\"\"
<\/span><\/figcaption><\/figure>Capital expenditure<\/a> of manufacturers has picked up pace over the years as the government’s production linked incentive<\/a> (PLI) scheme has attracted bids across sectors, however the deployment of CAPEX<\/a> is expected to pick up only in FY24 for more than 80% of the projected investments, says ratings agency Icra<\/a>.

According to the recent report by ICRA the annual capex from the PLI schemes is expected to cross Rs 1 trillion from FY24 and may peak out at Rs 1.7 trillion in FY26 while it is expected not cross Rs 0.4 trillion mark in current fiscal.

Similarly contribution of capex from the PLI schemes of the total capex is expected to remain in the range of 5-10% in current fiscal while it is likely to touch the 25% mark in FY24 and 40% in FY26.

“Based on our calculations, the annual CAPEX from the PLI schemes are expected to cross Rs 1 trn from FY24 and may peak out at Rs 1.7 trn in FY26. Hence, FY24 could be an inflexion point for a surge in India’s manufacturing CAPEX, ” said
Rohit Ahuja<\/a>, Head of Research and Outreach, ICRA.

Government is contemplating launching PLI schemes for a few more sectors to ensure CAPEX continues to remain elevated beyond FY26.

According to the report in some of the sectors such as mobile phones\/electronics, engineering goods, food products, etc, wherein production has started over FY22 or H1 FY23, the impact is visible in the surge in export data for these sectors. These can be primarily attributed to PLI schemes for these sectors.

Semiconductor and ACC batteries form 70% of the major pending capex deployment. The Indian semiconductor and electronics sector is expected to grow at a CAGR of 30-35% for the next five years. Further, regulations by the US to limit exports of semiconductor and chip-making equipment to China will benefit India in the future. Five applicants under the semiconductor and display fabrication
PLI scheme<\/a> are expected to manufacture 1.2 lakh wafers per month.

The Government is also contemplating launching PLI schemes for a few more sectors, containers, electrolyser, power transmission equipment, etc to ensure CAPEX continues to remain elevated beyond FY26, ICRA said.

“However, in the wake of rising input costs, and unfavourable economic conditions, execution delays in certain sectors could be a concern, \" said Ahuja.
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PLI资本支出跨越从FY24 Rs达到新高:1:ICRA

大量的资本支出,企业必须把将集中FY24 FY26作为最主要的部门之间开始制造从FY24开始活动。

Alekh沙
  • 更新于2022年11月25日07:47点坚持
阅读: 100年行业专业人士
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资本支出制造商已经加快了脚步,多年来为政府的生产相关的激励(PLI)跨部门计划吸引了投标,然而的部署资本支出预计只接在FY24超过80%的预计投资,说评级机构Icra

根据最近的报告每年举行的“国际机器人与自动化会议”从十字架PLI计划预计资本支出从FY24 Rs 1万亿和1.7万亿年5月峰值在Rs在FY26预计在当前财政不交叉Rs 0.4万亿马克。

同样贡献PLI计划的资本支出总额的资本支出预计将保持在5 - 10%的范围在当前财政可能碰FY26 FY24的25%和40%。

广告
“根据我们的计算,照明灯具的年度资本支出计划将十字架Rs 1从FY24 trn,可能在FY26峰值在Rs 1.7环境。因此,FY24可能是一个拐点,印度制造业资本支出的激增,”说罗希特Ahuja。举行的研究和推广,“国际机器人与自动化会议”

政府正在考虑推出PLI方案更多的领域,以确保资本支出FY26之外继续居高不下。

据报道在一些行业,如手机/电子、工程产品、食品、等,其中生产已经开始在FY22或H1 FY23,可见在激增的影响这些行业的出口数据。这些可以主要归因于PLI计划部门。

半导体和ACC电池形式部署主要悬而未决的资本支出的70%。印度半导体和电子行业预计将增长30 - 35%的复合年增长率为下一个五年。此外,规定由美国限制出口的半导体和芯片制造设备在未来中国将有利于印度。5申请人在半导体和显示制造PLI方案预计每月十万的晶圆制造1.2。

政府也在考虑推出PLI方案更多的行业,容器、电解槽、输电设备,等等,以确保资本支出继续居高不下FY26之外,ICRA说。

广告
”然而,在投入成本上升之后,和不利的经济条件,执行延迟在某些领域可能是一个问题,“Ahuja说。
  • 发布于2022年11月25日凌晨07:46坚持
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\"\"
<\/span><\/figcaption><\/figure>Capital expenditure<\/a> of manufacturers has picked up pace over the years as the government’s production linked incentive<\/a> (PLI) scheme has attracted bids across sectors, however the deployment of CAPEX<\/a> is expected to pick up only in FY24 for more than 80% of the projected investments, says ratings agency Icra<\/a>.

According to the recent report by ICRA the annual capex from the PLI schemes is expected to cross Rs 1 trillion from FY24 and may peak out at Rs 1.7 trillion in FY26 while it is expected not cross Rs 0.4 trillion mark in current fiscal.

Similarly contribution of capex from the PLI schemes of the total capex is expected to remain in the range of 5-10% in current fiscal while it is likely to touch the 25% mark in FY24 and 40% in FY26.

“Based on our calculations, the annual CAPEX from the PLI schemes are expected to cross Rs 1 trn from FY24 and may peak out at Rs 1.7 trn in FY26. Hence, FY24 could be an inflexion point for a surge in India’s manufacturing CAPEX, ” said
Rohit Ahuja<\/a>, Head of Research and Outreach, ICRA.

Government is contemplating launching PLI schemes for a few more sectors to ensure CAPEX continues to remain elevated beyond FY26.

According to the report in some of the sectors such as mobile phones\/electronics, engineering goods, food products, etc, wherein production has started over FY22 or H1 FY23, the impact is visible in the surge in export data for these sectors. These can be primarily attributed to PLI schemes for these sectors.

Semiconductor and ACC batteries form 70% of the major pending capex deployment. The Indian semiconductor and electronics sector is expected to grow at a CAGR of 30-35% for the next five years. Further, regulations by the US to limit exports of semiconductor and chip-making equipment to China will benefit India in the future. Five applicants under the semiconductor and display fabrication
PLI scheme<\/a> are expected to manufacture 1.2 lakh wafers per month.

The Government is also contemplating launching PLI schemes for a few more sectors, containers, electrolyser, power transmission equipment, etc to ensure CAPEX continues to remain elevated beyond FY26, ICRA said.

“However, in the wake of rising input costs, and unfavourable economic conditions, execution delays in certain sectors could be a concern, \" said Ahuja.
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