The RBI’s monetary policy is not only optimistic but industry aligned. For the electrical and infrastructure sectors, this move strengthens our ability to invest, expand, also strengthens confidence to take bold steps in innovation and capacity-building.
The cable manufacturing industry actually caters to the core industries regarding infrastructure building and growth in power, where lower borrowing costs can be an uplifting strategy for working capital pressures and provide manufacturers, especially the SMEs and MSMEs.
With the current global economy uncertain and thus making investment sentiment unfavorable, the RBI has taken timely policy action to provide liquidity in the market as well as boost business confidence. This indeed makes a very strong statement of intent to support growth, which is non-inflationary but nonetheless provides different industries, including ours, with the confidence to scale while addressing the working capital constraints of providing high growth.
Besides, the approach would also secondarily benefit positive gain for their associated industries, such as construction and power distribution, where operational continuity may require higher-quality cables. All around, this strengthens the intended infrastructure lead growth, further superimposing it on the ' Make in India' strategy.
