{
 "purpose": "The investor map as a policy bulletin: for each of the 12 sectors the Indian government is incentivizing, where the world's companies in that sector actually are (the courting map -- 19,795 companies across 107 countries from the global classification universe, coverage-first with NO profitability gate), how many India already lists, which incentive lane courts them, and the verified foreign-investor x initiative pairings. Full data + reproducible scripts live in the companion repo focus-sector-investor-map.",
 "retrieved": "2026-07-20",
 "method": "Base = Damodaran's 48,156-company global classification (all exchanges), mapped to the 12 focus sectors -- deliberately ungated: the question is where suitable companies EXIST, not which pass a screen. Market-layer (liquidity/momentum, 20 markets) and per-name profitability (yfinance-verified, 147 names) are attribute layers in the companion repo. Initiative lanes from the site-verified ministry catalog; pairings PRID-cited from the PIB register.",
 "sector_map": [
  {
   "sector": "Electronics & Semiconductors",
   "global_companies": 3449,
   "india_listed": 100,
   "top_countries": [
    {
     "country": "China",
     "n": 837
    },
    {
     "country": "Taiwan",
     "n": 789
    },
    {
     "country": "South Korea",
     "n": 487
    },
    {
     "country": "United States",
     "n": 312
    },
    {
     "country": "Japan",
     "n": 237
    },
    {
     "country": "India",
     "n": 100
    },
    {
     "country": "Hong Kong",
     "n": 84
    },
    {
     "country": "Malaysia",
     "n": 60
    }
   ],
   "initiative_lane": "MPMS Rs 62,500cr + ECMS (extended) + Semicon 2.0's six pillars incl. the new equipment/materials lane"
  },
  {
   "sector": "Pharma & Bulk Drugs",
   "global_companies": 2453,
   "india_listed": 197,
   "top_countries": [
    {
     "country": "United States",
     "n": 724
    },
    {
     "country": "China",
     "n": 386
    },
    {
     "country": "South Korea",
     "n": 226
    },
    {
     "country": "India",
     "n": 197
    },
    {
     "country": "Canada",
     "n": 132
    },
    {
     "country": "Taiwan",
     "n": 125
    },
    {
     "country": "Sweden",
     "n": 76
    },
    {
     "country": "Japan",
     "n": 73
    }
   ],
   "initiative_lane": "PLI Pharma (the family's A) + bulk-drug parks + PRIP R&D + SPI/API-CF calls OPEN"
  },
  {
   "sector": "Medical Devices",
   "global_companies": 842,
   "india_listed": 19,
   "top_countries": [
    {
     "country": "United States",
     "n": 204
    },
    {
     "country": "China",
     "n": 138
    },
    {
     "country": "South Korea",
     "n": 92
    },
    {
     "country": "Taiwan",
     "n": 58
    },
    {
     "country": "Sweden",
     "n": 54
    },
    {
     "country": "Japan",
     "n": 39
    },
    {
     "country": "Australia",
     "n": 29
    },
    {
     "country": "Israel",
     "n": 28
    }
   ],
   "initiative_lane": "PLI MedDev + 4 device parks + SMDI calls OPEN + National MedDev Policy 2023"
  },
  {
   "sector": "Auto, EV & Components",
   "global_companies": 962,
   "india_listed": 139,
   "top_countries": [
    {
     "country": "China",
     "n": 254
    },
    {
     "country": "India",
     "n": 139
    },
    {
     "country": "South Korea",
     "n": 121
    },
    {
     "country": "Japan",
     "n": 108
    },
    {
     "country": "United States",
     "n": 68
    },
    {
     "country": "Taiwan",
     "n": 66
    },
    {
     "country": "Germany",
     "n": 19
    },
    {
     "country": "Pakistan",
     "n": 15
    }
   ],
   "initiative_lane": "PLI Auto (accelerating) + SPMEPCI duty-for-investment + PM E-DRIVE demand-side + ACC re-tender (eyes open)"
  },
  {
   "sector": "Specialty Steel & Metals",
   "global_companies": 2593,
   "india_listed": 236,
   "top_countries": [
    {
     "country": "Canada",
     "n": 833
    },
    {
     "country": "Australia",
     "n": 515
    },
    {
     "country": "India",
     "n": 236
    },
