Mumbai, April 29 -- Ministry of Statistics & Programme Implementation has released findings of the Forward-Looking Survey on Private Sector CAPEX Investment Intentions for Survey period: November 2024 to January 2025. Respondents appeared cautious in disclosing CAPEX plans, often pending management approvals. Certain entities, such as Special Purpose Vehicles (SPVs) involved in infrastructure projects, were excluded from the survey frame as they report no turnover despite high CAPEX. Meanwhile, some included SPVs had no future investment plans due to project completion. Despite challenges like weak demand, geopolitical tensions, and high borrowing costs, about 30% of firms plan to invest in upgradation in 2024-25, supporting the sharp inc...