Fox&Angel

In an era where the world grapples with the daunting challenge of climate change, India emerges as a beacon of hope, embracing an ambitious journey towards a net-zero economy by 2050. The monumental significance of this endeavor cannot be overstated, with the New Energy Outlook: India report by BloombergNEF estimating an extraordinary investment opportunity worth $12.7 trillion. This path not only underscores India's commitment to sustainability but also presents an unparalleled prospect for strategic consulting and business leaders to shape a greener, more prosperous future. The BloombergNEF report illuminates two distinct scenarios that delineate India's energy transition trajectory, shedding light on both the obstacles and prospects that lie ahead. The Economic Transition Scenario (ETS), characterized by an economics-driven transition, strives to align with a global temperature rise of 2.6 degrees Celsius by 2050. While commendable progress is made towards energy independ...

India's prowess in the space sector has long been a source of national pride. With each leap toward the cosmos, the nation solidifies its position as a global player in space exploration and technology. As the country's Chandrayaan-3 spacecraft prepares for a lunar touchdown, the financial markets are abuzz with excitement, and for good reason. The potential success of this mission is not just a scientific achievement; it also holds the promise of propelling India's space program to new heights, and investors are taking notice. In a remarkable turn of events, the stocks of 13 companies integral to the space sector have witnessed an impressive rally. These companies, responsible for supplying a range of equipment from electronics components to metal gears crucial for rocket communication and navigation, have collectively gained more than $2.5 billion in market value in a single week. This surge is a testament to the market's anticipation of the positive impact that Chand...

The Indian government's visionary stride towards a digital tomorrow continues to unfold with the latest announcement of a substantial investment in its Digital India initiative. With an ambitious INR 149 billion ($1.79 billion) earmarked for the plan's expansion over a five-year period from 2021-22 to 2025-26, India is poised to make significant strides in reskilling, cybersecurity, startups, and the promotion of its rich linguistic diversity. Initiated in 2015, Digital India has emerged as a comprehensive umbrella program, encompassing a spectrum of e-governance projects including the Bharat Broadband Network (BBN) to extend rural broadband connectivity, the Common Service Centers (CSC), and the Bharat Interface For Money (BHIM) platform. As the nation gears up for a forthcoming general election, this strategic expansion injects renewed vigor into the digital landscape. Prime Minister Narendra Modi expressed his enthusiasm for this venture on social media, emphasizing that the...

In a bold move set to redefine Delhi's real estate landscape, Bharti Realty, under the astute leadership of CEO SK Sayal, has unveiled plans to invest a staggering INR 6,595 crore ($794 million) into the creation of a cutting-edge global business hub near the Delhi airport. The project aims to bring to life approximately 6.5 million square feet of office and retail space, positioned as a pivotal component of Aerocity's second development phase. This visionary endeavor promises not only a boost to the local economy but also opens up significant investment opportunities in India and beckons foreign investors to be a part of this transformative journey. Bharti Realty's impressive track record serves as a testament to their commitment to innovation and development. The first phase saw the construction of Worldmark 1, 2, and 3, encompassing around 1.5 million square feet. These iconic properties now reside under the ownership of Rostrum Realty, a strategic joint venture between ...

The Indian hotel industry has been a significant contributor to the nation's economy, with its direct contribution to GDP set to reach an impressive $1 trillion by the year 2047, as indicated by the 'Vision 2047: Indian Hotel Industry' report jointly released by the Hotel Association of India (HAI) and Benori Knowledge. This projection is underpinned by a surge in domestic tourism and a rising influx of international visitors. The report paints a compelling picture of growth and evolution, highlighting the steps that must be taken to achieve this milestone. In 2022, the direct contribution of the hotel industry to India's GDP stood at $40 billion. However, the report anticipates this figure to reach $68 billion by 2027, representing a substantial upward trajectory. A pivotal aspect of this growth strategy is diversification beyond the bustling metropolitan cities. The report emphasizes the necessity of extending accommodation development to tier-two and tier-three citi...

 Kohler, the renowned US-based manufacturer of kitchen and bathroom products, is currently witnessing a remarkable phase of rapid growth in the Indian market. In a strategic move, David Kohler, the company's Chair and CEO, has forecasted that India will soon ascend to become its third-largest market by 2024. This bold trajectory of growth not only aligns with India's surging GDP but also underscores Kohler's shrewd strategy to tap into the burgeoning middle-class consumer base. As the company ramps up its manufacturing capabilities and captures the premium market segment, the strategic implications and investment opportunities within India become increasingly pronounced. Presently, India stands firmly among the top five markets for Kohler, a testament to the company's successful penetration into this diverse and dynamic economy. David Kohler's observation that India boasts the fastest-growing GDP among major economies holds a key strategic insight. This growth spur...

