What They Say on Their India Plans

In the latest earnings season discussion, several global companies highlighted what they call their India plans, tying strategy to growth in the world’s fastest-growing large economy. Sanmina said it is expanding its Reliance joint venture in India after completing a new facility, focusing on filling additional capacity across multiple end markets. Unilever reported 10% underlying sales growth and 5% volume growth in Q2, aiming to sustain high-single-digit growth through volume, premiumisation and portfolio strength. Philips pointed to double-digit growth driven by premium consumer and healthcare systems and said it sees opportunities for AI-enabled care with Prime Minister Modi and India’s Health Ministry. The Coca-Cola Company cited broad volume growth, investing in affordability and cold-drink equipment. Noble Corporation warned that a planned ONGC deepwater multi-rig exploration campaign may be delayed about one year.