New Delhi,oct 22
Mark Mobius, Founder of Mobius Capital Partners LLP, and an ace investor with expertise in emerging markets said, India’s is the top stock market globally where he would like to invest.In an exclusive interview with ANI, the octagenarian said, “India would have to come first when I think about investment,”
Mobius stated, “Of course, India would have to be the first choice. Then, I would probably look at Taiwan. It’s a Chinese society, but it’s a free society and they’re doing very well. Now we’re beginning to see China rise again. There will be some interesting companies in China, but still, India remains our top pick.”Mobius highlighted technology as his favorite sector to invest in India.”In the future, I believe there’s going to be significant growth in hardware technology. As you know, India is already strong in software technology, but moving forward, hardware manufacturing will gain momentum here in India,” he said.
Discussing India’s semiconductor infrastructure, Mobius mentioned that it is already developing.
“Many of the world’s large semiconductor companies already have software development operations in India, employing thousands of software engineers. The next step, of course, is hardware. Soon, we’ll see large semiconductor manufacturing plants. The scale of investment we’re talking about isn’t in the millions, but billions of dollars, to produce the most advanced semiconductors in the world.”
Mobius also fondly remembered Ratan Tata, who passed away this month.
“I met him many years ago and found him to be a very friendly, humble, and insightful person. I was deeply saddened to hear about his passing. I considered him one of the great Indian entrepreneurs of the century,” Mobius added.
Earlier on Monday, Mark Mobius, speaking at the NDTV World Summit 2024, reiterated he was bullish on India’s real estate and semiconductor sectors, as he outlined the potential of these two key industries.
