India Regains Investor Interest as Global AI Trade Volatility Shifts Market Focus
人工智慧類股交易波動加劇，全球股市轉移市場焦點，印度重新獲得投資者青睞
India’s equity market is drawing renewed attention from global investors as volatility surrounding the global artificial intelligence (AI) rally prompts a shift toward more stable markets. The NSE Nifty 50 Index has emerged as a relatively resilient performer, experiencing fewer large daily swings than both the MSCI Emerging Markets Index and the S&P 500 in the first half of the year. While India’s limited exposure to AI-related stocks had previously caused it to lag markets such as Taiwan and South Korea, concerns over the sustainability of the AI-driven rally are encouraging investors to reconsider India. In June, the Nifty 50 recorded its strongest outperformance against the MSCI Emerging Markets Index since November, while foreign investor outflows eased to their lowest level in four months.
Investor sentiment has also improved as the Indian rupee stabilizes after reaching a record low and easing Middle East tensions reduce oil prices, relieving pressure on inflation-sensitive sectors such as refining and aviation. A government report released in late June highlighted improving economic growth prospects, while optimism is building ahead of the corporate earnings season beginning with Tata Consultancy Services. For non-Indian companies and global investors, India’s role as a relatively stable market outside the AI-driven investment cycle offers an attractive diversification opportunity, particularly amid heightened uncertainty in technology-heavy global equity markets.
https://www.businesstimes.com.sg/international/investors-seeking-shelter-ai-storm-are-turning-india
編按：在人工智慧驅動的股市行情波動加劇之際，全球投資人正將目光轉向印度股市，尋求穩定的投資選項，近來印度Nifty 50指數展現韌性，緩解了外資流出。盧比走強、油價下跌以及財報季前正向的成長前景，都提振了市場情緒，進一步強化了印度作為多角化投資標的的吸引力。
Indian Toy Market Draws Global Attention as International Industry Sees Strong Growth Potential
印度玩具市場吸引全球關注，國際業界看好其強勁成長潛力
India’s toy industry is gaining increasing international attention, with May Liang, Chair of the China Toy & Juvenile Products Association, highlighting the country’s significant market potential during her visit to a toy exhibition in New Delhi. A delegation comprising representatives from China, Taiwan and Hong Kong attended the event to explore collaboration opportunities with Indian manufacturers and industry bodies. Liang said India’s demographic advantage, with more than 20 million children born each year, makes it one of the world’s most promising toy markets. She described her first visit to an Indian toy fair as a positive experience and noted the strong engagement with members of the Indian Toy Association, saying discussions reflected a long-standing relationship between the two sides.
Talks during the exhibition focused on expanding bilateral cooperation, particularly in the ride-on toys segment, where both Indian and international participants expressed strong interest. Liang also noted that India’s toy manufacturing industry has made considerable progress in improving quality standards over recent years, aided by the presence of multinational companies such as Hasbro, whose manufacturing operations have helped raise industry benchmarks. She said these developments have strengthened confidence in India’s manufacturing ecosystem. For non-Indian companies, India’s rapidly expanding consumer market, improving product quality, and growing openness to international partnerships present attractive opportunities for investment, manufacturing, sourcing, technology transfer, and distribution across the toy industry.
編按：印度的玩具產業正吸引全球的注意。來自中國大陸、台灣和香港的代表齊聚新德里，探討合作事宜。在展會上，中國玩具和嬰童用品協會監事長兼發言人梁梅強調印度的人口優勢和市場潛力。不斷升級的品質標準、跨國公司的參與以及對合作的開放態度，使印度成為玩具產業投資、製造和配銷的理想中心。
傳統上，玩具常被歸類為非科技產品，然而隨著「科技導入」（Technology-adopted）趨勢的普及，現代玩具已默默植入感測器、晶片與通訊模組。這項變革使得玩具不再只是單純的娛樂工具，而是演化為「實體版的 AI 裝置」（如互動式 IoT 玩具或智慧機器人）。在此趨勢下，智慧玩具的轉型潮正為科技產業開闢出全新的應用場景。
近期印度玩具生態圈的蓬勃發展，對於資訊通訊技術（ICT）及硬體業者而言，無疑是個不容忽視的市場訊號。隨著玩具智慧化，相關供應鏈正迎來顯著的技術紅利。例如，智慧騎乘玩具（Ride-on Toys）對微控制器（MCU）及地緣管理技術的需求日益增加；同時，隨著孩之寶（Hasbro）等國際玩具巨頭擴大在印度的本土化生產，亦同步拉升了智慧互動、語音辨識、感測科技等設計需求。這項趨勢將直接惠及晶片、感測器及 PCB 組裝（PCBA）等 ICT 電子零組件供應商。
針對市場對於印度生育率近期從 2.0 微幅下滑至 1.9 的隱憂，產業數據顯示，儘管生育率有些微波動，但印度每年仍擁有高達 2,000 萬名新生兒的龐大基數。這股強勁的人口紅利預計將持續支撐市場運作至 2050 年。在龐大的消費客群與科技轉型雙重驅動下，印度智慧玩具市場對於 ICT 業者與半導體硬體供應商而言，依舊是極具長期發展潛力的戰略市場。
