A day after the foreign ministers of Russia, India and China (RIC) met to forge a partnership, experts gathered here at the Global Partnership Summit (GPS) deliberated on another tri-lateral bond between India, Japan and United States (IJU) to bring some equilibrium to the world order.
The general consensus was that such a move would help assert India's interests and its position in the region, and that it was also necessary to bring in private players to inject an economic element to the relationship.
Vibhav Kant Upadhyay, founder chairman of GPS, said while there has been a robust partnership between India and the US and also between the US and Japan, the challenge was to forge a bond between India and Japan. He called for an alternative model of partnership that is based on empowerment rather than exploitation.
"Systems build over past 200 years are crumbling. The trilateral is not against any country. We want to change the development models. We are striving to bring an empowerment-based model of development, where all participants are stakeholders. China has offered a development model, but it is based on exploitation model," he said.
Zul Kapadia, director of intelligence and integration, said the the IJU trilateral was necessary to set up a rule-based international order that takes into account interests of all countries and humanity. He said this was possible only by involving business leaders as they are ones who give depth to the relationship.
However, Yumiko Kusakabe, programme director at the innovation leadership programme IFIT, said there was a different work attitude and an environment in India and Japan. She said the cost of capital was an issue in India due to perceived risks in the market, adding that Japan could help address this issue by sharing values. Diana Villareal, co-founder of Global Partnership Foundation (GPF) called on the three nations to work out a plan for data-based agriculture to address food security challenges in India.
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