EU needs natural resources in free market competition, says Leterme
The first stage of EU-India cooperation is to collaborate and connect to promote good incentives and learn about each other, according to E. Yves Leterme, former Prime Minister of Belgium.
“The connectivity partnership has decided to boost the collective efforts between the EU and India with transport as the number one priority – with some added value to invest in infrastructural links for transporting energy goods and water,” he said at an International Conclave focusing on ‘India-EU as Strategic Partners for the Future of Higher Education’.
The second priority is setting up an ecosystem for energy consumption, he underlined.
“We need a lot of innovation and investment to use the resources efficiently. The third is the digital domain. We must join forces in the digital world because the EU needs natural resources in free market competition,” Leterme continued.
“EU and India cooperation can promote Indian unicorns and build more competition in the digital world using cutting-edge technology. The fourth domain is person-to-person cooperation, which is the importance of education exchange and tourism.
“We are demanding well-educated, skilled people from good management schools in India. India and the EU should deepen their cooperation in geopolitical terms as well.
“Together, we need to resolve issues. We must resume free trade, investment protection, and agreement on geopolitical issues.”
He also noted that the new rising power India is a democracy that protects its values while addressing the global challenges and well-balanced multinational institutions and Sustainable Development Goals agenda and Woxsen is forging a generation of future that holds these principles.
V. Prasad, Co-Chairman & MD, Dr. Reddy’s Labs & Honorary Consul General of Belgium, emphasized, “What makes a country powerful is military strength, education, economic output, and cost competitiveness.”
“However, the foundation of a solid educational and research system is still something in which we must invest. Our founding fathers institutionalized good technical institutes and universities.”
But beyond the public universities, it was not easy for the private sector to set up institutes like this and recreate the history of India with world-class facilities at low fee structure and cost-effectiveness, says Prasad.
Research is the other thing, he underscored. “We must also ensure that we fund research in Indian institutions. Nurtured innovation, entrepreneurship, and research are the key driving forces to meet India’s grand ambition. We need hundreds of universities like this.
“We need cutting-edge research and discipline to move the country forward into the nation’s development. I could see Woxsen bringing all of these and more to life at the University.”
The primary objective of the International Conclave held at Woxsen University in Hyderabad was to establish a dynamic platform to foster open and constructive dialogue among key stakeholders from the realms of diplomacy, higher education, and business.
By bringing together thought leaders, policymakers, and industry representatives, the conclave aimed to strengthen EU-India ties, catalyze collaborations, and drive positive changes in the landscape of higher education.
Speaking about how Woxsen students are gearing up for global roles in digital sectors, Vishal Khurma, CEO, Woxsen University, said the world is transforming faster with new innovations & technologies coming into place.
“At Woxsen, we offer students, avenues for industry exposure and practical learning through high-tech labs and deep lea. This prepares them to be effective and diligent in their roles as they enter the corporate world,” he said at the conclave held 9 Jan 2024. Fiinews.com
