Thursday, 31 August 2023

Osmani discusses Athens-New Delhi-Skopje Strategic Trilateral Formation

 

Osmani discusses Athens-New Delhi-Skopje Strategic Trilateral Formation

Osmani Jaishankar

The Foreign Minister of North Macedonia, Bujar Osmani, hailed his inaugural visit to India as a "new chapter in political and economic cooperation" between the two nations and even suggested a trilateral format with Greece.

Osmani expressed a ‘keen’ desire for increased Indian economic engagement in the region, highlighting the mutually beneficial complementarity of their economies, reported Republic World.

His statements were made during an interaction with the media following the conclusion of the 44th Sapru House Lecture, where he discussed the policy of Skopje and its presidency of the Organization for Security and Co-operation in Europe (OSCE).

Speaking about the significance of his visit, Osmani stated, "My first visit to India marks a new chapter in political and economic cooperation." He also congratulated India for successfully landing its Chandrayaan-3 moon mission, calling it a "technological masterpiece."

When questioned about India's strategic partnership with Skopje, Osmani intriguingly asked, "If India and Greece have already established a strategic partnership and we and Greece have signed an agreement of strategic partnership a few years ago, does that mathematically mean that we and India are strategic partners as well?"

He discussed this potential with his Greek counterpart and officials in New Delhi.

Osmani emphasised the importance of India as an integral partner, with bilateral relations further solidified by the opening of an embassy in New Delhi. Stressing the depth of the alliance, he detailed aspirations for the future and the creation of mechanisms and platforms to facilitate greater economic cooperation.

"There is a huge untapped potential of economic relations between India and North Macedonia," he affirmed.

During his visit, Osmani engaged with Indian officials, including External Affairs Minister S Jaishankar and Vice President Jagdeep Dhankhar.

In his meeting with the Vice President, they discussed the bilateral relations between the two countries, emphasising how to enhance ties further. Osmani's three-day official visit also included plans to visit Kolkata and pay tribute to Skopje-born Saint Teresa's life and mission at the Memorial House.

The North Macedonian Minister’s visit might lead to fostering opportunities for joint projects and initiatives in various sectors, as Osmani implied.

"We discussed today with the minister of foreign affairs how we can create those mechanisms and platforms to bring businesses together, to bring people together, and to unleash that economic potential between our two nations," he said.

READ MORE: Adani's interest in Greek ports, Indian tourism, and labour policy - What did Mitsotakis and Modi discuss?

Wednesday, 30 August 2023

Is India's Tata coming to Greece?

 

Is India's Tata coming to Greece?

india Tata Punch

The visit of Prime Minister Narendra Modi and his country's decision to officially make Greece the central transit hub of India to Europe opens the doors for Tata, which wants to enter Europe.

Tata Motors, the owner of the former British Jaguar Land Rover and a significant shareholder of the British Aston Martin, is an Indian multinational group of companies headquartered in Mumbai.

Founded in 1868, it is South Asia's largest conglomerate, with products and services in more than 150 countries and operations in 100 countries on six continents. In 2022, Tata Group's annual revenue reached $128 billion while employing 935,000 people.

Tata Punch

Many countries have entered the European map to construct the production unit, with sources also mentioning Greece.

At the same time, according to what the BBC reports, the top executives of Tata Motors are in talks with the UK government and the British Prime Minister of Indian origin, Rishi Sunak. As mentioned in the publication, the two parties are very close to agreeing on the terms and signing the final text.

Details of the new battery factory for all-electric models have yet to be released, but 9,000 new jobs are expected to be created there.

To attract the investment, the British government offered Tata an incentive package worth hundreds of millions of pounds.

This development comes after the recent announcement by the Stellantis Group that it may have to close the UK Vauxhall factory if the government does not renegotiate the controversial Brexit deal.

As a representative of the Group stated, if some of its terms are not reviewed, the cost of manufacturing its pure electric vehicles there "becomes uncompetitive and unsustainable, operations will close."

READ MORE: Adani's interest in Greek ports, Indian tourism, and labour policy - What did Mitsotakis and Modi discuss?

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