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	<title>International Business Archives - NRI News</title>
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		<title>ICD Signs 13 Strategic Agreements to Foster Private Sector Development in Member Nations</title>
		<link>https://nrinews24x7.com/icd-signs-13-strategic-agreements-to-foster-private-sector-development-in-member-nations/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Thu, 09 Jul 2026 05:46:48 +0000</pubDate>
				<category><![CDATA[International Business]]></category>
		<category><![CDATA[Agreements]]></category>
		<category><![CDATA[development]]></category>
		<category><![CDATA[ICD]]></category>
		<category><![CDATA[strategic]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=181180</guid>

					<description><![CDATA[<p>BAKU, AZERBAIJAN: The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IsDB) Group, is pleased to announce the signing of 13 significant financing and strategic cooperation agreements with various counterparts aimed at catalyzing economic development and bolstering private sector growth and initiatives across several member countries [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/icd-signs-13-strategic-agreements-to-foster-private-sector-development-in-member-nations/">ICD Signs 13 Strategic Agreements to Foster Private Sector Development in Member Nations</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph"><strong>BAKU, AZERBAIJAN:</strong> The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IsDB) Group, is pleased to announce the signing of 13 significant financing and strategic cooperation agreements with various counterparts aimed at catalyzing economic development and bolstering private sector growth and initiatives across several member countries in diverse regions around the world. These agreements were signed during the 2026 Annual Meetings of the IsDB Group, held in Baku, Azerbaijan, under the theme “<em>Regional Integration for Sustainable Prosperity</em>”, which provided a platform for member countries to advance dialogue and cooperation on regional connectivity, resilience and inclusive growth. The signing of these agreements underscores ICD&#8217;s unwavering commitment to fostering prosperity through strategic partnerships and promoting access to finance and financial inclusion in its member countries.</p>



<p class="wp-block-paragraph">In line with its mandate to support private sector growth in its member countries, the ICD and the Azerbaijan Business Development Fund (ABDF) signed a framework agreement to launch a managed Shariah-compliant line of financing for SMEs during the opening ceremony of the IsDB Group 2026 Annual Meeting’s Private Sector Forum in Baku. Under this framework, the parties are to collaborate in deploying up to AZN 200 million within the next two years. The program introduces a local currency (AZN) financing channel by which ICD, acting as ABDF’s agent, will blend ABDF’s AZN funds with ICD’s USD, EUR, and AZN resources to support SMEs and private sector growth in Azerbaijan. Through this initiative, the ICD, acting on its own behalf and on behalf of ABDF, will provide either single or multi-currency line of financing facilities to selected partner financial institutions in Azerbaijan for on-ward financing of eligible companies in the country. This arrangement is expected to help mitigate foreign exchange risk that has long hindered the growth of  Azerbaijani SMEs, especially those operating outside major cities in the country.</p>



<p class="wp-block-paragraph">In a further attempt to explore bankable financing opportunities in Azerbaijan and facilitate the realization of its mandate of supporting private sector development in its member countries, the ICD also signed a Memorandum of Understanding (MoU) with the State Oil Company of the Azerbaijan Republic (SOCAR), establishing strategic cooperation between the two institutions to collaborate in financing of infrastructure and energy projects in Azerbaijan and other member countries within existing public private partnership (PPP) frameworks. Under the Memorandum of Understanding, the parties will identify and evaluate financing opportunities for project companies established by SOCAR and its joint venture partners. Within this framework, ICD will provide financing solutions tailored to the specific requirements of the projects.</p>



<p class="wp-block-paragraph">Further, the ICD signed a Mandate Letter with Azerconnect for a USD 20 million financing facility for capex financing and an Expression of Intent Letter for a USD 15 million Line of Financing Facility with Turan Bank for onward financing of SMEs and eligible companies in Azerbaijan.</p>



<p class="wp-block-paragraph">In an effort to strengthen and deepen its operations in Nigeria, the ICD also signed a Mandate Letter with the Nigerian Export-Import Bank (NEXIM) for a USD 50 million syndicated line of financing facility to be arranged by ICD to be used by NEXIM for financing eligible private sector entities in Nigeria.</p>



<p class="wp-block-paragraph">In line with its mandate of promoting economic development in its member countries, the ICD also signed an Expression of Intent  Letter for a proposed EUR 50 million Line of Financing Facility with  Afriland Bank (Cameroon),  and a Final Term Sheet for Euro 20 Million line of finance facility with AFG Bank (Cameroon), each for onward financing of SMEs and other eligible private sector companies in Cameroon. Under these facilities,  the ICD will be leading and supporting the arrangement and mobilization of resources and private capital to support the operations of these Cameroonian banks and thus contribute to fostering economic growth and prosperity in the country.</p>



<p class="wp-block-paragraph">Consistent with its objective of having a diversified portfolio across its member countries, the ICD also signed a Murabaha Facility Agreement with Al Salam Bank of Bahrain (ASB) for a USD 50 million Line of Finance Facility for onward financing of eligible companies in Bahrain whose operations contribute or have the potential of contributing significantly to the growth and development of SMEs and the private sector in general in Bahrain.</p>



