Richard McCallum’s Post

Blacklisted Chinese firms are resurrecting and rebranding as American firms to simply dodge the regulators. India also needs to be alert from these notorious firms; mainly for telecom equipment manufacturers. #India #IndianEconomy #Economy #Bharat

Dive into the dynamic narrative of #NewIndia's growth story and learn insights on the country’s strategic reforms for economic progress. Head over to this link and register now: https://lnkd.in/ex7twGQg #InvestInIndia #InvestIndia #Davos2024 #WEF #Davos #IndiaAtDavos2024 #WEF24 NITI Aayog Department for Promotion of Industry and Internal Trade Ministry of Commerce and Industry, Government of India World Economic Forum

Office of the Principal Scientific Adviser to the Government of India Should think about making a five fold increase in spending for R&D especially for the emerging technologies. Also central govt should push other state governments to create separate wings to augment investments in emerging technologies as government of Telangana is doing. Emerging Technologies Wing, Govt. of Telangana

'BSNL Is Making Over Rs 1,500 Crore Profit At EBITDA Level': Ashwini Vaishnaw At GBS 2024 At the ET NOW Global Business Summit 2024, Union Minister Ashwini Vaishnaw addressed the telecom sector, revealing that the government invested in Vodafone with the aim of fostering three players in the telecommunications industry. The minister focused on the sector and said "BSNL was in a very bad shape a decade back, almost on the verge of closer has revived #bsnl #telecommunication #govtofindia https://lnkd.in/d4Ffs8Mc

India is emerging as a significant hub for Global Capability Centres (GCCs), housing over 1,600 multinational operations, supported by initiatives like Digital India, favorable tax regulations, and flexible labor laws. This trend, contributing over 1% to India's GDP, started with Texas Instruments in 1985 and now spans various sectors, including banking, software, and healthcare, with tier-II towns gaining prominence due to cost benefits and enhanced infrastructure. This growth is underscored in the Economic Survey, highlighting the strategic role of policy reforms and infrastructure improvements in this sector's expansion. For more information, refer to the full article [here](https://lnkd.in/dvwBXYcy).

As India continues its journey towards #selfreliance, it is imperative to address the #regulatory hurdles and #supplychain issues, whilst focusing on #internationalcollaboration, #technology advancements and #R&D: Cdr Gautam Nanda, KPMG India at FICCI's Conference on #MilitaryAmmunition, New Delhi. #AMMOIndia2024 #defenceproduction #defencetech #defencesector

Nice summary by Ambassador (ret.) Atul Keshap in the Hindustan Times on how to further grow the U.S.-India partnership. Summarized ⬇️. 1. Simplify regulatory requirements and improve market access to expand bilateral trade to $500B benchmark. 2. Broaden scope of US-India digital partnership while enhancing protection of intellectual property rights. 3. Increase investments and partnerships around renewable energy. 4. Expand cooperation and co-development in defense tech and security relationship via iCET, INDUS-X, and continued collaboration between members of the Quad. 5. Reinforce confidence with global investment community to enhance FDI flows and reduce capital flow friction. https://lnkd.in/gvtZXAGJ

During the Australia India Business Council and ASSOCHAM (The Associated Chambers of Commerce and Industry of India) roundtable today, I talked about the intricate dynamics shaping the 'Business Environment in Australia and Collaborative Opportunities between Australia and India' From trade expansion initiatives like the Economic Cooperation and Trade Agreement (ECTA) and the Comprehensive Economic Cooperation Agreement (CECA) to sectoral opportunities in goods, services, infrastructure, and financial technology, we analysed the diverse avenues available for bilateral engagement. #AIBC #AustraliaIndia #collaborationforchange

Indian states need policy reforms to boost the growth of Global Capability Centers (GCCs). These reforms should focus on creating a conducive environment for innovation, improving ease of doing business, and enhancing infrastructure. By adopting such measures, states can attract more investments, helping GCCs to expand and thrive. This is essential for maintaining India's competitive edge as a preferred destination for global companies setting up or expanding their operations. #GCC #GBS https://lnkd.in/dPXVwxqk

Attending the conference on Annual Survey of Industries gave a very enriching experience. The insights shared by Dr. Bandana Sen, ISS, [Deputy Director General, NSO (FOD), Eastern Zone] were truly significant. The Annual Survey of Industries in India serves as a vital tool for evidence-based policy advocacy, offering comprehensive insights into industrial trends, employment, and production data. Policymakers can leverage this information to formulate strategic initiatives, fostering sustainable economic growth and informed decision-making for the future of India's industrial landscape. #PolicyAdvocacy #ASIImpact #ASIIndia