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Kaynes Technology: Kaynes has also acquired 13.2% shares in California-based Mixx Technologies Inc to establish Kaynes as a “silicon to systems” manufacturer for artificial intelligence (AI) and high-performance computing infrastructure.
Most of these companies are part of automobile, auto ancillary, capital goods, electronic manufacturing, metals, and a few in the financial services sector.
In 2023, India showcased significant potential in its pursuit of becoming a manufacturing powerhouse, with numerous large-scale projects either in the planning stages or already underway. The Production-Linked Incentive (PLI) scheme, covering 14 sectors, proved to be a catalyst, attracting investments exceeding Rs 95,000 crore by September. Here are some noteworthy milestones in India's pursuit of local manufacturing in 2023, particularly in the cutting-edge fields of chips and telecommunications.
Foray into the semiconductor manufacturing supply chain could help the company reap benefits at the right time
Their investment horizon may also offer a perspective to investors concerned over the rising benchmark indices and whether the rally can be sustained in the medium to long term. SWFs typically search for a macro opportunity in an economy.