<p class="wp-block-paragraph">ICD has also signed a strategic Memorandum of Understanding with DAMU Entrepreneurship Development Fund of Kazakhstan to establish a framework for cooperation aimed at identifying and developing financing and guarantee opportunities for Lines of financing in Kazakhstan, with a focus on supporting SMEs and private‑sector entities.</p>



<p class="wp-block-paragraph">To further its support to the growth of the private sector in Kazakhstan, the ICD also signed a strategic Memorandum of Understanding with KAZAGROFINANCE JSC of Kazakhstan (KAF) to establish a common ground for partnership between the parties and the Ministry of Agriculture of Kazakhstan to extend thematic agri-sector-linked line of finance facilities to KAF under the Ministry&#8217;s subsidy program to farmers in Kazakhstan.</p>



<p class="wp-block-paragraph">Additionally, Leveraging on ICD’s recent and first successful credit enhancement transaction with the African Solidarity Fund (<strong>FSA) </strong>in Mauritania in partnership with Banque Mauritanienne de l’Investissement (<strong>BMI)</strong>,&nbsp; the ICD signed a strategic Expression of Intent Letter with FSA as a demonstration of their intent to upscale their partnership in the use of FSA’s guarantees as credit enhancement for ICD’s line of financing operations in selected common member countries of the Parties.</p>



<p class="wp-block-paragraph">Finally, the ICD also signed a Strategic MOU with the Texel Group of the UK to establish a platform of cooperation on credit portfolio enhancement through insurance. Through this MOU, the parties are aiming to combine ICD’s origination and development financing capabilities with Texel Group’s structuring and placement expertise in the use of Non-Payment Insurance to enhance risk management, optimize capital allocation, and mobilize additional financing into priority sectors, while enabling ICD to up-scale its financing activities and efficiently manage portfolio concentration and credit exposure in its member countries.</p>



<p class="wp-block-paragraph">All these signed agreements represent a major step forward in ICD’s efforts to promote sustainable economic growth and financial inclusion across its member countries. By strengthening partnerships with key financial institutions and development partners, ICD continues to play a vital role in supporting private sector growth and development in its member countries.</p>
<p>The post <a href="https://nrinews24x7.com/icd-signs-13-strategic-agreements-to-foster-private-sector-development-in-member-nations/">ICD Signs 13 Strategic Agreements to Foster Private Sector Development in Member Nations</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>ICIEC Emphasizes the Role of De-Risking in Enhancing Regional Trade and Investment at the IsDB Group Private Sector Forum 2026</title>
		<link>https://nrinews24x7.com/iciec-emphasizes-the-role-of-de-risking-in-enhancing-regional-trade-and-investment-at-the-isdb-group-private-sector-forum-2026/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Thu, 09 Jul 2026 05:30:24 +0000</pubDate>
				<category><![CDATA[International Business]]></category>
		<category><![CDATA[Credit]]></category>
		<category><![CDATA[De-Risking]]></category>
		<category><![CDATA[export]]></category>
		<category><![CDATA[Forum]]></category>
		<category><![CDATA[Insurance]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[ISDB]]></category>
		<category><![CDATA[Islamic]]></category>
		<category><![CDATA[Trade]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=181168</guid>

					<description><![CDATA[<p>BAKU, AZERBAIJAN: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral credit and political risk insurer and member of the Islamic Development Bank Group, convened a high-level panel discussion titled “De-Risking Trade &#38; Investment for Regional Prosperity” on the sidelines of the IsDB Group Private Sector Forum 2026 in [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/iciec-emphasizes-the-role-of-de-risking-in-enhancing-regional-trade-and-investment-at-the-isdb-group-private-sector-forum-2026/">ICIEC Emphasizes the Role of De-Risking in Enhancing Regional Trade and Investment at the IsDB Group Private Sector Forum 2026</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p class="wp-block-paragraph"><strong>BAKU, AZERBAIJAN:</strong> The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral credit and political risk insurer and member of the Islamic Development Bank Group, convened a high-level panel discussion titled “<em>De-Risking Trade &amp; Investment for Regional Prosperity” </em>on the sidelines of the IsDB Group Private Sector Forum 2026 in Baku.</p>



<p class="wp-block-paragraph">Held at the Baku Convention Center, the session brought together senior representatives from Azerbaijani public- and private-sector stakeholders, export credit agencies, multilateral development banks, commercial banks, insurers, investors, government entities, State-Owned Enterprises, and business leaders.</p>



<p class="wp-block-paragraph">The discussion focused on how risk mitigation can unlock private capital, strengthen investor confidence, and support regional integration across Azerbaijan, ICIEC Member States, and the broader OIC region, in alignment with the Annual Meetings theme, “Regional Integration for Sustainable Prosperity”. Convened in Baku, the session explored how political risk insurance, trade credit insurance, and credit enhancement solutions can help transform opportunities in infrastructure, energy, logistics, ICT, manufacturing, and trade into bankable projects, while supporting Azerbaijan’s expanding role as a regional gateway for investment, connectivity, export-oriented growth, and wider OIC market integration.</p>