In a remarkable feat, India's mobile phone industry has achieved a significant milestone by surpassing the two-billion cumulative units mark during 2014-2022. This achievement is attributed to the 'Make in India' initiative, a transformative government effort that has propelled India to become the second-largest mobile phone-producing nation globally. With a remarkable compound annual growth rate of 23%, this achievement underscores the nation's rapid progress in the tech manufacturing sector. The driving forces behind this monumental growth are multifold. The dynamic interplay of internal demand, an upsurge in digital literacy, and the determined push by the government have been pivotal. India's substantial internal demand for smartphones, driven by a burgeoning population and increasing access to technology, provided a strong foundation. The government's strategic interventions, such as the phased manufacturing programme (PMP), 'Make in India', Product...

Godrej Consumer Products Ltd. (GCPL), a prominent player in the fast-moving consumer goods (FMCG) industry, has taken a significant step towards expanding its manufacturing footprint in India. In a recent development, GCPL signed a Memorandum of Understanding (MoU) with the Tamil Nadu government, outlining its plans to establish a state-of-the-art manufacturing facility with an investment of ₹515 crore over the next five years. This strategic move not only showcases GCPL's commitment to India's growth trajectory but also demonstrates its dedication to quality, innovation, and inclusive development. The proposed manufacturing unit is set to be situated in Thiruporur Taluk, Chengalpattu, near Chennai, granting GCPL greater access to the lucrative southern markets. This location advantage aligns with the company's objective to enhance its reach and influence across the region. The plant will serve as the production hub for several of GCPL's core brands, including household...

In a strategic move, CapitaLand Investment Ltd (CLI), a renowned global real estate investment manager, has announced the launch of its ambitious business park development fund in India. The fund, named CapitaLand India Growth Fund 2 (CIGF2), has an impressive target fund size of SGD 525 million, signifying CLI's commitment to tapping into the vast potential of India's premium business park market. The CIGF2 is designed to invest in Grade A business parks strategically located across major gateway cities in India. This move is set to capitalize on the growing demand for high-quality office spaces in the country's thriving business landscape. CLI's decision to expand its presence in India's real estate sector aligns with its asset-light strategy, where the company aims to foster growth in its funds under management (FUM). Reiterating its dedication to the project, CLI has already secured SGD 263 million from a global institution, solidifying a 50 percent stake in t...

The Fast-Moving Consumer Goods (FMCG) sector in India has showcased remarkable resilience and growth in the recent June quarter, according to the latest estimates released by NIQ India (formerly NielsenIQ). The quarter witnessed a substantial 12.2% value growth, driven by a confluence of factors such as easing inflation and promising signs of recovery in rural areas. This growth percentage was notably 1.3% higher than the same quarter last year and 2% higher than the preceding March quarter, indicating a positive trajectory for the industry. One of the most notable aspects of this growth story is the volume expansion. The FMCG sector saw a significant 7.5% volume growth in the June quarter, marking the highest rate observed in the past eight quarters. Rural markets, in particular, stood out with an impressive 4% volume growth, a substantial improvement compared to the mere 0.3% growth seen in the March quarter and a significant turnaround from the -2.4% contraction witnessed in the sam...

In the ever-evolving landscape of India's e-commerce sector , the tides of change have surged as the industry notches a remarkable 26.2% Year-over-Year (YoY) order volume growth in FY-2023. This robust expansion, supported by a substantial 23.5% surge in annual Gross Merchandise Volume (GMV), signifies an encouraging environment for savvy investors seeking promising avenues within the Indian market. Unicommerce, a trailblazing e-commerce enablement SaaS platform, has shed light on this thriving scenario through its insightful "India E-commerce Index" report for 2023. Unicommerce's report underscores the remarkable surge in consumer preference for online shopping, fueling an urgent need for brands to embrace omnichannel strategies. This vital shift acknowledges the rising demand across both physical and digital channels, thereby presenting a lucrative opportunity for investors to align with forward-thinking businesses that bridge the gap between offline and online com...

In September 2020, the gaming industry witnessed a seismic shift in India as Krafton, the developer of the wildly popular PUBG Mobile game, faced a ban along with 117 other Chinese-origin apps. The Indian government's concern about user data sharing with the Chinese division, Tencent, marked the game as a potential national security threat under Section 69A of the Information Technology Act, 2000. However, the journey from adversity to resurgence has been remarkable, as Krafton navigated these turbulent waters with strategic investments and innovations. The ban shook the foundation of Krafton's presence in India, which had been a colossal market for the company. With over 175 million installations of PUBG Mobile in India alone, comprising nearly a quarter of the global installations, the loss was profound. Determined to make a comeback, Krafton orchestrated a series of initiatives that demonstrated its commitment to the Indian market . Firstly, the company shifted its base fro...

In a significant move that marks a turning point for India's startup landscape , Japanese mobile entertainment company MIXI has taken the lead by launching the country's first-ever $50 million Corporate Venture Capital (CVC) fund. This landmark initiative is aimed at providing a boost to early-stage entertainment startups in India and fostering innovation in the communication and entertainment sectors. The unveiling of this CVC fund is a strategic manoeuvre by MIXI to invest in and collaborate with startups that focus on entertainment and consumer services. As a pioneer in social networks and mobile entertainment apps, the company's primary objective is to nurture the growth of startups through its industry knowledge and assets, thus positively impacting India's burgeoning startup ecosystem. MIXI's confidence in India's startup ecosystem, particularly in the realm of digital entertainment, is evident. The company envisions itself as a catalyst for the growth of ...

