Courtesy: Gateway House
On 16 March 2022, Foreign Secretary, Harsh Vardhan Shringla, delivered the keynote address at the first roundtable of the India-France Track 1.5 Dialogue, co-hosted by Gateway House and Ifri. He traced the achievements of the bilateral, particularly in the areas of digital cooperation and energy transitions. He highlighted the "infinite possibilities" for the India-France partnership given their unique positions in the Indo-Pacific.
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India and France have been actively working together to solve various sustainability issues from renewable energy generation to the blue economy and biodiversity conservation. There is so much more to do bilaterally with climate finance and urban sustainability, and multilaterally with the G20. All the ingredients are in place for a robust climate partnership.
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The Anglo-French commercial treaty of 1860 opened trade between France and Bombay, and brought two iconic French companies – a shipping line and the city’s first European bank. Bombay’s affluent residents were already familiar with French fashion, luxury goods, wines and liqueurs.
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India and France have common interests bilaterally and multilaterally, and these are increasingly forging together. India must now step up its commitments to trade, technology and defence, all areas where France has an expertise and can make a greater contribution as India’s old allies like Russia become vulnerable.
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Three hundred years ago, the Anglo-French rivalry in Europe spilled over to India, and threatened the dissolution of the powerful Bombay Presidency. Three centuries later, India and France are in a different place, with economic ties blossoming and the bilateral upgrading in 1998 into a strategic relationship. The speed with which this has scaled up reflects the deep familiarity between the two nations rooted in colonial history.
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Financial intermediaries are critical lubricants for business, growth and development. The Indo-Pacific countries are industrializing, but smaller nations lag behind economically. The Quad countries can aid the advancement of the financial architecture in the Indo-Pacific by helping to develop an ecosystem, modelled on the examples of Japan and India.
Courtesy: Gateway House
The Quad Foreign Ministers' meeting held on February 11 is the latest example of growing geopolitical cooperation. Several loci of power have emerged, indicating the end of the post-Cold War western hegemony. China's rise and alliance with Russia hints at a bipolar tendency in this nascent global multipolarity. India must ensure power distribution in Asia by sharpening its diplomacy to achieve its own interest - true multipolarity in Asia.
Courtesy: Gateway House
On 1 February 2022, Gateway House and the U.S. Embassy, New Delhi, co-hosted a panel discussion on India in the Indo-Pacific: Pursuing Prosperity and Security. The panelists explored the comprehensive role that India can play in the Indo-Pacific from the perspective of business, think tanks, academia and diplomacy.
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Renewable energy is trendy, but still unreliable at this early stage. Countries will find it necessary to fall back on traditional energy sources like coal and oil for their needs, and this can lead to energy price spikes. To protect itself from this scenario, now is the time for energy-dependent India to set up a wealth fund that invests in listed oil companies around the world, to reduce the risk of energy insecurity.
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India has seen a recent influx of refugees from Afghanistan and Myanmar. This has highlighted the absence of a concrete refugee policy in India. India must formalise its approach towards refugees. The Citizen Amendment Act of 2019, is a start. India can move this forward by learning from the examples of other democracies like the U.S., Kenya and South Korea, on how to balance international law with its national security interests.