Why India Could Be The Next Big Destination For Global Investors

[NG Missile Vessels]

President Joe Biden recently hosted Narendra Modi in a lavish state visit, the Indian prime minister’s first, with both nations seeking to realign their strategic interests at a time when China’s global influence continues to grow.

During the event, both leaders committed to strengthening defense and commercial ties, highlighting the importance of international law and maritime freedom amid rising tensions in the East and South China Sea.

The state visit also underlined the burgeoning technological partnership between the two nations, with many notable tech leaders in attendance, including Google’s Sundar Pichai and Microsoft’s Satya Nadella, both born in India.

The prime minister’s goal? To establish India as a global manufacturing and diplomatic powerhouse, an ambition fueled by strained relations with China.

The visit led to several significant agreements, spanning sectors from semiconductors and critical minerals to technology, space and defense. Of these, a landmark deal will allow General Electric to produce jet engines in India, underscoring the country’s manufacturing prowess. Boise, Idaho-based chipmaker Micron Technology’s $2.75 billion investment for a semiconductor facility in India was also announced. Further, India agreed to join the U.S.-led Artemis Accords, marking a new era in collaborative space exploration.

The World’s Second-Largest Economy By 2075?
These ties aren’t just about politics. They’re rooted in a flourishing economy that’s turning heads globally. India’s GDP currently stands at around $3.75 trillion, but Deutsche Bank believes it could double to $7 trillion by 2030. Put another way, India’s GDP per capita is right around where China’s was in the 2007 period.

Deutsche attributes this growth to an expanding middle class, policy reforms, infrastructural development and a shift toward clean energy, among other factors. The nation has very favorable demographics, with the median age of its citizens below 30.

At the end of April, the United Nations reported that India had overtaken China as the most populous country on earth, and it’s now on track to add 97 million individuals to its working population over the next 10 years. This is believed to represent the largest workforce growth of any nation on earth for that period.

Yet challenges persist, such as inadequate employment opportunities.

Despite these issues, India continues to be a powerhouse of wealth creation. New millionaires are being minted at a staggering pace, and according to the Henley Private Wealth Migration Report 2023, the country’s net outflow of high-net-worth individuals (HNWIs) appears to be slowing year-over-year.

And the future? Goldman Sachs predicts that by 2075, India will be the world’s second-largest economy after China, overtaking the U.S. by a slim margin. The possibilities seem endless if the right policies can be aligned with the anticipated rapid population growth.

Global Giants Are Betting On India’s Growth Story
While uncertainties remain, signs of optimism abound. India’s Sensex, the benchmark index of the Bombay Stock Exchange, recently hit a record high when priced in the Indian rupee, buoyed by rapid economic growth and increased foreign investment.

Investors, too, are recognizing India’s potential. Despite recent dips in foreign direct investment (FDI) due to geopolitical tensions, India has managed to attract nearly $920 billion in total from April 2000 to March 2023, according to Dezan Shira & Associates.

Major global corporations like Amazon and Google are betting big on India. Amazon plans to invest an additional $15 billion by 2030, with Amazon Web Services (AWS) contributing $12.7 billion to cater to surging customer demand. Google aims to establish a fintech center in India’s Gujarat International Finance Tec-City (GIFT City) and extend its AI chatbot Bard to more Indian languages, making the internet more accessible to India’s diverse population.

Both the investments decisions were announced after the Indian-origin CEO of Google and its parent company and Jassy met Prime Minister Narendra Modi on Friday, in Washington, during the latter’s US tour. The investment announcement was made post the meeting.

Post the meeting, Pichai told reporters, “We shared with the Prime Minister that Google is investing $10 billion in India’s digitisation fund…. We are announcing the opening up of our global fintech operation centre in GIFT city, Gujarat.”

“The PM’s vision for Digital India was way ahead of its time. I now see a blueprint that other countries are looking to do,” he added

During his U.S. visit, Prime Minister Modi met with Elon Musk, signaling potential investments in India’s renewable energy and electric vehicle sectors. With its recent policy reforms opening its space sector to private players, India offers a promising arena for SpaceX’s Starlink satellite internet service.

India has “more promise than any large country in the world,” Musk said following the meeting, adding that he was confident that Tesla will be in India “as soon as humanely possible.”

A Rising Beacon Of Opportunity
India is rapidly transforming into a formidable global superpower and an increasingly attractive destination for investor capital. Amid rising geopolitical tensions and the impact of disruptive technologies, India’s story is a beacon of opportunity in a challenging landscape. Its steadily growing middle class, policy reforms and digital prowess are reshaping its economic trajectory, inviting an influx of foreign capital.

