Global Statistics

All countries
704,753,890
Confirmed
Updated on May 20, 2024 1:53 am
All countries
560,567,666
Recovered
Updated on May 20, 2024 1:53 am
All countries
7,010,681
Deaths
Updated on May 20, 2024 1:53 am

Global Statistics

All countries
704,753,890
Confirmed
Updated on May 20, 2024 1:53 am
All countries
560,567,666
Recovered
Updated on May 20, 2024 1:53 am
All countries
7,010,681
Deaths
Updated on May 20, 2024 1:53 am
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India a crucial player in global geopolitics as nations seek resilient supply chains, say experts

India’s role in global geopolitics has become increasingly pivotal, with nations prioritizing resilient supply chains. The global shift towards more reliable and diversified supply networks, combined with India’s growing reputation as a crucial partner, has significantly elevated the country’s standing on the world stage.

In an exclusive interview with CNBC-TV18 on October 17, Arun Kumar, Managing Partner of Celesta Capital, emphasized the strengthening bond between the US and India. He highlighted the ‘Initiative on Critical and Emerging Technology’ as a cornerstone of this relationship, underscoring India’s abundant talent pool that stands to benefit both nations.

Resilient supply chains have become a fundamental aspect of the current geopolitical landscape. Arun Kumar stressed the urgent need to diversify supply chains, emphasizing India’s natural role as a partner in this effort. Celesta Capital, a prominent investment firm, is dedicated to enhancing India’s manufacturing sector, particularly in deep and advanced manufacturing. Their recent investments in Agnikul and IdeaForge highlight their commitment to India’s growth as a manufacturing hub.

Additionally, global logistics giant FedEx has recognized India’s emergence as a central player in the new global order. Kami Viswanathan, President – Middle East, Indian Subcontinent, and Africa (MEISA) Operations at FedEx, pointed out the rise of e-commerce as a significant driver for cross-border trade. She noted the increasing demand from small- and medium-sized businesses aiming to access global markets and stressed the importance of a conducive regulatory environment to facilitate their expansion through e-commerce.

Viswanathan commended India’s progressive actions, such as Gati Shakti and the National Logistics Policy (NLP), but called for further acceleration in these initiatives. She urged for streamlined express exports by removing value restrictions and implementing a single-window clearance system. Addressing congestion at airports for cargo operations and transshipment regulations, she emphasized the need for prompt resolution, highlighting India’s significance not only as a destination but also as a regional hub in the global logistics chain.

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