Anand Mahindra asks industry to boost capital investment to 'ride the tide'
Indian companies need to enhance capital investment in order to take advantage of the growth opportunities available in India and abroad, according to Mahindra Group Chairman Anand Mahindra.
Addressing shareholders in the company's annual report for 2023-24, the leading industrialist noted that the interplay of geopolitics and economic linkages in the post-COVID era has seen India's position strengthen.
India's emerging role as one of the vital nodes in future-proofed supply chains across industries opens the door for growth within the country and expansion beyond, he stated.
"How can we, in private industry, ensure that we ride this upsurging tide? ..In the spirit of 'ask not what your country can do for you; ask what you can do for your country', I would argue that the most important thing industry can do at this critical juncture is to increase private investment," Mahindra said.
Private capital investment is the key to capitalising on this opportunity as it is a key driver of .