In a groundbreaking revelation, a recent study conducted by renowned consulting firm Ernst & Young India has spotlighted India's ascent to the pinnacle of the global primary market landscape. The study underscores the surging number of public issues in the country's primary market during the first half of 2023, catapulting India to a remarkable leadership position. This resounding achievement has been fueled by several factors that reflect India's burgeoning investment opportunities , making it a beacon for investors worldwide. As of now, India stands proudly at the forefront of the primary market surge, outpacing other nations in terms of the increasing number of public issues. The primary market is the gateway through which companies raise capital by issuing shares to the public for the first time, often via Initial Public Offerings (IPOs). According to the study by EY India, this growth is not just about quantity but quality too, as India ranks 8th globally in terms ...

India's services sector witnessed remarkable growth in July, reaching a 13-year high and demonstrating the resilience of the country's economy. According to the S&P Global India Services PMI Business Activity Index, the output in this sector increased substantially, buoyed by a surge in demand and robust international sales. This surge in growth showcases the pivotal role of the services sector in driving India's economy. In this blog, we will explore the key factors behind this growth, the potential for investment in India , and the optimistic outlook for the future. The S&P Global India Services PMI Business Activity Index climbed from 58.5 in June to an impressive 62.3 in July, marking the strongest increase in output since June 2010. For 24 consecutive months, the index has remained above the crucial 50 threshold, signifying expansion in the sector. The demand for Indian services surged significantly, reaching a 13-year high, with around 29 percent of surveyed c...

The Indian Viscose Staple Yarn (VSY) industry is experiencing rapid growth, with revenue projected to reach an all-time high of over $2.5 billion in fiscal year 2023. Despite declining yarn prices, the industry's profitability is expected to improve by 200-300 basis points due to continued strong demand. VSY's appeal lies in its lower prices and comparable features, which have led to a compound annual growth rate of 13 per cent over the last three fiscal years, outpacing cotton yarn's growth rate of 5 per cent. Competitive Prices: VSY's lower prices compared to cotton yarn have made it a popular choice among manufacturers and consumers alike. This cost advantage has contributed to the industry's sustained growth. Steady Pricing : VSY prices have remained relatively stable, ranging between ₹200–₹250 per kg, providing confidence to stakeholders and fostering sustained demand. Removal of Anti-Dumping Duty : The removal of anti-dumping duty on imports of viscose stapl...

India, known for its diverse culture, rich history, and bustling economy, has recently caught the attention of global investors for its thriving business environment. Among the prominent players taking advantage of the investment opportunities in India is the International Battery Company (IBC). In a groundbreaking move, IBC has committed to investing a staggering $1 billion in India's southern state of Karnataka to establish a state-of-the-art factory for the production of lithium-ion cells. This blog explores the significance of this investment, the potential benefits it brings to the region, and the positive impact on the country's electric vehicle industry. In recent years, India has emerged as a major player in the global economic landscape, presenting lucrative investment opportunities across various sectors. The country's robust economic growth, rapidly expanding middle class, and government policies aimed at promoting foreign direct investment have made it a prefe...

The Indian real estate sector, a crucial component of the country's economy, has been witnessing significant fluctuations in institutional investment over the past few quarters. According to the latest report released by Vestian, a Bengaluru-based commercial real estate consultant, the sector reported $1.6 billion in institutional investment during the second quarter (Q2) of 2023. While this marks a 41% drop compared to the same period the previous year, it represents a promising 29% increase from the preceding quarter, which ended in March 2023. The report, "Institutional Investment in Indian Real Estate Q2 2023," highlights the sector's journey over the past five quarters. In Q2 2022, the real estate sector experienced an impressive 81% year-on-year (YoY) increase and a staggering 98% quarter-on-quarter (QoQ) increase, reporting $2.7 billion in institutional investment. However, this growth was short-lived, as the following quarter witnessed an 86% QoQ decline to a ...

India's space industry has rapidly emerged as one of the world's fastest-growing segments, poised to secure a substantial $100 billion share of the global space economy, according to a report released by Arthur D Little, a renowned strategy and management consultancy. Despite holding a modest 2% share in the global space market, India aims to achieve a remarkable 9% market share by the end of the decade. Bolstered by government reforms in 2020 that promote private industry participation, the country has witnessed significant growth, with over 100 start-ups actively engaged in various space-related domains. As nations allocate increasing resources to the space sector and private participation rises, leading investment banks and financial services providers predict that the global space industry market will expand to $1 trillion by 2040, from $386 billion in 2021. Riding this wave of growth, India's space economy is projected to reach $40 billion by 2040, compared to its cur...