Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Saba Capital buys $658k in Ellsworth Growth & Income Fund shares

Saba Capital buys $658k in Ellsworth Growth & Income Fund shares

India's expanding manufacturing sector and its reputation as a dependable economy are generating fresh investment prospects in chemicals, materials, and defense, according to Trifecta Capital co-founder and managing partner Rahul Khanna. Addressing a Bloomberg panel discussion, Khanna highlighted how India's engagement in the global manufacturing landscape is presenting opportunities across sectors where the venture capital firm has previously invested.

Khanna noted that manufacturing is experiencing significant growth in India, with a plethora of pipeline opportunities emerging in chemicals and materials. The firm's investments in India have surpassed $1 billion, spanning over 200 companies, including unicorns Meesho and Urban Company. The company's focus on sovereign technology has also opened doors in the defense industry, where Trifecta Capital has made multiple investments.

Supply chains are being restructured as businesses seek out dependable economies, with India positioning itself as such, particularly in the context of Europe. This shift in supply chains is leading companies to bring overseas technology to India before exporting it to Europe.

Pronto CEO Anjali Sardana shared how the company's operations in India contribute data that can be utilized for training robotics models and supporting research. She emphasized the challenges posed by the data shortage in robotics development, adding that robotics can help address labor market issues in developed countries. Sardana believes that by deploying robotics, the data bottleneck can be overcome, effectively solving two problems simultaneously.

Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at investing.com →

More in Finance & Markets

More from Thursday 15 October →