For investors, I believe the time to recognize India’s potential could be now.

Why India Could Be The Next Big Destination For Global Investors

India is rapidly transforming into a formidable global superpower and an increasingly attractive destination for investor capital.

www.google.com

 

[NG Missile Vessels]

US-based Microchip to invest $300 million in India; opens R&D center in Hyderabad

US-based semiconductor company Microchip Technology has announced a $300 million investment plan to expand its operations in India, just days after similar moves from industry players Micron, Applied Materials, and Lam Research.

To strengthen its presence in India, the company has inaugurated a new research and development (R&D) facility at One Golden Mile Office Tower in Hyderabad. This 168,000-square-foot center, which has a capacity for 1,000 employees, joins Microchip's existing developments in Bengaluru and Chennai, as well as sales offices across multiple cities, including Bengaluru, Chennai, Hyderabad, Pune, and New Delhi.

This strategic investment will not only enhance the engineering labs at Microchip's Bengaluru and Chennai locations but also bolster the new Hyderabad R&D center. The company is focusing on catering to the technical and business support needs of an expanding customer base in India, according to a company statement.


Microchip added that the plans would boost significant hiring, as the firm looks to exploit India's burgeoning talent pool. In addition, the company intends to sponsor technical consortia, support educational institutions and programs, and initiate a range of Corporate Social Responsibility (CSR) programs tailored to meet regional needs.

The company has approximately 2,500 employees in India, working in semiconductor design and development, sales and support, IT infrastructure and application engineering operations, supporting the company’s 2,000 customers in the region in the industrial, automotive, data center, aerospace, defence, communications and consumer industries.

“Microchip is making a significant strategic commitment to growing our operations in India, whose meteoric growth has established it as one of the top sources of business and technical resources in our sector," said Ganesh Moorthy, President and CEO of Microchip. “Our investments here will enable us to both benefit from and contribute to the country’s increasingly important role in the global semiconductor industry," he added.

The India Electronics and Semiconductor Association (IESA) and Counterpoint Research recently reported that India’s semiconductor market is expected to reach $64 billion USD by 2026, which is nearly triple its 2019 size of $22.7 billion USD.

India welcomed a flurry of deals within its semiconductor industry during PM Narendra Modi’s visit to the U.S last month. American chipmaker Micron Technology said that it would invest up to $825 million in a new chip assembly and test facility in Gujarat, India, its first factory in the country that will create up to 5,000 new direct jobs in the region. The company said that the total investment in the facility will be $2.75 billion and of that 50% will come from the Indian central government and 20% from the state of Gujarat.

Further, Applied Materials announced its plans to invest $400 million over the next four years in a new engineering center in India, which is expected to be located near the company’s existing facility in Bengaluru and is likely to support more than $2 billion of planned investments and create 500 new advanced engineering jobs, the company said.

Semiconductor manufacturing equipment supplier, Lam Research also said last month it plans to train 60,000 engineers in India in the next 10 years to boost India’s semiconductor education and workforce development. During PM Modi’s state visit to the US, the company said that the training on nanotechnologies will be facilitated by Lam Research’s virtual nanofabrication environment platform, Semiverse Solutions.

US-based Microchip to invest $300 mn in India; opens R&D center in Hyderabad

The strategic investment will not only enhance the engineering labs at Microchip's Bengaluru and Chennai locations but also bolster the new Hyderabad R&D center

www.google.com

 

[NG Missile Vessels]

Hyundai to invest $2.45 bn for EV production expansion in India

Hyundai Motor has announced that it will invest 200 billion rupees ($2.45 bn) in the Indian state of Tamil Nadu over the next ten years to bolster the country’s electric vehicle production. This is in line with recent international advancements.

As for India, Hyundai plans to increase capacity at its factory near Chennai to 850,000 vehicles per year from approximately 775,000. In addition, the automaker’s Indian subsidiary, Hyundai Motor India, will establish a battery pack assembly unit with an annual capacity of 178,000 units and install 100 EV charging stations across the southern state in the next five years.

The investment plan follows India’s federal government’s recent announcement to raise taxes on imported vehicles to encourage local manufacturing.

Hyundai is also developing a local vendor base for EV parts instead of importing them, as the government’s production incentive scheme only applies when manufacturing is done within the country, according to Puneet Anand, a senior executive for corporate affairs quoted by Reuters. India’s EV industry is expanding, with domestic automakers Tata Motors and Mahindra & Mahindra, as well as global rivals Nissan Motor and Renault, launching numerous EV models.

