Infrastructure sector is the lowest in the current financial year

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Mumbai, Ta. October 12, 2019, Saturday

The country's infrastructure sector does not seem to be out of trouble yet. Last September, the new investment figure stood at just Rs 5 crore, the lowest in a single month of the current financial year. Compared to September of last year, the number of new investments in the infrastructure sector is 5% lower than in September of the current year.

Investment proposals also remained the lowest since June. The proposals for new investment in the July-September quarter of the current financial year stood at Rs 1.8 lakh crore.

This figure is lower than the September quarter of the last two fiscal years, according to available data. Two major areas are witnessing a decline in road construction and new investment in railways. The figure of new investment in the manufacturing sector fell by Rs 5 crore compared to September last year.

Of the total investment proposals, 5% of the total investment proposals were found in the electricity and mining sectors. Tender issuance activity has also declined.


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