EVA Air Plans Return to India with New Delhi Service, Expanding US–India Connectivity via Taipei
長榮航空計劃重返印度市場，啓動新德里航線，透過台北擴大美印航線連結
Taiwan-based EVA Air is planning to return to the Indian market with the launch of flights to New Delhi via its hub at Taipei Taoyuan International Airport, marking its first India service since discontinuing operations to Mumbai. The airline is targeting an early December 2026 launch, subject to regulatory approvals, with the service aimed at meeting increased winter holiday travel demand between North America, India, and other Asian destinations. The new route is expected to establish Taipei as another key transit hub for US–India travel alongside established gateways such as Singapore, Hong Kong, Dubai, Doha, Abu Dhabi, Istanbul, Frankfurt, London, Paris, and Amsterdam. EVA Air’s decision to serve New Delhi is also supported by its codeshare partnership with Air India, whose primary hub at Indira Gandhi International Airport provides onward connectivity across India and a growing network of destinations in Asia.
The planned India expansion follows EVA Air’s continued growth in the United States, including the launch of Washington Dulles as its tenth US destination after adding Dallas in 2025. The airline’s US network also includes New York, Chicago, Seattle, Houston, Los Angeles, and San Francisco, with additional domestic connectivity provided through its interline partnership with Southwest Airlines. EVA Air expects the New Delhi service to strengthen travel options for the Indian diaspora in North America while enhancing connectivity between India, Taiwan, and the wider Asia-Pacific region. For non-Indian companies, the new route could improve business mobility, tourism, and cargo connectivity, while creating opportunities for greater commercial engagement between India, Taiwan, and North America through a more diversified and efficient international air transport network.
https://www.indianeagle.com/travelbeats/eva-air-to-launch-new-delhi-flights-from-usa-via-taipei
編按：長榮航空計畫於2026年12月重啟印度航線，經台北飛往新德里，此舉將增加美印之間的飛航選擇，藉由與印度航空的代碼共享協議拓展航線網絡。此次航線擴張係植基於長榮航空不斷增長的美國航線，預計將促進印度、台灣和北美之間的僑民進出、商務往來、旅遊和貨運聯繫。
Japan and India to Boost Cooperation on Semiconductors and Critical Supply Chains
日本和印度將加強在半導體、關鍵礦產和戰略供應鏈領域的合作
Japan and India are expected to significantly deepen their strategic partnership as Japanese Prime Minister Sanae Takaichi and Indian Prime Minister Narendra Modi hold summit talks in New Delhi aimed at expanding cooperation in semiconductors, critical minerals, and broader economic security. The leaders are also expected to strengthen collaboration on stable energy procurement, maritime security, and defence equipment, reflecting a shared commitment to enhancing supply chain resilience and regional stability. According to Japanese government officials, the two sides are expected to issue multiple outcome documents following the meeting, outlining new initiatives across these priority sectors. The discussions come at a time when disruptions to global oil supplies, triggered by the U.S.-Israeli conflict with Iran, have reinforced the importance of secure energy and critical technology supply chains.
The summit also highlights Japan’s strategic focus on India as a key partner in advancing a free and open Indo-Pacific and reducing dependence on concentrated supply chains amid growing geopolitical uncertainty. The meeting takes place against the backdrop of deteriorating Japan–China relations, including tighter Chinese restrictions on exports of dual-use products and essential rare earth materials to Japan, while India continues to balance its long-standing border dispute with China alongside strong economic engagement. Prime Minister Takaichi’s three-day visit, her first to India since assuming office in October, follows the two countries’ practice of reciprocal leader-level visits and underscores the expanding scope of bilateral cooperation. For non-Indian companies, closer Japan–India collaboration is expected to create opportunities across semiconductor manufacturing, electronics, critical minerals processing, clean energy, advanced manufacturing, logistics, and defence supply chains, while supporting efforts by global businesses to diversify production networks and strengthen supply chain resilience in the Indo-Pacific region.
