DATA FOCUS | FEATURE


Vietnam and Nvidia are to construct an AI R&D centre. © Michael Vi Shutterstock.com


pipeline value. Over the coming years, investments in the Indian manufacturing sector will be driven by the government’s aim to boost domestic manufacturing, to reduce imports from China. In November 2024, the Indian


government announced its plan to attract investments worth $40bn by 2030 for the construction of electric vehicle (EV) manufacturing units, and lithium-ion battery facilities. Additionally in January 2025, the Indian


government also announced its ambitious target of securing $500bn in investments for semiconductor manufacturing projects by 2030.


The plan focuses on strengthening domestic manufacturing capabilities and building a robust semiconductor ecosystem, with an emphasis on fostering private sector involvement to position India as a global hub for electronics manufacturing by 2030. Previously, in September 2024, the Indian and US governments signed an agreement to unlock $1bn for clean energy technology manufacturing in India. The partnership aims to unlock multilateral finance through the International Bank for Reconstruction and Development (IBRD) for projects that supports catalysing India’s domestic clean energy supply chain buildout. In the initial phase, the two nations will collaborate on providing financing to support projects such as renewable energy, energy storage,


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