    {
     "country": "China",
     "n": 226
    },
    {
     "country": "United States",
     "n": 92
    },
    {
     "country": "South Korea",
     "n": 90
    },
    {
     "country": "United Kingdom",
     "n": 65
    },
    {
     "country": "Japan",
     "n": 61
    }
   ],
   "initiative_lane": "PLI Specialty Steel R1.2 + National Critical Mineral Mission Rs 34,300cr + recycling incentive + REPM magnets"
  },
  {
   "sector": "Chemicals & Plastics",
   "global_companies": 2453,
   "india_listed": 481,
   "top_countries": [
    {
     "country": "China",
     "n": 612
    },
    {
     "country": "India",
     "n": 481
    },
    {
     "country": "Japan",
     "n": 190
    },
    {
     "country": "South Korea",
     "n": 187
    },
    {
     "country": "United States",
     "n": 114
    },
    {
     "country": "Taiwan",
     "n": 108
    },
    {
     "country": "Thailand",
     "n": 61
    },
    {
     "country": "Malaysia",
     "n": 56
    }
   ],
   "initiative_lane": "THE GAP: largest uncovered import heads; gasification Rs 37,500cr feeds petrochem feedstocks; chemicals PLI still at formulation -- first-mover lane"
  },
  {
   "sector": "White Goods & Electricals",
   "global_companies": 2129,
   "india_listed": 234,
   "top_countries": [
    {
     "country": "China",
     "n": 501
    },
    {
     "country": "United States",
     "n": 249
    },
    {
     "country": "India",
     "n": 234
    },
    {
     "country": "South Korea",
     "n": 177
    },
    {
     "country": "Taiwan",
     "n": 152
    },
    {
     "country": "Japan",
     "n": 114
    },
    {
     "country": "Malaysia",
     "n": 56
    },
    {
     "country": "Hong Kong",
     "n": 52
    }
   ],
   "initiative_lane": "PLI White Goods (component localization; note 85->80 attrition)"
  },
  {
   "sector": "Aerospace & Defence",
   "global_companies": 319,
   "india_listed": 23,
   "top_countries": [
    {
     "country": "United States",
     "n": 79
    },
    {
     "country": "China",
     "n": 68
    },
    {
     "country": "India",
     "n": 23
    },
    {
     "country": "South Korea",
     "n": 21
    },
    {
     "country": "Israel",
     "n": 16
    },
    {
     "country": "United Kingdom",
     "n": 14
    },
    {
     "country": "Canada",
     "n": 12
    },
    {
     "country": "France",
     "n": 12
    }
   ],
   "initiative_lane": "MRO concessions + defence corridors; HS88 uncovered -- the gap is the opportunity"
  },
  {
   "sector": "Shipbuilding & Marine",
   "global_companies": 359,
   "india_listed": 28,
   "top_countries": [
    {
     "country": "China",
     "n": 39
    },
    {
     "country": "India",
     "n": 28
    },
    {
     "country": "Indonesia",
     "n": 27
    },
    {
     "country": "Japan",
     "n": 26
    },
    {
     "country": "Vietnam",
     "n": 26
    },
    {
     "country": "Greece",
     "n": 19
    },
    {
     "country": "Hong Kong",
     "n": 18
    },
    {
     "country": "Taiwan",
     "n": 16
    }
   ],
   "initiative_lane": "Rs 69,725cr package: SBFAS 2.0 to 2036 (~14%), MDF Rs 25,000cr, SbDS clusters (Porbandar/Vadinar)"
  },
  {
   "sector": "Textiles & Apparel",
   "global_companies": 1291,
   "india_listed": 399,
   "top_countries": [
    {
     "country": "India",
     "n": 399
    },
    {
     "country": "China",
     "n": 138
    },
    {
     "country": "Pakistan",
     "n": 100
    },
    {
     "country": "Hong Kong",
     "n": 84
    },
    {
     "country": "Taiwan",
     "n": 73
    },
    {
     "country": "South Korea",
     "n": 72
    },
    {
     "country": "Bangladesh",
     "n": 69
    },
    {
     "country": "Japan",
     "n": 63
    }
   ],
   "initiative_lane": "PLI Textiles (amended windows) + PM MITRA parks + Cotton Mission upstream"
  },
  {
   "sector": "Food Processing",
   "global_companies": 1450,
   "india_listed": 220,
   "top_countries": [
    {
     "country": "India",
     "n": 220
    },
    {
     "country": "China",
     "n": 167
    },
    {
