New Delhi, September 10 (Daily Kiran) : Global investment bank Jeffries has indicated that India’s upcoming industrial revolution will heavily rely on the domestic market. The report highlights significant growth opportunities in sectors such as space, semiconductors, data centers, electronics, solar manufacturing, and aerospace, driven by government policy support and increased private sector involvement.
The analysis emphasizes that India is witnessing the expansion of new industries, thanks to substantial domestic opportunities and the growing participation of private enterprises. This shift is also enhancing both local capabilities and global competitiveness.
Key initiatives mentioned in the report include opening the space sector to private companies, tax incentives for data centers, and incentive schemes for semiconductors, electronics, and solar energy. The government is also taking measures to localize production and is investing in GPU procurement.
India is among a select group of countries advancing in the space sector, with capabilities that are competitive on a global scale. The nation aims to quintuple its space sector revenue to reach $40-45 billion by 2030, with private firms like Skyroot, Pixel, and Agnikul moving towards commercial operations.
In the semiconductor arena, India is transitioning from policy formulation to actual implementation. This includes an investment of nearly $20 billion, the establishment of a chip fabrication facility, and the initiation of various OSAT projects. An additional $13 billion incentive plan is expected to further strengthen the semiconductor ecosystem.
Moreover, India’s data center capacity has grown fivefold in the past five years to reach 2 gigawatts, with projections to hit 10 gigawatts in the next five years. This growth presents investment opportunities worth $45 billion across power, cooling, construction, and networking sectors.
In electronics manufacturing, India is shifting from mere assembly to increased domestic value addition and component manufacturing. The report forecasts that domestic value addition in mobile components will rise from below 20% to nearly 50% in the next six years.
India has also emerged as the world’s second-largest solar photovoltaic manufacturer, currently operating with a capacity of 35 gigawatts and working toward a target of 100 gigawatts. Jeffries estimates that by 2030, 90% of the solar value chain will be produced locally.
Due to affordable manufacturing and engineering talent, India is poised to benefit from the global aerospace sector’s demand-supply imbalance. The report notes that companies like Boeing and Airbus already source approximately $1.4 to $1.6 billion worth of goods annually from India, while Indian firms supply to global OEMs and Tier-1 companies.
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