Hyundai plans to introduce five new EV models in the third-largest car market in the world and aims to capture a 20% market share by 2032. However, electric vehicles account for only 2% of India’s total car sales in 2022. The federal government hopes to raise that figure to 30% by 2030. Hyundai currently holds a 15% share of India’s ICE passenger vehicle market, making it the second-largest automaker in the country behind Maruti Suzuki India, the local unit of Japan’s Suzuki Motor.

Back in South Korea, Hyundai is also investing in electric car making and announced a new all-electric car plant in Ulsan this week. Construction of the factory will begin in the fourth quarter of this year, and production will start in the second half of 2025 with an annual capacity of 150,000 electric cars. The new facility will be Hyundai’s first new domestic plant in 29 years.

Hyundai Motor had only unveiled extensive investment plans in April to become one of the world’s top three electric car manufacturers by 2030. To this end, the South Korean group wants to invest up to 24 trillion won (equivalent to around €16.6 bn) to increase production and exports. The group with Hyundai Motor, Kia and the supplier Hyundai Mobis aims explicitly to offer 31 electric models, with many battery-electric cars to be built in South Korea.

Part of the announced 24 trillion won (previously, there was talk of 21 trillion won) is also to flow into developing a new e-platform. For the electric cars, the platform is called eM and is expected to debut in 2025. According to an earlier announcement, the eM platform will serve as the basis for electric cars “in all segments” (i.e. from small cars to five-metre-long sedans and SUVs) and will offer 50 per cent more range than the group’s current electric cars.

Hyundai to invest $2.45 bn for EV production expansion in India - electrive.com

Hyundai Motor has announced that it will invest 200 billion rupees ($2.45 bn) in the Indian state of Tamil Nadu over the next ten years to bolster the country's electric vehicle production. This is in line with recent international advancements. As for India, Hyundai plans to increase capacity...

www.electrive.com

 

[GreatHanWarrior]

View attachment 936756
President Joe Biden recently hosted Narendra Modi in a lavish state visit, the Indian prime minister’s first, with both nations seeking to realign their strategic interests at a time when China’s global influence continues to grow.

During the event, both leaders committed to strengthening defense and commercial ties, highlighting the importance of international law and maritime freedom amid rising tensions in the East and South China Sea.

The state visit also underlined the burgeoning technological partnership between the two nations, with many notable tech leaders in attendance, including Google’s Sundar Pichai and Microsoft’s Satya Nadella, both born in India.

The prime minister’s goal? To establish India as a global manufacturing and diplomatic powerhouse, an ambition fueled by strained relations with China.

The visit led to several significant agreements, spanning sectors from semiconductors and critical minerals to technology, space and defense. Of these, a landmark deal will allow General Electric to produce jet engines in India, underscoring the country’s manufacturing prowess. Boise, Idaho-based chipmaker Micron Technology’s $2.75 billion investment for a semiconductor facility in India was also announced. Further, India agreed to join the U.S.-led Artemis Accords, marking a new era in collaborative space exploration.
View attachment 936764
The World’s Second-Largest Economy By 2075?
These ties aren’t just about politics. They’re rooted in a flourishing economy that’s turning heads globally. India’s GDP currently stands at around $3.75 trillion, but Deutsche Bank believes it could double to $7 trillion by 2030. Put another way, India’s GDP per capita is right around where China’s was in the 2007 period.

Deutsche attributes this growth to an expanding middle class, policy reforms, infrastructural development and a shift toward clean energy, among other factors. The nation has very favorable demographics, with the median age of its citizens below 30.

At the end of April, the United Nations reported that India had overtaken China as the most populous country on earth, and it’s now on track to add 97 million individuals to its working population over the next 10 years. This is believed to represent the largest workforce growth of any nation on earth for that period.

Yet challenges persist, such as inadequate employment opportunities.

Despite these issues, India continues to be a powerhouse of wealth creation. New millionaires are being minted at a staggering pace, and according to the Henley Private Wealth Migration Report 2023, the country’s net outflow of high-net-worth individuals (HNWIs) appears to be slowing year-over-year.

And the future? Goldman Sachs predicts that by 2075, India will be the world’s second-largest economy after China, overtaking the U.S. by a slim margin. The possibilities seem endless if the right policies can be aligned with the anticipated rapid population growth.
View attachment 936760
Global Giants Are Betting On India’s Growth Story
While uncertainties remain, signs of optimism abound. India’s Sensex, the benchmark index of the Bombay Stock Exchange, recently hit a record high when priced in the Indian rupee, buoyed by rapid economic growth and increased foreign investment.
View attachment 936761
Investors, too, are recognizing India’s potential. Despite recent dips in foreign direct investment (FDI) due to geopolitical tensions, India has managed to attract nearly $920 billion in total from April 2000 to March 2023, according to Dezan Shira & Associates.

