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The Economic Times
The Economic Times
National

Financing demand set to shift to emerging sectors like AI, semiconductors: Report

Semiconductor Artificial Intelligence Union Bank of India Hydrogen Batteries India

New Delhi: Financing demand in India's emerging sectors is expected to shift towards battery storage, semiconductor packaging, green hydrogen projects with assured buyers and defence suppliers over the next three to five years, as investments in new growth industries create opportunities for banks, according to a Union Bank of India research report.

The report noted artificial intelligence (AI), semiconductors and defence is likely to lead the investment pipeline, with indicative public and private investments of around Rs 5.9 lakh crore, Rs 5.27 lakh crore and Rs 5.07 lakh crore, respectively.

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