private capex: Panel for forward-looking surveys on private capex

2023-07-27 18:11:39

New Delhi: The parliamentary standing committee on finance has called for industry-wise “forward-looking surveys” on private capex across regions by the statistics ministry and Niti Aayog.

Such surveys will help “various suppliers prepare for better equipment, real estate and workforce requirements associated with private sector capex”, it added.

In a report on the action taken by the government on its various earlier suggestions, the panel headed by BJP leader Jayant Sinha has also asked the government to closely monitor the progress of its capital expenditure to ensure that actual spending is in sync with the record budgetary outlay and achieve desired multiplier effect on economic growth and employment.

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