Foreign Minister S Jaishankar said on Sunday that there is a trend towards a more diverse, multipolar world at the moment but the era of old, industrial economies is not over. These still remain the main targets of investment. Speaking at the silver jubilee ceremony of the scholarship scheme offered by the Aditya Birla Group here, Jaishankar said that after the return of Donald Trump as President, many countries are a little nervous about America, but India is not one of them. Asked about global power dynamics, he said, “Yes, there has been a change. We ourselves are an example of this change.
India’s ranking improved in every sector
If you look at our economic weight, you look at our economic ranking, you look at the Indian corporate world, their reach, their presence, Indian professionals. There is no doubt that rebalancing has taken place.” He also said that it was inevitable that this would happen. He said, “After the colonial period, countries got independence and they started choosing their own policies. Then it was certain that he would move ahead. Some of these grew faster, some grew slower, some grew better, and there came the quality of governance and the quality of leadership.” The External Affairs Minister said in his address, “There is a trend towards a more diverse, multipolar world. But, there is also a period when countries really move forward. I mean, it’s the same as what happened in the corporate world as well.” Along with this, Jaishankar emphasized that industrialized economies in the West cannot be ignored and they remain prime investment targets.
Modi created rapport with many presidents
“The old, Western economies, the old industrial economies are not gone. They still matter and they are prime investment targets. They are big markets, strong technology centres, centers of innovation,” he said. On India-US relations and Trump’s victory, the External Affairs Minister said, “Prime Minister Narendra Modi was probably among the first three people to whom President-elect Trump spoke.” He said that India and Prime Minister Modi have built rapport with many presidents. He said, “Today many countries are nervous about America, but we are not among them.”
Aditya Birla Group will increase investment in America
Aditya Birla Group Chairman Kumar Mangalam Birla said on Sunday that his group wants to increase its investments in America after Donald Trump is re-elected as President because Trump has had a positive attitude towards India in the past. Birla said at the silver jubilee ceremony of the scholarship given by his group here, “We are eager to invest more in America. Looking at Trump’s past record, he has a positive attitude towards India. Apart from this, Prime Minister Narendra Modi’s They also have good relations with each other.” Aditya Birla Group represents a strong challenger in the metals and chemicals sector in the US through its businesses – Novelis and Aditya Birla Chemicals. In June this year, the group had announced an investment of $50 million in a manufacturing and research and development center in Texas. On the prospects of Trump’s second term, he said, “It is too early to comment on it. If we look at the past experience with Trump, he was very positive. He is pro-industry.”
