VIKASA COO, Chris Luzine, attended an event welcoming the new Indian Ambassador, Harsh Shringla, to the United States. The event provided an opportunity to highlight VIKASA’s network with influencers in international affairs. Ambassador Shringla provided key updates regarding India’s growth and development.
Notably, data localization within the commerce sector and efforts to streamline E-commerce so that vendors remain independently registered will be a priority moving forward. Regarding global trade, India respects the differences in international laws & rights to seaward navigation. Though U.S. Tariffs can have a negative impact in some cases, science and technology investments remain un-impacted.
India will continue to solidify itself as an energy leader with a commitment to utilize 40% renewable energy by 2030. As the United States is now a net energy exporter, India is strongly considering nuclear power projects in partnership with the U.S. India can easily build upon its $4.5 billion in purchases from the U.S., keeping in line with its goal to diversify energy sourcing.
Ambassador Shringla also noted the importance of reasonably priced U.S. medicines for Indian consumption as new trade deals solidify. With the current advancements in India’s insurance sector, access and timely medical systems will be key improvements to the current infrastructure.
The Narendra Modi government has cracked the code to put India among world’s top-100 most business-friendly nations. At number 77 on the World Bank’s 2018 global ranking of 190 countries, India made drastic improvements to its reputation for global business in a few short years. Click here to read more.
Amid the spate of corporate governance issues cropping up with rising frequency, Indian markets will see two entities launch the earliest funds based on Environment, Social and Governance (ESG) investing. Click here to read more.