The application of deep tech has been helping Indian enterprises to not just overcome challenges but also expand their footprint.
India’s economy is getting warmed up and any dire predictions made towards it at this point are exaggerated. The negative lining brought about by Covid-19 will soon be tempered and it will be business as usual for India.
The Indian Prime Minister made a strong pitch to 20 of the world’s leading fund and asset managers to invest in India’s infrastructure and other sectors. Such investments could prove critical for the success of India’s PSU divestment programme and infrastructure building ambitions.
Top Wall Street banks in India rake in their second-highest fee income since the global financial crisis, benefitting from a flurry of top-ticket private sector deals.
Rajbikram Nayar, Managing Partner, Ontogeny Capital, talks about the benefits of the Special Purpose Acquisition Company, or SPAC as it is commonly known. SPAC is a financial product till now largely relevant to the United States, but it has since gone mainstream with great success this year. Nayar hopes that this model will be embraced by the Indian market as businesses look for underwriters and investors as the economy is set to launch into the most shining decade ever. In such an environment SPAC could play an important role.
The pace and scale of digital transformation in India has inspired tech giants and start-ups to build and robustly invest in the country. The rewards are outsized – as companies who have cracked the India code discovered to their delight, notwithstanding the gloomy predictions from some so-called pundits.
Global agencies such as IMF, S&P and Fitch are projecting very high growth rates for India next year. Then, many companies looking for alternatives to China are likely to set up manufacturing facilities in India. And the reforms measures unveiled by the Modi government will sustain high growth rates for many years to come. All these will combine to increase India’s attractiveness as a global investment destination.
India’s most industrialised state is now offering 40,000 acres of land, special labour laws and guaranteed 48-hour clearances to secure its position as India’s most attractive investment destination.