Bhel, L&T banking on higher import duty this Budget

The Union Budget 2012 might just be the breather that the capital goods sector is looking for as it may see the implementation of an increase in infrastructure spending and a possible levy of import duty on power equipment.

The last few quarters were particularly bad for the sector as it bore the brunt of a slowdown in global economies and sluggish domestic industrial growth. During the April-January period, the capital goods index, which is the barometer of the index, declined by 26 percent due to concerns related to lower public/ private infrastructure spending, input price inflation and rising interest rates.


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