Asia St: Modi Reinforces India’s Commitments at G-20 and COP26 Summits

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Modi Reinforces India’s Commitments at G-20 and COP26 Summits

November 16, 2021

Indian Prime Minister Narendra Modi, seen here with his British counterpart Boris Johnson (Photo Credit: PMO India).

The BGA India Team, led by Managing Director Ratan Shrivastava, wrote an update to clients on the India’s engagements at the Group of Twenty (G-20) major economies summit and the 2021 United Nations Climate Change Conference (COP26). The update examined the context for the development, its significance as well as the potential opportunities for businesses.

Context

Indian Prime Minister Narendra Modi attended the G-20 and COP26 summits in Italy and the United Kingdom respectively.

Apart from the summits themselves, Modi also had a number of important meetings with counterparts. These included sideline meetings at the G-20 with the United States, Germany, France, Indonesia, Singapore and Spain.

 Significance

Modi reinforced India’s role as a key partner in post-pandemic recovery. At the G-20, Modi labeled the summit a success and highlighted India’s contribution to the fight against Covid-19 and encouraged G-20 countries to make India a partner in their economic recovery and supply chain diversification.

India played an important, and, in some cases, underappreciated role in the climate change outcomes emerging out of COP26. For instance, beyond announcing a new target for net zero emissions by 2070, India also played a key role in outcomes on solar, with Modi proposing a global solar grid connecting countries around the world and getting the United States to join the International Solar Alliance (ISA).

Implications

Both summits positioned India as a key partner for countries to achieve both economic and climate change success. New Delhi was able to cement its position as an indispensable player to the management of regional and global challenges.

The summits also highlighted opportunities that can emerge for private sector investments. These include sectoral areas such as information technology, pharmaceutical supply chains, renewable energy and clean technology.

BGA will continue to keep you updated on developments in India as they occur. If you have any questions or comments, please contact BGA India Managing Director Ratan Shrivastava at ratan@bowergroupasia.com.