View: Can growing anti-China sentiments favour Indian overseas direct investment?
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Last Updated: Feb 14, 2021, 10:11 AM IST
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Synopsis
The COVID pandemic has shown a unique growth-opportunity for Indian investors, which requires a dynamic policy backup to create an “enabling environment” for higher investment flows.
During the Pandemic, India Inc’s outward foreign direct investment (OFDI) dropped to US$ 13.5 billion in the last eight months (May 2020– December 2020) of 2020–21 against US$ 21.2 billion for the corresponding period in 2019–20.
The COVID pandemic has upsurged anti-China sentiments worldwide. Despite China’s robust foothold in Factory-Asia s manufacturing supply chain, many countries are now thinking of developing an alternative supply chain base outside of China.
North West Leicestershire MP Andrew Bridgen said: “The Sefcovic letter shows that the EU’s professed concern for Northern Ireland during the negotiations of the future relationship was a complete fraud.”
Meanwhile, writing for the Sunday Express, Ms Truss has said that the India/UK trade deal will build on the £23 billion a year already traded between the two.
She said: “There are few markets around the world that offer greater potential than India. This huge market of 1.4 billion people is already emerging as the world’s fastest-growing major economy and is expected to become the second biggest in the world by 2050, making it a crucial long-term trading partner.”
He delivers keynote address at a virtual meeting on entrepreneurial ecosystem
Chairman of Manipal Global Education Services Pvt. Ltd. T.V. Mohandas Pai has said that developing a culture of entrepreneurship is the need of the hour.
He was delivering the keynote address at the virtual meet on “Promoting entrepreneurial ecosystem in Coastal Karnataka” on Friday.
Mr. Pai said that youngsters these days have a lot of potential and they must be encouraged to take up innovation and entrepreneurship. The youngsters can be inspired by organising a series of interactive sessions with successful founders of great companies.
He said that universities of the region must play a lead role in strengthening the entrepreneurial ecosystem by involving industry and all relevant stakeholders. Therefore, a common platform in the form of a consortium of universities and other stakeholders need to be developed.
India Business News: MANIPAL/MANGALURU: Developing a culture of entrepreneurship is the need of the hour, said T V Mohandas Pai, chairman, Manipal Global Education Service.
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