CHENNAI: India Inc is getting back to the drawing board with fresh capital expenditure in capacity additions. The country has almost doubled investment in projects for the quarter ended September 2009. Various companies have announced investments worth Rs 3.28 lakh crore during the quarter. This is an increase of 89% from Rs 1.74 lakh crore worth of additions during the April-June 2009 quarter. There was positive news flowing in from revival of shelved projects too. During the September quarter, Rs 14,425 crore worth of projects were revived compared to Rs 7,955 crore in June quarter this year. The recovery seems to be headed by the mining, services and manufacturing sectors, data with Centre for Monitoring Indian Economy (CMIE) shows. According to a Crisil study across 11 key sectors, the aggregate industrial investments will continue to grow at a moderate pace over the next three years, with total investments projected at Rs 10,500 billion. "This growth is notwithstanding the current slowdown and expectations of relatively muted GDP growth, and in contrast to experiences in past when a deceleration in economic growth resulted in a decline in corporate investments. According to Crisil Research, the capex growth can largely be attributed to continued investments in sectors such as power and telecom along with expectations of a gradual economic recovery by 2010-11." Manoj Mohta, head, Crisil Research, said, ���Between 1997-98 to 2002-03, private sector investment contracted in response to slowdown. However, based on our assessment, we project a 7% CAGR in investments between 2008-09 and 2011-12. Although this growth is far lower than the 30% CAGR witnessed in the previous three years, it is still significant.���