Capital Goods – Budget Spotlight

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Spotlight: Capital Goods Sector

by Sanjeev Zarbade, Research Analyst

Spotlight: Capital Goods Sector

by Sanjeev Zarbade, Research Analyst

• We believe that the Union Budget 2012-13 would provide thrust to the overall public spending on various infrastructure and power projects to revive the economy • In 2011-12 capital goods sector witnessed slowdown in order booking and execution due to: - Lower public/private infrastructure spending- Input price inflation- Rising interest rates

• We believe that the Union Budget 2012-13 would provide thrust to the overall public spending on various infrastructure and power projects to revive the economy • In 2011-12 capital goods sector witnessed slowdown in order booking and execution due to: - Lower public/private infrastructure spending- Input price inflation- Rising interest rates

• We also feel that the budget may levy import duty, with prospective effect, on critical equipment imported by power producers from geographies like China and Korea. This is to ensure that, there is no impact on orders already placed, while providing support to the domestic equipment manufacturers Overall we expect Union Budget to have a positive impact on the Capital Goods sector

• We also feel that the budget may levy import duty, with prospective effect, on critical equipment imported by power producers from geographies like China and Korea. This is to ensure that, there is no impact on orders already placed, while providing support to the domestic equipment manufacturers Overall we expect Union Budget to have a positive impact on the Capital Goods sector

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