     "country": "Japan",
     "n": 118
    },
    {
     "country": "United States",
     "n": 78
    },
    {
     "country": "South Korea",
     "n": 62
    },
    {
     "country": "Thailand",
     "n": 60
    },
    {
     "country": "Indonesia",
     "n": 54
    },
    {
     "country": "Malaysia",
     "n": 49
    }
   ],
   "initiative_lane": "PLISFPI sunsets FY27; PMKSY capex windows OPEN (cold chain, CEFPPC) are the entry"
  },
  {
   "sector": "Green Energy & Fuels",
   "global_companies": 1495,
   "india_listed": 63,
   "top_countries": [
    {
     "country": "United States",
     "n": 219
    },
    {
     "country": "Canada",
     "n": 212
    },
    {
     "country": "China",
     "n": 148
    },
    {
     "country": "Australia",
     "n": 113
    },
    {
     "country": "India",
     "n": 63
    },
    {
     "country": "United Kingdom",
     "n": 56
    },
    {
     "country": "Indonesia",
     "n": 49
    },
    {
     "country": "Hong Kong",
     "n": 46
    }
   ],
   "initiative_lane": "SIGHT hydrogen tranches + ALMM (List-II window to 31-Dec-2026) + offshore wind VGF + gasification R1 OPEN"
  }
 ],
 "verified_profitable_layer": {
  "note": "attribute layer, not a gate",
  "count": 147,
  "with_expansion_signal": 102
 },
 "pairings": {
  "verified": [
   {
    "company": "Foxconn (Hon Hai)",
    "ticker": "2317.TW",
    "sector": "Electronics & Semiconductors",
    "initiative": "PLI-LSEM (first incentive approved, PRID 1885189) -> MPMS successor lane + ECMS components",
    "status": "PRODUCING (PIB-credited)"
   },
   {
    "company": "Samsung Electronics",
    "ticker": "005930.KS",
    "sector": "Electronics & Semiconductors",
    "initiative": "PLI-LSEM beneficiary (PRID 1662096); Noida plant (PRID 1538166) -> MPMS lane",
    "status": "PRODUCING (PIB-credited)"
   },
   {
    "company": "Micron Technology",
    "ticker": "MU",
    "sector": "Semiconductors",
    "initiative": "India Semiconductor Mission ATMP, Sanand (unit approved 2023; ISM unit list)",
    "status": "APPROVED/BUILDING"
   },
   {
    "company": "PSMC (Powerchip)",
    "ticker": "6770.TW",
    "sector": "Semiconductors",
    "initiative": "Technology partner of the Tata Dholera fab (Cabinet approval Feb-2024, PRID 2010132)",
    "status": "APPROVED (partner)"
   },
   {
    "company": "Renesas Electronics",
    "ticker": "6723.T",
    "sector": "Semiconductors",
    "initiative": "CG Power ATMP JV (Cabinet approval Feb-2024, PRID 2010132)",
    "status": "APPROVED (partner)"
   },
   {
    "company": "Suzuki Motor",
    "ticker": "7269.T",
    "sector": "Auto & EV",
    "initiative": "PLI Auto ecosystem via Maruti Suzuki; EV exports from India (e-Vitara line)",
    "status": "PRODUCING"
   },
   {
    "company": "Hyundai Motor",
    "ticker": "005380.KS",
    "sector": "Auto & EV / ACC",
    "initiative": "PLI Auto participant -- CAUTION: affiliate Hyundai Global Motors' 20 GWh ACC award vanished from DHI documents (registry finding)",
    "status": "PRODUCING (auto); ACC award lapsed"
   },
   {
    "company": "LG Electronics",
    "ticker": "066570.KS",
    "sector": "White Goods",
    "initiative": "PLI White Goods (AC/LED components) -- note beneficiary-list attrition 85->80",
    "status": "PARTICIPANT"
   },
   {
    "company": "Daikin Industries",
    "ticker": "6367.T",
    "sector": "White Goods (AC components)",
    "initiative": "PLI White Goods compressor/component localization lane",
    "status": "PARTICIPANT"
   },
   {
    "company": "POSCO Holdings",
    "ticker": "005490.KS",
    "sector": "Specialty Steel",
    "initiative": "POSCO-JSW $7.73bn JV MoU -- NEGATIVE FINDING: no EC application on PARIVESH register; Specialty Steel R1.2 is the live lane",
    "status": "MoU-STAGE (clearance-proof of stall)"
   },
   {
    "company": "ArcelorMittal (AM/NS India)",
    "ticker": "MT",
    "sector": "Specialty Steel",
    "initiative": "PLI Specialty Steel participant via AM/NS; R1.2 MoUs (Feb-2026)",
    "status": "PARTICIPANT"
   },
   {
