Why India is in the investment spotlight
India’s image as a leading space technology player and reaffirming its position as an attractive investment destination.
India is just the fourth country after the US, Russia, and China to achieve a soft landing on the moon, and at a reasonable cost of $75 million. India’s space economy is expected to grow to $12.5 billion by 2025. The multiplier effects of space technology expertise will spill over into component manufacturing, satellite systems, telecom, and assembly, and most importantly, it will create highly skilled and high-paying jobs.
India is making its entry into another high-skill Industry — semiconductors.
Advanced Micro Devices has announced plans to invest over $400 million in India. Foxconn, Micron, AMD, IBM, Marvell, NXP Semiconductors, and many others were attendees at the Semicon India Conference recently. Foxconn has already made remarkable progress in manufacturing Apple phones in India.
The Indian semiconductor industry is expected to generate 12 lakh jobs.
Increasingly, pre-eminent global CEOs are highlighting India as a core pillar in their growth strategy; there is a flurry of visitors giving sound bytes on their interest, as well as investments into the country. Tim Cook speaks of India’s vibrancy and dynamism and highlights India as a key piece of Apple’s growth strategy.
Elon Musk ‘likes India a lot’ notes Walter Isaacson, who is writing his biography, and in his own words, the billionaire has commented, “I am incredibly excited about the future of India. I think India has more promise than any other large country in the world”.
NVIDIA CEO Jensen Huang and Sam Altman of ChatGPT visited India earlier this summer.
