Dear friends and well-wishers of Kampani Capital,
The rain gods bring mostly good news and this year has been no different.After a delayed and erratic start to the annual 4 monthly phenomena called the South West Monsoon, we can all now heave a sigh of relief. The importance of the rains cannot be overstated in an economy where a large part of the population (~45% ) has direct or indirect dependencies on agricultural output. This also means good news for rural consumption which impacts a lot of economic sectors like FMCG, Two Wheelers, Financial Services etc. Some of the early trends from the rural sector are already showing promise as market reports pointed to an increase in volume growth in categories likes soaps and staples. We are also seeing a tremendous bump up in global interest in India Inc over the last few months which is evident from the 5 BN$ that portfolio investors pumped into the Indian markets in May 2023 and another 3.5Bn$ inflows MTD for the month of June.
With that backdrop Sowmya and I would like to thank all our clients and partners who took time to meet us in Mumbai in the early part of June. There was tremendous optimism across all asset allocators we met and we hope that the next 9-12 months will be full of exciting opportunities. We also look forward to meeting our well wishers in Delhi and GIFT City over the next few weeks. I must also mention about our recent tie up with partners in mainland Europe including countries like Italy and France to beef up our network there which will give deeper access to international pools of capital to our domestic clients.
We are also happy to inform you that we have inked a partnership with the Kotak Education Foundation to help them in the noble cause of bridging the digital divide. Over the next few weeks we will be requesting our esteemed clients and partners to donate any spare tablets or smartphones which can be used for digital learning of the underprivileged students in Mumbai. This is part of our philosophy of promoting inclusive growth across all sectors and our firm belief that education is the key for personal growth as well as nation building.
Thank you and see you next month.
Yours truly
Amar Kampani
CEO and Founder,
Kampani Capital (a division of Anak Consulting LLP)
28th June 2o23