編按：日本和印度將深化戰略夥伴關係，兩國領導人聚焦於半導體、關鍵礦產、能源安全和國防合作，以強化供應鏈和區域穩定。這場高峰會凸顯了日本在與中國關係緊張之際轉向印度的戰略，為全球企業在先進製造業、清潔能源和多角化的印太供應鏈等領域創造了新的機會。
Microsoft-Led Subsea Cable to Boost India–SEA AI Connectivity
微軟主導的聯盟將建造印度-東南亞海底光纜，以促進人工智慧和雲端運算連結
A consortium comprising Microsoft, telecom infrastructure provider Lightstorm, Tata Communications, Singapore Telecommunications, ASEAN Cableship, and Japan’s NEC Corp. has announced plans to develop a new undersea cable connecting India with Malaysia and Singapore, strengthening digital connectivity across the region. Named I-2SEA, the 3,600-kilometre submarine cable will support growing demand for artificial intelligence (AI), cloud computing, and hyperscale data workloads. The network will include a landing station at Machilipatnam in Andhra Pradesh, a location that is also attracting major data centre investments from global technology companies. According to Lightstorm Group CEO and Managing Director Amajit Gupta, the cable is expected to become operational in the fourth quarter of 2029 and will expand the company’s AI and cloud connectivity network in India from 19 to 29 interconnected zones.
The project reflects India’s rapidly expanding digital infrastructure as demand for AI services, cloud computing, and data centres continues to accelerate. Lightstorm is also preparing for a potential public listing in India in mid-2027, underscoring growing investor interest in the country’s digital infrastructure sector. With submarine cables carrying around 95% of global internet traffic, the new network is expected to enhance international data capacity and improve connectivity between India and Southeast Asia. For non-Indian companies, the project offers stronger digital infrastructure to support cloud services, AI deployment, hyperscale data centres, financial services, content delivery, and cross-border digital operations, while creating new opportunities for technology providers, telecom operators, infrastructure investors, and enterprises seeking to expand across the Indo-Pacific region.
編按：由微軟、塔塔通訊、Lightstorm、新加坡電信、東協電纜公司和NEC組成的企業聯盟正在建造全長3,600公里的I-2SEA海底光纜，連結印度、馬來西亞和新加坡，旨在提升人工智慧、雲端運算和超大規模資料的連結能力。該計畫預計將於2029年底投入營運，屆時將增強印度的數位基礎設施，並為全球企業在雲端服務、資料中心和跨境數位營運領域創造機會。
Indian Electronics Makers Partner with Taiwan, Japan, and South Korea
印度電子產品製造商擴大與台灣、日本和韓國的合作，以加強供應鏈
Indian electronics manufacturers are increasingly partnering with companies from Taiwan, Japan and South Korea as they diversify technology collaborations and reduce reliance on China amid prolonged regulatory approvals for India–China corporate alliances. The shift supports the Indian government’s strategy of strengthening domestic electronics manufacturing and expanding global technology partnerships beyond China. Over the past four to five months, companies including Dixon Technologies, Amber Enterprises, PG Electroplast, Epack Durable and Syrma SGS Technology have signed or operationalised at least eight partnerships covering the production of electronic components and finished products for both domestic and international markets. These collaborations span laptops, servers, desktops, telecom equipment, printed circuit boards and smart audio devices, reflecting India’s growing ambition to become a global electronics manufacturing hub.
Among the major developments, Dixon Technologies is preparing to operationalise a joint venture with Taiwan’s Inventec Corp to manufacture laptops, servers, desktops and related components, while also forming a joint venture with Taiwan’s Gemtek Technology to produce telecom products such as optical transceivers. Syrma SGS Technology has partnered with Japan’s Kaga Electronics to establish an electronics manufacturing facility serving Japanese customers, Epack Durable is advancing a joint venture with South Korea’s Bumjin Electronics for smart audio devices, and Amber Enterprises has begun construction of a printed circuit board manufacturing plant in collaboration with South Korea’s Korea Circuit Co. Industry executives note that while China continues to retain advantages in technology and manufacturing costs, Indian companies are increasingly pursuing diversified partnerships to improve supply chain resilience and reduce geopolitical risks. For non-Indian companies, the trend highlights expanding opportunities to collaborate with Indian manufacturers in electronics, components, telecommunications equipment, industrial technology and advanced manufacturing, as India continues to position itself as an alternative global production and export base.
編按：印度電子製造商正與台灣、日本和韓國的企業建立新的合作夥伴關係，實現供應鏈多角化並減少對中國的依賴，這與政府促進國內生產的舉措相互契合。近期筆記型電腦、電信設備、印刷電路板和智慧音訊設備等領域的跨國合資案例，凸顯了印度成為全球電子中心的雄心，為國際公司提供了更廣泛的合作機會。