External Affairs Minister Jaishankar Holds Talks with CEOs and Business Leaders in Australia
Punjab News
Participates in discussion with foreign affairs and strategy experts at Lowy Institute in Sydney.
During discussions with foreign affairs and strategy experts at the Lowy Institute in Sydney, External Affairs Minister S. Jaishankar highlighted the shift toward a more interconnected global workforce. He noted that this trend is prompting many nations, including the United States, to rethink policies on immigration and mobility.
Jaishankar emphasized that corporations will play a crucial role in shaping the movement of talent, stating that businesses will ultimately determine whether they bring talent to them or take their operations to where skilled workers are located. This point was underscored during his meeting with CEOs and business leaders in Australia, where he focused on the importance of talent and skill mobility.
“Even as there is a re-globalisation, or reworking of the current architecture, apart from the technological changes, I think, the demographic unevenness of the world is beginning to bite us,” Jaishankar, who is on a five-day official visit to Australia, said.
He also addressed India’s priorities, specifically how to build, manage, and maximize the potential of a global workforce.“And now the global workplace doesn’t mean that the talent alone has to move. Businesses can move as well.”
The Minister affirmed that India has already observed this trend unfolding over the past few years. “At the last count, we have about 1,800 global capability centres in India, which, between them, generate about USD 150 billion worth of experts.”
External Affairs Minister S. Jaishankar noted on Thursday that the world is shifting toward a more interconnected global workforce, pushing many nations, including the United States, to reconsider their approaches to immigration and mobility.
Jaishankar emphasized that corporations will ultimately determine the movement of talent, deciding whether they bring skilled professionals to their operations or relocate their business to where talent is found. This perspective on the mobility of skills and talent was a focal point in his discussions with CEOs and business leaders in Australia.
“Even as there is a re-globalisation, or reworking of the current architecture, apart from the technological changes, I think, the demographic unevenness of the world is beginning to bite us,” Jaishankar, who is on a five-day official visit to Australia, said.
He also spoke about priorities for India — how do you create and manage and optimise a global workplace? “And now the global workplace doesn’t mean that the talent alone has to move. Businesses can move as well.”
Asserting that India has already seen that happening in the last few years, the Minister said, “At the last count, we have about 1,800 global capability centres in India, which, between them, generate about USD 150 billion worth of experts.”
India sees this trend as intensifying, because the more technology driven, more digital era is going to require a certain concentration and access to skills and talent, he pointed out. “So, whether the talent goes to the business or the business goes to the talent, that’s a decision which Corporates will be making.”
Reflecting on the potential outcomes following Republican Donald Trump’s victory in the U.S. presidential election on Wednesday, Jaishankar noted that this development would, in a sense, bring about new possibilities, “more geopolitical hedging that what will inevitably happen as a consequence of policies which we can safely predict — many more of us would be seeking more relationships to keep life steady.”
He remarked that the U.S. election outcome would likely speed up the ongoing realignment of supply chains already underway in India.
Addressing the CEOs, he encouraged them to“prepare for this different world, a world of AI, a world of EV, a world of really greener services and greener products,” and invited them to India for a first-hand experience.
Speaking about Australia, the minister said, “We think of it increasingly as purposed for accelerating this growth and development that I’m speaking about in foreign policy. Our objective is today to promote greater investments, to seek technology, joint ventures, best practices.”
“Underlined ongoing transformations in India in digital, infrastructure, manufacturing and skilling. Highlighted natural complementarities between India and Australia to support each other’s growth,” Jaishankar posted on X after the event.
Later, Jaishankar also met members of the diaspora, MPs and friends of India at New South Wales Parliament in Sydney.
“Thanked the Indian community for their active contribution in energising India-Australia partnership,” Jaishankar said.
He also took part in a discussion with experts in foreign affairs and strategy at the Lowy Institute, an independent think tank based in Sydney.
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