«No, I do not think we peaked at all. When you look at capex particularly in infrastructure, infrastructure will go on for the next couple of years,» says Sunil Mathur, MD & CEO,Siemens India.
How would you view the current situation in India?
There is a lot of interest in manufacturing. A lot of fresh capacity is coming up. Companies are looking at diversification. India is definitely a good place to be in and we see things happening. We see real traction on the ground. So, I believe it is not just a vision, that vision is slowly getting realised and that is what makes it so exciting.
But this is the point I want to scratch further with you. Right now, we are witnessing a very-very broad-based capex cycle. We used to talk about the green shoots for the longest time, but those green shoots are finally materialising. But the question is, where are we in this cycle because it has already been two to three years that the capex has been on an uptrend. Do you see this cycle lasting for longer or do you think we are peaked?
No, I do not think we peaked at all. When you look at capex particularly in infrastructure, infrastructure will go on for the next couple of years. India needs the infrastructure. We are looking at roads, we are looking at railways, we are looking at highways, we are looking at ports, at airports, metros in every city.
There is such a huge potential in this country. So, I believe this kind of capex in infrastructure is absolutely fundamental for the country to