Dear friends and well-wishers of Kampani Capital,
I write this version of our monthly newsletter just as we are celebrating India’s 75th Republic Day on the 26th of January. While the economic growth numbers for India are there for all to see, there is also a clear emergence of a “New India” in the air – an India which loves taking up new challenges be it in the space of new growth technologies or in the space of ambitious infrastructure projects. In and around the city of Mumbai, we are seeing a spurt in infrastructure spending leading to a much-needed ease of the daily commute as well as faster movement of goods. As I look outside my window, I can see the recently inaugurated 21 km long Sewri Nhava Sheva bridge which was built at a cost of close to USD 2 Bio and will dramatically reduce time from Mumbai to its suburban cities as well as mainland Maharashtra. We also look forward to the new Airport in Navi Mumbai as well as the Coastal Road which will surely speed up things within this Maximum City. The biggest multiplier effect of these new projects across the country will be on sectors like steel, cement, power and engineering goods to name a few. Govt spending on infrastructure which is a big growth engine of GDP has clearly played a large role in getting India to where we are in the global economic sweepstakes. As per some estimates, Govt spending as a % of GDP has more than doubled in the last 7 years with results now being seen across roads, bridges, airports and the like.
A big example of India’s emergence as an economic superpower was the presence of large delegations from nations like Japan, UAE, Singapore to name a few at the recently held Vibrant Gujarat Summit in Gandhinagar. Our team was fortunate enough to attend a few sessions and the sense of optimism across delegates was clearly visible in the air with a special liking for sectors like Semiconductors, AI Machine Learning, Climate, ESG and Fintech.
Sowyma and I would like to thank all our clients, partners and stakeholders who took out time to meet us during our Vibrant Gujarat Roadshows. We also look forward to meeting some of you during our upcoming roadshows in Mumbai, Pune and Singapore over the next couple of months as we continue to focus on the India growth trajectory.
Jai Hind!
Amar Kampani
CEO and Founder,
Kampani Capital (a division of Anak Consulting LLP)
26th January 2024
