“Cross-border collaboration is vital… We look more broadly as to how we can further collaboration. People-to-people exchanges will lead to a greater degree of trust,” Nikhil Sawhney, vice-chairman and managing director of Indian energy equipment manufacturer Triveni Turbines Ltd. said on Tuesday at the Asian Association of Management Organisations conference.
“I believe certain areas in terms of research and development has become a fast changing and important area for building reliable products and there needs to be a diversied base of talent. There is a world of technology and collaboration through R&D to establish platforms and standards would allow a greater degree of prosperity. It will also help bridge and build a more resilient ecosystem,” he added.fi“The pandemic was a wakeup call.
Mr. Chinoy added: “There’s no reason why we can’t collaborate at a regional level. There could be opportunities to network. There’s no restriction on learning, which is a good starting point,” he added.“Pakistan was lucky with how the pandemic impacted us. The numbers were relatively better globally and in the region. The government acted quite fast and… subsidized financing for imported equipment, encouraged investments in future projects,” he said.
“Now having come through it, the country managed well in terms of liquidity. It has the flexibility to use monetary measures to navigate through crises,” he added. —