The fact that the developed world must bear the burden of tackling global warming seems set to be the broad framework of India’s climate change strategy.
Indian companies are collectively the third largest foreign investor in the UK and the largest employer in its manufacturing sector. Then, Indian IT companies employ about 100,000 US citizens in that country. No wonder countries across the world are inviting Indian companies to invest in them and are laying out the red carpet for them.
Indians have seen senior government functionaries from the Prime Minister downwards hard selling India as a an ideal destination for FDI from the West, China, Japan, South Korea and the ASEAN. But even as the PM and his council of ministers woo foreign investments, the developed countries of the West as well as many others are actively courting the movers and shakers of India Inc to invest in their countries.
Brussels will have to walk the extra mile to improve relations with India but it is in the strategic interest of both to do so argues India Inc. Consulting Editor Arnab Mitra.