    "company": "First Solar",
    "ticker": "FSLR",
    "sector": "Solar Manufacturing",
    "initiative": "PLI Solar Tranche-II LoA cohort (SECI awards, Apr-2023) + ALMM enlistment",
    "status": "BUILDING/PRODUCING"
   }
  ],
  "prospective": [
   {
    "company": "Applied Materials",
    "ticker": "AMAT",
    "sector": "Semicon equipment",
    "initiative": "Semicon 2.0's NEW equipment/materials/chemicals/gases pillar (Cabinet 15-Jul-2026, PRID 2284796); Bengaluru R&D commitment announced",
    "status": "PROSPECTIVE"
   },
   {
    "company": "Lam Research",
    "ticker": "LRCX",
    "sector": "Semicon equipment",
    "initiative": "Semicon 2.0 equipment pillar; India supplier-ecosystem commitments announced",
    "status": "PROSPECTIVE"
   },
   {
    "company": "Merck KGaA / Linde",
    "ticker": "MRK.DE / LIN",
    "sector": "Semicon materials & gases",
    "initiative": "Semicon 2.0 materials/gases pillar",
    "status": "PROSPECTIVE"
   },
   {
    "company": "Airbus",
    "ticker": "AIR.PA",
    "sector": "Aerospace",
    "initiative": "C295 Vadodara line with Tata (defence corridor); MRO GST/royalty concessions; HS88 remains an uncovered import head -- the gap is the opportunity",
    "status": "PRODUCING (defence JV)"
   },
   {
    "company": "Global shipowners/yards (Maersk, HD Hyundai HI, Mitsui OSK)",
    "ticker": "MAERSK-B.CO / 329180.KS / 9104.T",
    "sector": "Shipbuilding & Marine",
    "initiative": "Rs 69,725cr package: SBFAS 2.0 (~14% assistance, to 2036), Maritime Development Fund Rs 25,000cr, SbDS clusters (Porbandar/Vadinar approvals Jul-2026)",
    "status": "PROSPECTIVE (MoUs reported at ministry events)"
   },
   {
    "company": "Global cell/battery majors (LGES, CATL, Panasonic Energy)",
    "ticker": "373220.KS / 300750.SZ / 6752.T",
    "sector": "ACC Battery",
    "initiative": "ACC 10 GWh re-tender (GSSS) after awardee attrition -- the F-graded scheme is also the open capacity",
    "status": "PROSPECTIVE (eyes-open: zero disbursal to date)"
   },
   {
    "company": "Urea/ammonia technology majors (KBR, Casale via EPCs)",
    "ticker": "KBR",
    "sector": "Fertilizers",
    "initiative": "NIPU-2026: 8-9 gas-based plants, RoE band 12-16%, forex-risk mitigation (PRID 2284800)",
    "status": "PROSPECTIVE"
   }
  ],
  "method_note": "Verified pairs come from PIB releases, Cabinet approvals and ministry unit-lists collected by the trade-policy program (india-trade-sector-policy-recommendations); prospective pairs name the Cabinet-approved lane and the company's publicly announced India intent. The negative findings (POSCO EC absence, Hyundai ACC lapse, White Goods attrition) are retained deliberately -- pairing quality includes knowing which pairings are stalled."
 },
 "readings": [
  "The courting pools match the FDI-sourcing strategies almost one-for-one: Taiwan (789) + South Korea (487) + China (837) hold the electronics-component pool ECMS/Semicon 2.0 targets; Canada (833) and Australia (515) hold the metals/critical-minerals pool the NCMM chain needs; the US holds pharma (724) and medtech (204); Vietnam (26) and Indonesia (27) appear as shipbuilding peers -- competitors as much as sources.",
  "India already lists meaningful domestic pools in textiles (399), chemicals (481), food (220) and steel/metals (236) -- sectors where the play is upgrading listed incumbents, versus electronics/medtech where the pool must be imported (India lists just 10 screened electronics names vs Taiwan's 789 classified).",
  "Chemicals & Plastics is the standout asymmetry: 2,453 companies globally, 481 in India, the largest uncovered import heads, and no dedicated scheme -- the first-mover lane this program's action items have flagged since the gap analysis.",
  "Coverage-first matters: gating on profitability first would have hidden exactly the turnaround/expansion candidates incentives exist to attract; profitability is an attribute to check per courting conversation (147 names already verified in the companion repo)."
 ]
}