Planned Private Capex Based Pipeline Projects Estimated At Rs 1.20 Lakh Crore In FY20, Up 42% On Year

The Reserve Bank of India (RBI) reported that there are some signs of improvement in private corporate investment in 2019-20. The total cost of projects sanctioned/contracted through various channels of financing altogether increased to Rs 2,53,705 crore in 2018-19 as against Rs 2,07,673 crore in 2017-18. The increase in the total cost of projects sanctioned/contracted by major channels of financing continued in H1:2019-20 over H1:2018-19. The planned capex based on the pipeline projects (already sanctioned in preceding years) is estimated to be higher at Rs 1,20,157 crore in 2019-20 over the previous year (Rs 84,602 crore).

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