“US-India friendship has scaled many heights in the past. Now it is time our partnership plays an important role in helping the world bounce back faster after the pandemic,” Modi said at the India Ideas Summit organized by the US-India Business Council (USIBC). Modi said India has what is needed to power the global economic recovery. “The rise of India means a rise in trade opportunities with a nation that you can trust. A rise in global integration with increasing openness,” he said.
Earlier this year, VIKASA Capital partnered with The Racon Companies to create a natural resources-focused special purpose acquisition company, the Racon Natural Resources SPAC. Recognizing the ongoing global need for the natural resources which underpin modern society, and growing distress in natural resource companies, VIKASA and Racon conceived an investment strategy to provide liquidity to distressed energy, clean technology, and rare earths minerals assets utilizing the advantages of the special purpose acquisition company structure. With an ESG-driven focus on operational sustainability and financial stewardship, the Racon Natural Resources SPAC is on target for a $100 million capital raise with an IPO in the fourth quarter of 2020.