The broader index in India is expected to open with a gain of 46 points, according to the SGX Nifty.
Following the disastrous public debut of fintech firm Paytm, as well as the thrashing experienced by newly listed e-commerce companies Zomato Ltd. and Nykaa, investors have soured on new tech offerings. After investors were burned, regulators increased their scrutiny of IPO candidates, leading to the delays.
India's government is enticing the electronics manufacturing sector with over $7 billion in incentives, including a production-linked incentive system and a strong desire to move up the value chain from simple assembly to more technologically complex semiconductor fabrication.