Dear friends and well-wishers of Kampani Capital,
Greetings from the orange city of Nagpur – which is considered the centre of India, a dream place to visit for a map-o-phile like me! As an unprecedented summer of global discontent finally begins to clear up, most of India is looking upwards hoping that rain gods will finally start showering some blessings. While the rain clouds gather up, we all pray that the war clouds disappear and we can all, to borrow a phrase, get down to the “business of doing business”.
While a lot has been written on the impact of the West Asia war on an import dependent economy like India, it is always economic crises such as these that move the needle in terms of reforms and leapfrogging towards new technologies. This time is not different as we are seeing a lifestyle changing jump in EV acceptance across the country as well as the necessary shift from LPG cooking to Piped natural gas for most of middle-class India. We saw the same situation in 1991 when we had to embark upon the destiny changing Rao Singh reforms, which unleashed a slew of foreign investment into India. Clearly,most of us (including me!) love to study hard only when our exams are very near!!
As we close the first quarter of this year, Sowmya and I continue to regularly meet Asset Allocators like Family Offices, Corporates and University Funds to see how the last 3 months have impacted their investment horizons. We were in Delhi earlier in the month and were heartened to see that the broad investment thesis has not changed with some minor course corrections in some sector. Infact with the equity markets now beginning to see some life, we expect the 2nd half of this financial year to be a pull back of sorts. While some concerns like the high INR depreciation still loom over the horizon but a realignment of resources towards more efficient modes of investment and business ventures is always a good sign of a growing (and soon to be Viksit) economy !
We look forward to meeting some of our partners,clients and well wishers in our forthcoming roadshows in Singapore and Hong Kong (and possible follow ups in Korea and Taiwan).We truly believe that the Asian growth story will be a hallmark of the global economy for the next 10-15 years. While India’s links with Europe and the Middle East continue to grow from strength to strength,it is the Asian bridges that will be a big factor of where we will be in 2047 in the development sweepstakes. After all, the last 4-5 years have proved that Geography is NOT history inspite of the World being Flat in the books of Thomas Friedman!
Till next month, we hope to bring out the umbrellas and raincoats soon here in Mumbai!
Amar
Amar Kampani
CEO and Founder,
Kampani Capital (a Division of Anak Consulting LLP)
29th June 2026