Major global corporations like Amazon and Google are betting big on India. Amazon plans to invest an additional $15 billion by 2030, with Amazon Web Services (AWS) contributing $12.7 billion to cater to surging customer demand. Google aims to establish a fintech center in India’s Gujarat International Finance Tec-City (GIFT City) and extend its AI chatbot Bard to more Indian languages, making the internet more accessible to India’s diverse population.

Both the investments decisions were announced after the Indian-origin CEO of Google and its parent company and Jassy met Prime Minister Narendra Modi on Friday, in Washington, during the latter’s US tour. The investment announcement was made post the meeting.

Post the meeting, Pichai told reporters, “We shared with the Prime Minister that Google is investing $10 billion in India’s digitisation fund…. We are announcing the opening up of our global fintech operation centre in GIFT city, Gujarat.”

“The PM’s vision for Digital India was way ahead of its time. I now see a blueprint that other countries are looking to do,” he added

During his U.S. visit, Prime Minister Modi met with Elon Musk, signaling potential investments in India’s renewable energy and electric vehicle sectors. With its recent policy reforms opening its space sector to private players, India offers a promising arena for SpaceX’s Starlink satellite internet service.

India has “more promise than any large country in the world,” Musk said following the meeting, adding that he was confident that Tesla will be in India “as soon as humanely possible.”

A Rising Beacon Of Opportunity
India is rapidly transforming into a formidable global superpower and an increasingly attractive destination for investor capital. Amid rising geopolitical tensions and the impact of disruptive technologies, India’s story is a beacon of opportunity in a challenging landscape. Its steadily growing middle class, policy reforms and digital prowess are reshaping its economic trajectory, inviting an influx of foreign capital.

For investors, I believe the time to recognize India’s potential could be now.

Why India Could Be The Next Big Destination For Global Investors

India is rapidly transforming into a formidable global superpower and an increasingly attractive destination for investor capital.

www.google.com

Because India now gets Chinese technology.

 

[VkdIndian]

Because India now gets Chinese technology.

Why is Xi giving the technology if it is a loss to you. What kind of fools you all are?

 

[GreatHanWarrior]

Why is Xi giving the technology if it is a loss to you. What kind of fools you all are?

Xi is indeed a fool. He doesn't know how to rob foreign companies.

 

[NG Missile Vessels]

https://twitter.com/x/status/1676121472581128192

 

[VkdIndian]

He doesn't know how to rob foreign companies.

Because, he is focusing all his energies on Chinese kidneys, Hearts and other removable organs.

Be careful in calling your emperor a fool. You might wake up one morning with a big cut mark on your body with a kidney gone.

While Chinese companies are falling over each other to start investments in India. He needs to have foresight, IQ, intellect and whatnot like you to stop these companies from being looted abroad.

 

[GreatHanWarrior]

Because, he is focusing all his energies on Chinese kidneys, Hearts and other removable organs.

Be careful in calling your emperor a fool. You might wake up one morning with a big cut mark on your body with a kidney gone.

While Chinese companies are falling over each other to start investments in India. He needs to have foresight, IQ, intellect and whatnot like you to stop these companies from being looted abroad.

What? Do you want to say that large-scale Organ procurement still exists in India?

But does this have anything to do with me? If I think xi is wrong. I will criticize him. I have been doing this all along.

Xi has always indulged Chinese companies in building factories and investing in India. Even transferring Chinese technology to India. You should be grateful to Xi. Isn't it?

But with so much help from Xi. It seems that India has still not made any progress... India's per capita GDP remains at the same level as Bangladesh's.

 

[VkdIndian]

You should be grateful to Xi. Isn't it?

Was Xi grateful to Uncle Sam for letting China get all the manufacturing and letting them steal so much of tech?

It seems that India has still not made any progress...

Oh yes. Only China is growing. Rest of the world is static or regressing. We are so so sad. Happy?

 

[GreatHanWarrior]

Was Xi grateful to Uncle Sam for letting China get all the manufacturing and letting them steal so much of tech?

Oh yes. Only China is growing. Rest of the world is static or regressing. We are so so sad. Happy?

Technology comes from R&D. Unfortunately, India does not have R&D... If Americans did not systematically sanction China for 70 years. I believe China will thank the Americans...