Siddharth Mehta of IL&FS (former director) is very impressed with growth of Indian economy from the field of digitalization. He says, “India's ability to conceptualize, implement, and produce impact at scale has been demonstrated to the rest of the world by the success of financial and payment platforms like UPI and Rupay. India is possibly the only country in the world where policymakers and the government are actually the biggest disruptors”. Adding to his word, Mehta says, “The PLI is a fantastic tool for ensuring that India eventually becomes a significant manufacturing hub and gains from supply chain "friend-shoring." Even though the short term may be difficult and unstable, India offers a fantastic investment opportunity for someone who can look out five to seven years.”
India provides a wonderful investment opportunity for someone who can take a 5 to 7-year view says Siddharth Mehta IL&FS Former director and Bay Capital CIO & Founder. The digital transformation that is underway is providing opportunities for many unique Indian businesses to be created to solve Indian problems.
According to IL&FS Former Director, Siddharth Mehta the digital economy is rapidly growing. There are 758 Mn internet users in India and this will increase more and more in the next 10 years.
BSE was informed by IL&FS that they decided to appoint Siddharth Mehta as Director of the company on August 2015.
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