India Inc. seems unperturbed by signs of global recession, with their capacity expansion plans surging past Rs. 10 trillion in Jan-June 2008, double the figure for July-Dec 2007, according to estimates of Assocham.
The biggest of the announcements were made by Tata Power at Rs. 25,000 crore, planning to raise power generation capacity to 12,861 MW, for the next five years; and Reliance Industries for setting up semi conductor plant and other micro-technology units, at an expenditure of Rs. 21,666 crore for the next 10 years.
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