "Asia has become the centre for mega trans-border infrastructure projects, Road construction")
New project announcements witnessed a sharp contraction of 33.4 per cent in the Q4 of 2017-18 to Rs 2.8 trillion as against Rs 4.2 trillion in the same period of FY17. On a quarter-on-quarter basis, the fresh project announcements more than doubled the figure of Rs 1.3 trillion in Q3 of 2017-18.
A bulk of the new project announcements in the March quarter of 2017-18 were in electricity, transport services and chemicals & chemical products, says a report from ratings agency Icra.
Completion of previously announced projects also showed a downtrend as it shrunk by 30.9 per cent year-on-year (y-o-y)
