Businesses expected to reduce capital expenditure by 14% in FY 2012-13.

By bne IntelliNews July 26, 2012
Indian companies are expected to cut capital expenditure by 14% this fiscal year, as a result of the policy logjam and sluggish economic growth. As reported by Indo-Asian News Service, a majority of the companies surveyed have suggested that the policy issues which include land acquisition, mining policy, fuel linkages and spectrum pricing along with delays in project clearances are affecting investments. The government would have to act as an enabler by addressing these bottlenecks, in order to drive investments.
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