Despite Global Headwinds, Private Capex Persists US–India Deal Could Further Boost, Says Rajiv Memani
CII President Rajiv Memani acknowledges that private capital expenditure has been impacted recently by trade uncertainty, tariff volatility, and delays in environmental and land approvals. However, he firmly asserts that "capex is happening" fundamental drivers like strong corporate balance sheets, low debt, and capital market access to keep investment rolling. With ₹3.5 lakh crore of new projects announced in Q1, Memani believes these initiatives reflect renewed investor confidence. He also notes that a potential US–India trade deal could further uplift industries by easing policy uncertainty. As Chairman & CEO of EY India, he stresses the urgency of workforce upskilling and regulatory reform especially in environmental and labor clearances to sustain momentum. Discover the full discussion.
