Mumbai: The coming decade will see an increase in capital expenditure in many sectors, Aditya Chairman Birla Group Kumar Mangalam Birla said in posting on his reflection over the past two years.
Birla said the problem of the twin balance sheet from a loan was pressed and the over-leverage company was behind us and “we have on our decades ‘capex mahotsav’ which will come in India”.
Birla said the generation of entrepreneurs in India now took advantage of economic reform 1991.
The private sector, he added, also opened fire on two conventional and new economies.
“I call it ‘multiple engine growth’.
Enchanted investors about the growth prospects in the core sector and the sunrise sector.
In my view, the Sunrise word sector applies to all landscapes in India, which include conventional sectors such as cement, steel, power & automatic area such as Digital & renewable energy.
Both hold the promise of high and sustainable growth, “Birla said.
Birla said there might be a better time to become an entrepreneur, like everyone from an angel investor to the public market marching behind the idea.
“Competition for investment opportunities and ‘fear will be lost’ (FOMO) has encouraged the assessment of many beginner companies to stratospheric content,” Birla said.