Rare Earths, Ships And Infrastructure: Ramesh Damani On India's Coming Opportunities
As global supply chains are realigned, India's push into rare earths is seen as a crucial long-term play.
Government-backed sectors that are set to see a massive infusion of capital and policy support in India will be rare earth minerals, shipbuilding and infrastructure, according to market veteran Ramesh Damani.
"The government has made rare earth a priority," he said at the NDTV Profit Ignite Conclave.
This strategic focus is drawing attention from both PSUs (Public Sector Undertakings) and private companies now in the race to secure and process these critical minerals, Damani said.
As global supply chains are realigned, India's push into rare earths is seen as a crucial long-term play.
Given India's large coastline and trade appetite, Ramesh Damani said a significant push in shipbuilding and maritime infrastructure is anticipated. This development is expected to create a massive industrial ecosystem and boost India's role in global trade.
India operates dozens of ports along its 7,500-crore shoreline, run by both state-owned and private companies.
Thirdly, Damani also said the government's strong focus on infrastructure spending will continue as it has in the last 20 years.
This vital investment will have a cascading effect, providing a substantial lift to ancillary sectors like construction and real estate, the veteran investor said.
No Credit To Trump
Ramesh Damani also presented a critical perspective on the US stock market's recent performance, which has beaten the rest of the world. "I will not give Trump the credit for the market boom in the US."
Instead of political rhetoric or tariffs, Damani attributed the strength of the US market to technological advancements, stating that the sheer volume of AI capex is eclipsing that problems of tariffs.
He characterized the trade protectionism as "bad economics," and pointed to the US Federal Reserve's independence as another mitigating factor that has helped shield the market from political volatility.
Damani remains unwavering on India's trajectory, asserting that the next ten years represent a generational opportunity for domestic investors.
