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Budget 2022: India Inc to benefit from govt's massive capex push

Companies to bag for roads, railways and defense projects

Union Finance Minister Nirmala Sitharaman holds a folder-case containing Budget 2022-23, in New Delhi (Photo: PTI)
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Union Finance Minister Nirmala Sitharaman holds a folder-case containing Budget 2022-23, in New Delhi (Photo: PTI)

Dev Chatterjee Mumbai
The Union budget announcement to raise government capital expenditure by 35.4 per cent to Rs 7.5 trillion and increased orders for local defense companies will lead to additional orders for Indian companies including L&T, Thermax, Siemens, ABB, JSW Infrastructure, Bharat Forge and Tata group's defense and infrastructure companies.

Apart from participating in infrastructure projects such as new roads and highways, railways, Indian companies will also get orders in various other social welfare projects such as drinking water projects which was allocated Rs 60,000 crore and housing projects with an allocation of Rs 48,000 crore. CEOs said Indian companies can