East China University of Political Science and Law (ECUPL) and Jindal Global University (JGU) have agreed to set up a Centre for BRICS Legal Studies through a varsity-level cooperation.
East China University of Political Science and Law (ECUPL) and Jindal Global University (JGU) have agreed to set up a Centre for BRICS Legal Studies through a varsity-level cooperation.
The agreement between ECUPL and JGU was signed at a China-India legal forum, a conference on a theme 'How to Avoid Legal Risks While Investing in India' at ECUPL in Changning Qu, Shanghai in China.
JGU Vice-Chancellor C Raj Kumar said it was important to open institutional mechanisms to navigate and reduce risks for foreign investment in India.
"We share deep and pervasive ties with ECUPL, and are committed to strengthening our relationship through continuous exchange and interaction. The university-level cooperation agreements signed will further help to enhance and deepen our ties with ECUPL, which is amongst the leading universities of China and the world," Kumar said.
"For the last few decades, subsequent governments in India have shown wider political commitment, and there was political consensus for attracting FDI. There is a need for increasing convergence of the mindset of individuals and institutions to reduce and navigate risks," he added.
The forum was organised by JGU, ECUPL and the Dentons Shanghai Office as part of a collaborative initiative between the host institutions, a statement issued by JGU said.
The occasion also saw participation of parliamentarian and former minister of state for commerce and industry E M S Natchiappan, and senior advocate and president of the Indian Society of International Law R Venkataramani.
The deliberations focused on generating fresh and practical knowledge for the upcoming BRICS Summit slated to be held in Xiamen, China in September this year.
Speaking on different roles of Parliament and the Union government on regulating foreign direct investment (FDI) in India, Natchiappan has said, "Since India is a democratic republic union of states, there will be transparency and predictability of the policy of government to reflect the aspirations and protect the welfare of the people...All these are amenable to welcoming FDI in India."
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
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