Mumbai, May 27 (IANS) Rising AI adoption could drive deployment of 650,000-700,000 GPUs in India’s data centres over the next five years, creating a $23 billion investment opportunity, a report said on Wednesday.With this, India’s data centre capacity is set to grow at a 26 per cent CAGR over the next five years, according to the report by Avendus Capital.The AI-led infrastructure demand, alongside rising cloud and digital adoption, is expected to nearly triple India’s built data centre ca…
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New Delhi, April 2 (IANS) The domestic automotive metal forming market of India is projected to nearly double to $90-95 billion by FY30, growing at around 12 per cent annually, as global supply chain realignments drive value concentration toward process-led manufacturers, a report has said.As per Avendus Capital analysis, India’s auto component industry — casting, forging, stamping and machining — crossed $80 billion in size in FY25 and turned a net exporter during the year, with exports reach…
New Delhi, March 24 (IANS) India’s consumption boom is set to significantly drive the growth of the domestic packaging industry, which is projected to reach $92 billion by FY30, according to a report released on Tuesday.The report by Avendus Capital has estimated that the Indian packaging market will grow at a CAGR of around 9 per cent over the next five years, outpacing the country’s GDP growth by nearly 1.3 times.The sector is increasingly being seen as a direct proxy for consumption trend…
New Delhi, March 6 (IANS) Society for Innovation and Entrepreneurship (SINE) — the IIT Bombay-backed broad-spectrum technology business incubator — is selling about 4 lakh shares in the SEDEMAC Mechatronics initial public offering (IPO), according to the filings.The company’s red herring prospectus (RHP) has highlighted that SINE will offload 4,08,000 equity shares.On a pre-offer paid-up equity share capital basis, this represents 0.92 per cent, indicating that the incubator is expected to e…
New Delhi, Feb 25 (IANS) India’s building materials market is expected to reach around $100 billion by 2030, driven by a robust 10–12 per cent compound annual growth rate (CAGR) over the next five years, from a $57 billion base in FY25, a report said on Wednesday.The report from investment bank Avendus Capital said that fast moving electrical goods represent the largest opportunity, with wires and cables expected to grow at mid‑teens CAGR supported by grid upgrades, data centres, electric …