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The evolving geopolitical landscape, India’s green transition, and the role of industrial policy in shaping resilient global supply chains were key focal points at the international conference “Navigating the Future: Industrial Policy and Global Competitiveness” organized by the Centre for Trade and Investment Law (CTIL). Held at NALSAR University of Law, Hyderabad, the conference brought together global trade experts, policymakers, and scholars to deliberate on sustainable industrial growth, energy transition, and the integration of production-linked incentives (PLI) in fostering green innovation. A significant highlight was the discussion on ensuring WTO-compliant industrial policies that do not compromise the principles of the rules-based international trading system. Experts underscored the importance of green industrial policies to drive innovation and technological advancements while addressing climate challenges. Key Takeaways from the Conference ?? Energy Transition & India’s Role in Critical Raw Materials Shri Dammu Ravi, Secretary (Economic Relations), Ministry of External Affairs, emphasized India’s potential as a leader in the global critical raw material supply chains, advocating for value creation within the country, job generation, and sustainable industrial practices. ?? Sustainable Manufacturing & Global Trade Policies Shri Montek Singh Ahluwalia, Former Deputy Chairman of the Planning Commission, noted the global shift from free trade to protectionism due to China’s economic rise and evolving U.S. policies. He stressed the need for cost-effective, transparent interventions in critical sectors, particularly under PLI schemes, while aligning with WTO regulations. ?? Launch of ‘Investment Law Compass’ Newsletter CTIL introduced its monthly investment law newsletter, Investment Law Compass, aimed at providing insights into global investment frameworks and sustainability-driven trade policies. The conference, co-hosted by NALSAR University of Law, World Trade Institute (University of Bern), and the WTO India Chairs Programme, featured notable speakers such as Dr. Werner Zdouc, Dr. Pritam Banerjee, Prof. Henry Gao, and Dr. Alicia Gracia. At the valedictory session, Professor James J. Nedumpara, Head of CTIL, lauded the international collaboration in shaping a resilient and sustainable industrial policy for the future. |
