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Wysłany: Śro 0:31, 04 Wrz 2013 Temat postu: 8 lakh cr worth of projects shelved-spun1 |
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8 lakh cr worth of projects shelved,discount soccer cleats online
That the economy is on a steep slide due to the drying up of investments is apparent from the fact that corporates have shelved projects worth a whopping Rs 1.8 trillion (Rs 1.8 lakh crore) in the April-August period, based on the Centre for Monitoring Indian Economy (CMIE).
Significantly,duvetica jackets canada outlet shop, this is not due to high interest rates,duvetica shop online, as is being claimed by every industry lobby,kevin durant shoes online store, but totally on account of delays in getting land and environmental clearances among others.
The best cause of shelving of projects was problems being encountered in land acquisition,Woolrich Arctic Parka, securing environmental clearances,parajumpers jacket sale, local unrest,duvetica down jackets online, lack of accessibility to fuel or raw materials, particularly the mined ones such as coal and iron ore,http://woolrichoutletonlines.blogspot.com/, it added.
Several promoters have cited inadequate availability of cheap funds and poor demand also as causes of aborting projects,kevin durant shoes online, according to the independent economic think tank.
expect project shelving to stay high or rise even further in the coming months. A huge pipeline of projects has developed previously couple of years because of the rush among companies to announce new projects because the capex boom began in 2004-05,cheap adidas soccer cleats, CMIE said.
Outstanding investment rose six times since the beginning of 2005-06 and stood at Rs 141,parajumpers sale.8 trillion by the end of June 2012,cheap nike soccer cleats for men.
In a capex cycle, as more and more investments get announced,http://woolrichusaonlineshop.blogspot.com/, promoters of all projects within their early stages re-assess their projects within the light of increased competition and also the relatively weaker projects get shelved.
The CMIE data shows that the large and capital-intensive industries have experienced huge capacity additions in the past few years. And their capacity utilisation has fallen as the demand from customers has not grown at the same pace.
Keywords: Shelved projects,duvetica piumini italia, corporates shelve projects worth Rs 1.8 lakh crore,roger vivier shoes for sale, Centre for Monitoring Indian Economy, CMIE, delay to get land, green nod among reasons for project shelving,
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