The AI gold rush is lifting India’s ‘picks and shovels’ companies
Photo: Malay Mail
MUMBAI, July 31 — At a bustling factory in western India, technicians work around the clock to turn glass into hair-thin fibre-optic strands destined for data centres powering...
From the original report
Indian manufacturers are cashing in on the AI infrastructure buildout by supplying cables, power systems and cooling equipment — even as investors worry the country is falling behind in the race to develop the technology.
Analysts at Nomura describe it as a classic “picks and shovels” trade, a riff on how selling tools during a gold rush can earn people more than searching for the precious metal.
…
This is a brief of a report by another newsroom. The excerpt below is from the original.
Read the full report at Malay Mail
Malay Mail
Read the full translated article in Japanese →
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About this story
- Source
- Malay Mail
- Originally published
- Jul 31, 2026
- Updated here
- Sep 26, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
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