August 18, 2026 12:39 PM GMT Investor Presentation | Asia Pacific M Foundation India Industrials & Utilities We expect a stronger policy response and greater capex activity to address India's supply-side challenges across energy, defence, and technology (semis & data centres). Indian industrials & utilities should benefit from a multi-year capex supercycle across multiple sectors. Also see our note: India Industrials & Utilities: India's Industrial Capex Cycle Morgan Stanley India Company Private Limited+ G ...