India, which is now transferring quick up the worth chain from low-cost software program companies to manufacturing, affords large alternative within the areas of deep know-how and know-how pushed transformation, in keeping with eminent consultants.

“I am very convinced about the opportunity in India, and I saw this when I was in the Obama administration,” stated Arun Kumar, former Assistant Secretary of Commerce for Global Markets and Director General of the US and Foreign Commercial Service (USFCS) within the Obama Administration.

Currently, a Managing Partner with Celesta Capital, Kumar says that is pushed by some good fundamentals, availability of international-standard expertise, digital has develop into ubiquitous, making floor for large quantity of innovation; advance manufacturing, which makes India aggressive in manufacturing and eventually development of India-US relationship underneath the Modi-Biden management.

“Overall, it’s a very upbeat story on India,” Kumar stated throughout a just lately concluded TechSurge convention within the Silicon Valley introduced by Celesta Capital on the Computer History Museum in Silicon Valley. A video of the convention was made out there by the Celeste Capital.

He noticed that India is rising as a key financial and strategic associate for the US.

The US-India Initiative on Critical and Emerging Technology (iCET), which was superior just lately by conferences between the 2 international locations’ National Security Advisors laid out commitments to constructing a sturdy innovation ecosystem between the 2 international locations overlaying collaboration in synthetic intelligence, excessive efficiency computing, defence and area applied sciences, semiconductors and subsequent era telecommunications.

“Normally speaking, or at least until five or six years ago, we were used to India not doing very well. India is having lot of trouble and so on, and the rest of the world is doing much better. It’s the other way around now,” stated World Bank Chief Economist Indermit Gill noting that India has made important progress since 2014 in ease of doing enterprise, a metric that the Bank had championed although it discontinued it in 2020. “If India does well in attracting investment, this could be India’s time,” Gill stated.

Stanford University Emeritus Professor Arogyaswami Paulraj, stated the priorities of deep tech in India will probably be pushed by semiconductors and power, decarbonisation – inexperienced hydrogen and electrical autos.

In the US, the deep tech sector contributes USD 550 billion or 2.5 per cent of the GDP, however it underpins virtually 40 per cent of total GDP. India imports virtually all its deep tech wants at this time and subsequently constructing native functionality is a nationwide precedence. “India with all the tailwinds offers enormous opportunities for THE deep tech investments,” he stated.

The deep tech phase is a globalised business with extensively unfold provide chains. Therefore, an inexpensive goal for India is to affix the membership of deep tech international locations, and seize, say 5 per cent of worldwide market share over the following decade. That will translate to USD 150 billion of value-added income representing a market cap alternative of nicely over USD 1.5 trillion. The first thrust in deep tech for India is the Indian Semiconductor Mission that goals to construct functionality on this most foundational know-how, he stated.

“Looking at India today, I’m very, very optimistic. One thing is I do think there’s a lot of political consensus on the direction of the country. Whether it’s the current government or a new government, the country’s economic model is, well put, they’re gonna be very stable. So, I think that’s a big plus,” he stated, including that the digital India transformation is proving to be very profitable.

Celesta’s founding managing associate Sriram Viswanathan, noticed that India is transferring up the worth chain from low-cost software program companies to manufacturing and Deep tech growth comparable to semiconductors and different {hardware} associated industries. Very subtle firms are being created in India in semiconductor design and in manufacturing automation and robotics. “There is a huge opportunity in India over the next decade. I see this growing in an exponential manner. In India, nothing, nothing goes in a linear manner,” stated National Infrastructure Investment Fund (NIIF) managing director Anand Unnikrishnan.

He described the success of NIIF working as a public non-public partnership. He pointed to the vigorous entrepreneurial ecosystem and enterprise capital funding atmosphere in India at this time.

(This story has not been edited by Devdiscourse employees and is auto-generated from a syndicated feed.)