DESPITE GRIM TALK of a funding winter’, venture capitalists VCs) remain bullish on India. The startup ecosystem has obviously slowed butthe numbers tell a nuanced story. According to Tracxn data, over 140 new Indian VCs were founded between 2020 and 2022. They have invested in more than 4,500 startup deals during this threeyear period. Ankur Mittal, a partner at Physis Capital, said while markets remain volatile, As long as domestic investors continue to have faith in the resilience of the Indian economy, this positive) EE irend appears to be accelerating.” Other indicators are positive as well. Sales of vehicles in October 2022 rose to 2.09 million units. Power consumption, a bellwether for economic activity, increased 13.31 per cent year-on-year in September 2022. Private equity PE) funds are as bullish as VCs on India’s growth.
Electric Vehicle EV) startups are meanwhile attracting global interest. In the first nine months of calendar 2022, a total of 26 EV deals valued at 904 million were signed. India’s EV ecosystem is still small with a paucity of charging stations retarding growth. But that is changing rapidly. The government has set a target of achieving by 2030 an EV share of 30 per cent for cars, 70 per cent for commercial vehicles and 80 per cent for two-wheelers. India’s largest carmaker, Maruti Suzuki, has raised capital expenditure in 2022-23 by 40 per cent to Rs 7,000 crore. A late starter in EVs and SUVs, Maruti is doubling down on both.
هذه القصة مأخوذة من طبعة December 03, 2022 من Businessworld India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 03, 2022 من Businessworld India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Gauging Trumponomics For India
Despite some shortto mediumterm headwinds in trade and immigration, the broader Indo-US vision of counterbalancing China’s influence is expected to ensure continued cooperation under Trump 2.0
Reflections on Consciousness and Creation
Indian-American DEEPAK CHOPRA on the nature of the universe, the digital fabric of existence, and the power of a conscious mind
MORE TAKE TO DRIVING IN STYLE
High-end luxury vehicles are no longer part of a niche market, but a rapidly expanding segment of automobile sales, driven by changing consumer preferences, rising disposable incomes and better infrastructure
India's Growing Affinity for Swiss Watches: A Luxury on the Rise
NDIA'S ROBUST ECONOMIC growth, projected to exceed 6 per cent in 2024 and 2025, is fostering a rising demand for aspirational products. As disposable incomes increase, particularly among the expanding middle class, luxury goods such as Swiss-made watches are gaining popularity.
An ENRiching Outlook
KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence
Paving the Path to a Sustainable Future
Salesforce's ESG journey has made an impact beyond the company. SUNYA NORMAN, SVP of ESG Strategy and Engagement at Salesforce, shares more on how the tech giant integrates sustainability into its core operations, supporting global goals while empowering employees
LEADERSHIP TRANSITION AT XIAOMI INDIA
Xiaomi India is experiencing a leadership evolution, beginning with Muralikrishnan B's departure as President by the end of 2024. This change underscores Xiaomi's shift towards nurturing local talent amidst dynamic global shifts. The story tracks key transitions from Manu Kumar Jain's leadership to Muralikrishnan B's impactful tenure, along with recent strategic hires, highlighting Xiaomi's alignment towards market adaptability and consumer focus
WEAVING SUSTAINABILITY
Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain
FORCE FOR GOOD
FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives
REIMAGINING TOMORROW
For V-Guard, tomorrow signifies progress, driven by today's actions, setting the foundation for future growth and value creation for all stakeholders