The India-US bilateral trade in goods and services reportedly increased from US$126 billion in 2017 to US$142 billion in 2018. The US was India’s second-largest export market with 16% share and India’s third-largest import supplier with 6.3% share in 2018. In 2017, US FDI into India stood at US$44.46 billion while Indian FDI into the US was US$13.12 billion. A Confederation of Indian Industry (CII) survey in November 2017 found that 100 Indian companies had invested US$17.9 billion in the US, creating 113,000 jobs across its 50 states. Investment by top Indian firms including Wipro, Infosys, L&T and Mahindra, in the US has increased over the years. The Indian-American community is counted as the third largest Asian ethnic group in the US and wields considerable influence on American society and polity with its large number of professionals, business entrepreneurs and educationists. Additionally, there is a sizeable number of Indians residing in the US as Green Card-holders, temporary workers and students among others.
These statistics tell the tale of how India-US bilateral ties have deepened and diversified over the past few years, helped along the way by greater economic engagement, people-to-people contacts and shared views on a number of issues such as international terrorism and a free and open Indo-Pacific region to name a few. Today, despite the occasional hiccups, the two countries view each other as strategic partners in advancing common interests globally and regionally.
However, the strengthening of India-US trade and diplomatic ties has brought its own share of business and legal concerns. Not only has the number of trade disputes between the two countries risen, newer forms of disputes have emerged that put the spotlight on regulatory mechanisms, distortions arising out of government control, and the implications for cross-border commerce. In the present scenario, investors from both sides need to be able to deploy a range of legal, policy and government relations’ tools to best protect their business interests. Companies not only need to fully evaluate their legal rights under bilateral investment treaties, free trade agreements, domestic laws and regulations and the like but also need to leverage them with governments to achieve the negotiated resolution of their disputes. Only then will they be able to avoid the time and expense of pursuing international litigation or arbitration while continuing to do business in the country concerned.
The 8th Edition of the Legal Era Conclave (2020) to be held on June 10 and 11 this year at Washington D.C., USA, comes at a critical juncture in India-US relations and has 10 interactive panels based on various dimensions of the theme, “Cross-Border Laws: Business Opportunities, Challenges Faced and Future Trends”.
The two days will see discussions on key areas such as the sanctity of contracts, trade and the law, tax law and cross-border, data transfers, cyber security, trade secrets, block chain, offshore corporations, assets’ recovery, white-collar crimes, cross-border M&A, arbitration, litigation funding and chief legal officers enabling multiple roles and lessons from the past and for the future.
Once again, Legal Era will represent the legal fraternity in India, the US and across the globe and facilitate dialogue on pressing issues while serving as a bridge between policymakers and the industry at large. Like its precursors, informative sessions, distinguished speakers, throngs of delegates and global participation will be the hallmarks of this edition of the Legal Era Conclave as well.
The Conclave will enable direct contact with key decision makers and up visibility and exposure to national and global industry leaders apart from providing unparalleled opportunities to share knowledge, network, and nurture newer business partnerships. It will culminate in the glittering Global Achievers Awards 2020 to be held on June 11 at Washington D.C., USA, where Legal Era will honor individual practitioners, in-house legal teams and law firms across the globe for legal finesse and innovation.
If there is one mandate that the ruling BJP government has seriously adhered to ever since being voted to power, it is that of making India a business-friendly destination. In keeping with this vision, the government has kick-started ambitious initiatives such as Make in India, Invest in India, Start-up India, and so on. Coupled with enabling government policies and a bustling private sector, these programs have started yielding benefits in the form of increased investor confidence, increased FDI and FII, and a situation where overseas investors are no longer wary of investing in India as they once were. While a lot needs to be done not only in terms of encouraging more foreign investment into India but also in terms of hand-holding and nurturing foreign investors who have already invested here, there is no denying that the tide is changing in favor of India as a global investment destination.
Legal Era Magazine, a frontrunner in the legal sector in India and abroad, has in the past partnered with the Government of India and continues to do so to espouse the cause of “Invest in India”. As part of this larger objective, the magazine is organizing the Legal Era Conclave 2018, which is based on the theme EAST MEETS WEST: UNDERSTAND THE EMERGING MARKETS, GROUND REALITIES, OPPORTUNITIES & PATH AHEAD, on May 24 and 25, 2018 in the world’s financial capital, New York. For all those desirous of investing in India, the two-day Conclave will discuss in depth topics such as the Indian market, growth drivers, regulatory regime, tax network, challenges and opportunities when heading from West to East, partnering with Indian lawyers to help make the right decisions, net neutrality, artificial intelligence, compliance, data privacy regime, and so on.
The Conclave will provide a platform for investors, lawyers, and corporate counsel from both countries to come together and discuss opportunities on both sides of the fence. At a time when the world is eyeing India, the Conclave will provide a sneak peek into the dynamics of India, its culture, what investing here entails, laws, ground realities, the government’s progressive vision, pain points, and so on.
Data Privacy & Employment Laws
IP Regime In India & US
Litigation Strategies: How To Handle Litigation In Different Jurisdictions
GC In The World Of Conflicts & Crises
Cross Border M&A
Dispute Resolution (ADR) Regime In India & US: Challenges & Recent Developments
Blockchain – Trends & Future
Bilateral Trade & Services between India and the US and the Future of that Relationship
Copyright Infringement And Digital Piracy Across Borders
White Collar Crimes