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GPS-2017: Global leaders from India-Japan-US discuss several developmental models
In order to consolidate trilateral ties between India, Japan and US and build an effective socio-economic framework by bringing these countries on a common platform, the 'Global Partnership Summit (GPS) 2017', an initiative by the India Center Foundation (ICF) organised a session at the Aero City, New Delhi on December 12, 2017.

While opening the discussion on the second day of the GPS 2017, Vibhav Kant Upadhyay, founder-chairman GPS, who also heads the ICF, said, “India for me is a country which is a socio-economic lab because it forms 1/6th of the world economy. Any system that works here will work anywhere else. One must understand that in India, old systems must give way to new ones. For example, RERA in real estate business displaced all other business models. Though legislatures tried to change it over the years, many still exists. The need is to change that.”

The partnership between US, Japan and India will bring about equitable, sustainable and inclusive development model for all the three countries.

Speaking at the panel discussion, Yumiko Kusakabe, Program Director, Innovation Leaders Programme at IFIT said, “The U.S., Japan and India collaboration can bring forth a sustainable roadmap for the future. I am committed to the relationship between US, Japan and India as I have been closely working with India for a few years. I feel optimistic about this relationship. Not just business model, multi-lateral trade etc will also foster increased partnerships. New models of collaboration are required, not just in terms of Government alliance, but also in terms of business models. Due to technological innovations, new forms of businesses and infrastructure will evolve.”

In Japan, companies take more time to grow on a global scale according to business experts. Therefore, it becomes important for Japanese entrepreneurs to collaborate with Indian and American entrepreneurs. Similarly, Indian companies need to collaborate with Japan to understand the issues that affect Japan like ageing society issues.

Japanese companies should in turn come to India to understand the issues here and hence, soft networking plays a key role in this process.

Zul Kapadia, Director at Global Intelligence and Integration said, “We need to think about the future in sustainable ways. We all have roles to play in this level playing field and all these countries like US, Japan and India offers a level playing field. We should think about how to empower people and use empowerment as a tool to grow businesses and industries. Business leaders can promote and expand inter-country relationships. Business leaders add depth and complexity in relationships. They create value and they are equipped to tell the Government what is required.”

Talking about emerging industries in India, Kapadia further added, “Renewable Energy and Solar in particular has seen phenomenal growth in India. Partnerships are happening in the sector. India is a rich market for development but at the same time, finance and cost of capital is lacking in India. The same solar plant may cost less in the US, but more in India, irrespective of other differences that may exist. That is why inter country partnerships are essential.”

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