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For years, Western countries have used sanctions as a means of economic warfare against their adversaries. Now, China and Russia are utilising the same tactic against the West. The United Nations Security Council is paralysed by differences between the five permanent members, leaving the tools of unilateral sanctions and counter-sanctions to proliferate at the cost of UN-approved multilateral sanctions.
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Gateway House and the Embassy of Italy in New Delhi co-hosted the India-Italy Round Table on Energy Transitions. Indian and Italian companies involved across in the energy ecosystem came together to discuss potential collaborations. India is energy dependent and Italy has an innovative energy industry. The two countries can partner on new technologies, trade, financing mechanisms and to update regulations for a new energy era.
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India’s oil consumption and imports are likely to resume their upward trajectory as the economy opens up, after a temporary drop due to the pandemic. To secure its energy needs, the country should shift course from investing in oil and gas assets of emerging economies to those of developed nations. The oil-rich Organisation for Economic Co-operation and Development (OECD) countries, such as Canada, Norway, and the U.S. can be given special consideration.
Courtesy: www.mmindia.co.in
India’s space reforms have the potential to boost India-Taiwan space relations beyond the pure scientific domain. The two countries have the potential for collaboration between space start-ups, joint ventures, investments, and technology and infrastructure-sharing. This article highlights the scope for India to establish Track 1.5 and Track 2 space diplomacy with Taiwan.
Courtesy: www.mapsofindia.com
Africa is a foreign policy priority for India, but evidence shows a recent decline in bilateral trade and investment. There is already a "third scramble" for geopolitical influence in Africa. Now is the time for India to make new commitments in the continent: developing and deepening links in health, space and digital technologies.
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India and Taiwan face a common cyber threat from China – an extension of their respective territorial disputes with Beijing. This makes it essential for New Delhi and Taipei to initiate informal cybersecurity cooperation. They can begin by focusing on cyberattack attribution, critical infrastructure protection and cyber hygiene.
Courtesy: PTI
Incidents such as the recent ONGC barge disaster underline the absence of effective class action suits in India. Tougher action on neglect and liability is vital to assure safety, prevention measures and minimise incidents of negligence. How can India move in the direction of accountability to make it a better abode for employment and business?
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ClairViz offers products and services that help manufacturing companies digitally transform their factory floor. It uses its project engineering, design, electrical, automation and software skills to transform them into modern, data-driven facilities. This start-up smartly benefits from government programmes: housed in a state-supported incubator, clients are public sector enterprises mandated to use small and medium entrepreneurs in their supply chains.
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Schneider Electric’s domain expertise in hardware and software has helped it create a proprietary and comprehensive suite of Industry 4.0 solutions. The company is now deploying these in all of its eight manufacturing facilities spread across India with favourable results: 30% reduction in energy costs, 10% improvement in mean time to repair and 5% improvement in logistics. Schneider intends to make these Lighthouse network facilities, thereby setting the standard for other manufacturing MNCs in India.
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The idea of a U.S.-India-Israel trilateral cooperation is not unknown, but rather unfulfilled. Diaspora associations have repeatedly raised the idea of a technology triangle amongst the three countries, and in 2020, the three countries explored a potential cooperation in 5G communication technology. On these terms, taking advantage of the bilateral synergies and establishing a start-up corridor between Tel Aviv, Silicon Valley, and Bengaluru, can launch this partnership.