Tata Power CEO: Private Capex Strong, Budget to Continue Policy

Gandhinagar, Jan 10 (PTI) Tata Power's Managing Director and Chief Executive Officer Praveer Sinha on Wednesday said the private capital expenditure has been "very good".

Sinha, who is also the chairman of industry lobby CII's Western Region, said that he expects the upcoming Union Budget to continue with the existing policy framework.

"I think the private investment has been very good," Sinha told PTI.

He was responding to a query about concerns over sluggish private capital investments.

According to him, the private sector is investing in new opportunities and technologies like artificial intelligence, sustainability, renewable energy and semiconductor technologies.

India will play an important role in the global arena going ahead, Sinha said, affirming the private sector's commitment to contribute its best in the journey.

Analysts are concerned about the lack of interest in the private sector to invest, which can be a major growth driver for the economy, despite the very high capacity utilisation.