उपराज्यपाल, दिल्ली

• Shri Kashmiri Lal Ji & Shri Satish Ji,

• Dignitaries on the dais,

• Distinguished members of Bharat Global Industries Forum and media,

   

Namaskar,

It is a pleasure to join this discussion, on “Emerging Opportunities for Bharat in the Evolving Global Geopolitical Landscape.” I compliment the BGIF, for bringing together stakeholders, to engage on an issue, that is both timely, and consequential.

We are currently witnessing, a phase of significant transition, in the global order. The assumptions that shaped economic and strategic engagement, over the past few decades, are being reassessed. Supply chains are being reconfigured, technological ecosystems are becoming, more segmented, and geopolitical considerations, are increasingly influencing, economic decisions.

In this evolving context, the relationship between geopolitics and industry, has become more direct. Economic choices are no longer, insulated from strategic considerations. Trade, technology, energy, and investment flows, are being shaped by questions of resilience, security, and long-term alignment.

For Bharat in a broader civilisational sense, this changing landscape, presents both challenges, and opportunities.

India’s approach to global engagement, has been characterised, by a degree of flexibility, that is often described as multi-alignment. This approach allows India, to engage with multiple partners, across different domains, based on converging interests, while maintaining strategic autonomy.

This is particularly relevant, in a world, that is becoming more transactional, in nature, where partnerships are often shaped, by specific outcomes, rather than, broad ideological alignment.

Within this framework, India has sought to advance its national interests, while contributing to global stability, and growth. This includes strengthening partnerships, across regions, participating in pluri-lateral groupings, and expanding engagement with the Global South.

From an economic perspective, several structural shifts, are creating new opportunities, for Indian industry.

First, the reconfi-guration of global supply chains, has opened space, for diversification. There is increasing interest, in developing alternative, manufacturing and sourcing hubs, and India is well-positioned, to play a role, in this process.

Second, the digital economy, is emerging as a major driver, of growth. India’s progress in digital infrastructure, including platforms for payments, identity, and service delivery, provides a foundation, for             in-novation and scale.

Third, sectors such as, renewable energy, semiconductors, advanced manufacturing, and critical technologies, are gaining strategic importance. These are areas where policy support, private sector investment, and international collaboration, can converge.

At the same time, it is important to recognise, that opportunities do not, automatically translate into outcomes. They require enabling frameworks, institutional capacity, and sustained engagement. 

Therefore industry platforms such as BGIF, play an important role. They act as a bridge, between policy and practice, facilitating dialogue, identifying constraints, and enabling collaboration.

They also contribute to shaping India’s external economic engagement, by connecting domestic industry, with global partners.

Another important dimension, is the role of Indian industry, in projecting India’s capabilities globally. As Indian companies, expand their presence across markets, they contribute, not only to economic growth, but also to building confidence, in India as, a reliable partner.

From a policy perspective, the focus has increasingly been, on improving ease of doing business, strengthening infrastructure, and creating a conducive environment, for investment and innovation.

Initiatives aimed at manufacturing, digitalisation, and infrastructure development, are part of this broader effort, to enhance India’s competitiveness.

At the same time, engagement with global partners, remains critical. Collaboration in areas, such as technology, research, and supply chains, can help accelerate growth, and build resilience.

For industry leaders, this is a period, that requires both adaptability, and strategic clarity. The external environment is dynamic, and decision-making, must take into account, both immediate opportunities, and long-term trends.

I commend BGIF, for initiating this dialogue, and bringing together stakeholders, to reflect on these issues.

I am confident, that discussions such as these, will contribute to a deeper understanding, of the opportunities ahead, and support India’s continued economic, and strategic engagement, with the world.

Thank you.

JAI HIND.