Foreign players' share in private sector capital expenditure declines

Domestic players are driving new project announcements

Photo: Bloomberg

Industrial credit grew at 8.1 per cent, compared with 9.5 per cent growth a year earlier. (Photo: Bloomberg)

Sachin P Mampatta Mumbai

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The share of foreign companies in private sector investments, directed towards building new factories and other facilities, has declined over the past six months.

A mix of large domestic announcements and relatively lower growth in foreign capital expenditure (capex) plans have played a role, although foreign investments remain near record levels.

The share of foreign companies in the overall private sector investments over the four quarters ended June 2023 has dipped to 14.9 per cent, as shown by a Business Standard analysis of data from the project tracker Centre for Monitoring Indian Economy. It was 21.9 per cent in December 2022 and 16.5 per cent in March 2023.

First Published: Aug 01 2023 | 7:20 PM IST

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