Siddharth Mehta IL&FS Former Director, Founder and CIO of Bay Capital is Positive about investing in the Indian market rather than any other emerging and developed one. Because India has seen a tremendous increase in the overall penetration of the internet owing to strong growth in low-cost smartphones, a significant reduction in data prices, the creation of an ecosystem of products and services driven by the government’s digital initiatives, and the development of low cost, robust payment systems.
In every sector and in every business aspect, digital activity has become extremely important and relevant as this was the only way for consumers to access products and services and for businesses to operate. Pandemic has accelerated growth in the digital space! Siddharth Mehta founder and CIO of Bay Capital said that.
"The digital transformation of India is only just accelerating, and we believe the internet economy could grow 10x in 10 years from here on (to get to more than $800 billion), resulting in many large businesses accreting significant shareholder wealth. The nature and shape of the Indian economy and financial markets will be very different in 2030 than they are today."
Today, the digital ecosystem has evolved, and many segments have consolidated with clear leaders emerging. Across the globe, the nature of digital economy dictates that the consumer would tend to gravitate towards fewer platforms.
Within this, leadership businesses will end up having far larger share of traffic, revenue as well as profit pool! Many large digital, consumer tech companies are already profitable on EBITDA level and PAT profits look imminent.
Quite a few of these franchises plan to list in the next 12-24 months and will be very well sought after by public market investors due to the growth and profitability profile. In the last 20 years, technology has leapfrogged significantly and digital has become a part of our daily lives.
With each passing moment, consumer awareness and dependence on internet is only increasing and this has led to rapid decline in customer acquisition costs and increased the overall Life Time Value of the customer for digital businesses.
The impact of this has not been lost on the overall investment community as well.
The project is strategically important because the Zojila Pass, located on the Srinagar-Kargil-Leh National Highway at an altitude of 11,578 feet (nearly 3,529 metres), is closed in the winters due to snowfall, consequently cutting Ladakh off from Kashmir.CCTV camera also fixed in the tunnel 24 x7 surveillance was taken by a government fully secured and high protection will be placed.He further said that although a revised estimated cost of over Rs 8,000 crore has been presented before the cabinet, the ministry is deliberating on design changes to prevent cost escalationSlated to be the longest bi-directional tunnel in Asia, the Zojila tunnel’s foundation stone was laid in May 2018 by Prime Minister Narendra Modi in Jammu and Kashmir.
However, the National Highways and Infrastructure Development Corporation Limited (NHIDCL), which had initially awarded the contract for the tunnel to IL group’s IL Transportation, terminated the contract in January last year after the group abandoned the project over financial issues.Zojila TunnelThe 14.15 km long Zojila Tunnel is significant as it will reduce the 3.5-hour drive to a mere 15 minutes of travel.The estimated time of completion of the tunnel is seven years from the commencement of the construction.Additionally, the tunnel’s proposed plan included the provision of pedestrian cross passages every 250 metres, emergency telephones and fire-fighting cabinets every 125 metres and motorable cross passages and lay-bys every 750 metres.
https://biographytalk.com/nakuul-mehta/Nakuul Mehta is an Indian model, actor and dancer known for his job of Aditya Kumar in Star Plus Pyaar Ka Dard Hai Meetha Pyaara.
At present, he is assuming the job of Shivaay Singh Oberoi in Star Plus Ishqbaaaz.
Nakuul Mehta Biography, Personal Details, Career, Body Stats and Net worth 1] Early life and Education Mehta was… Read More »