<p class="wp-block-paragraph">The event featured keynote remarks by Mr. Yusif Abdullayev, Executive Director of the Export and Investment Promotion Agency of the Republic of Azerbaijan (AZPROMO), who highlighted Azerbaijan’s growing role as a regional hub for trade, investment, and connectivity.</p>



<p class="wp-block-paragraph">The panel featured Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC; Mr. Yuichiro Akita, President of the Berne Union; Mr. Sujithav Sarangi, Executive Director, Development and Agency Finance Team, Standard Chartered; and Mr. John Lentaigne, Global Head of Structured Credit and Political Risks, Specialist Risk Group. The discussion was moderated by Mr. Elnur Aliyev, Advisor to the Chairman, KOBIA Azerbaijan.</p>



<p class="wp-block-paragraph">Speaking during the session, <strong>Dr. Khalid Khalafalla</strong> said: “<em>Regional prosperity can only deliver its full development impact when trade and investment opportunities are supported by confidence, bankability, and effective risk mitigants. ICIEC’s Shariah-compliant solutions help governments, financial institutions, and investors move from ambition to implementation and execution. Through strong partnerships with public and private sector institutions, ICIEC is helping mobilise capital for strategic sectors, reduce perceived and actual risks, and support sustainable growth across Member States and beyond</em><strong>.</strong>&#8220;</p>



<p class="wp-block-paragraph">The discussion underscored that Regional Prosperity requires more than connectivity and project pipelines. It requires a coordinated ecosystem in which governments, financial institutions, insurers, investors, and development partners work together to manage risk, mobilise finance, and deliver tangible development outcomes. The session reinforced ICIEC’s role as a catalyst for trade, investment, and sustainable development through Shariah-compliant risk mitigation solutions, partnership-building, and support for investment-ready projects across Member States.</p>
<p>The post <a href="https://nrinews24x7.com/iciec-emphasizes-the-role-of-de-risking-in-enhancing-regional-trade-and-investment-at-the-isdb-group-private-sector-forum-2026/">ICIEC Emphasizes the Role of De-Risking in Enhancing Regional Trade and Investment at the IsDB Group Private Sector Forum 2026</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>ICIEC and ICD Launch Groundbreaking Joint Syndicated Financing Initiative to Boost Islamic Finance in Member Nations</title>
		<link>https://nrinews24x7.com/iciec-and-icd-launch-groundbreaking-joint-syndicated-financing-initiative-to-boost-islamic-finance-in-member-nations/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Thu, 09 Jul 2026 05:17:40 +0000</pubDate>
				<category><![CDATA[International Business]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Finace]]></category>
		<category><![CDATA[ICD]]></category>
		<category><![CDATA[ICIEC]]></category>
		<category><![CDATA[Trade]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=181162</guid>

					<description><![CDATA[<p>JEDDAH: The Islamic Corporation for the Insurance of Investment and Export Credit (“ICIEC”), a Shariah-based multilateral insurer, and the Islamic Corporation for the Development of the Private Sector (“ICD”), the private sector arm of the IsDB Group, both members of the Islamic Development Bank (“IsDB”) Group, celebrated the successful completion of their first joint syndicated [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/iciec-and-icd-launch-groundbreaking-joint-syndicated-financing-initiative-to-boost-islamic-finance-in-member-nations/">ICIEC and ICD Launch Groundbreaking Joint Syndicated Financing Initiative to Boost Islamic Finance in Member Nations</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph"><strong>JEDDAH:  </strong>The Islamic Corporation for the Insurance of Investment and Export Credit (“ICIEC”), a Shariah-based multilateral insurer, and the Islamic Corporation for the Development of the Private Sector (“ICD”), the private sector arm of the IsDB Group, both members of the Islamic Development Bank (“IsDB”) Group, celebrated the successful completion of their first joint syndicated financing transaction in Uzbekistan, marking an important milestone in strengthening intra-Group collaboration.</p>



<p class="wp-block-paragraph">This landmark collaboration represents a significant milestone in strengthening strategic synergy within the IsDB Group by combining ICD&#8217;s syndication, structuring, and private sector financing capabilities with ICIEC&#8217;s credit risk mitigation solutions. Together, the two institutions are expanding the availability of Shariah-compliant financing, mobilizing private capital, expanding trade, and supporting sustainable private sector investment across member countries.</p>



<p class="wp-block-paragraph">Under this pioneering syndication arrangement, ICD successfully led a USD 60 million Shariah-compliant Syndicated Financing Facility for Joint Stock Company “Asakabank” (“Asakabank”) in Uzbekistan, with an accordion feature to increase the facility size, while ICIEC provided USD 30 million in Credit Risk Insurance coverage in favour of a Kuwaiti bank against the risk of default by the obligor within the framework of the ICD’s Syndicated Financing Facility.</p>



<p class="wp-block-paragraph">Boubyan Bank participated as the sole Kuwaiti financial institution in the syndication, demonstrating its continued commitment to innovative Shariah-compliant financing structures and regional private sector development. Its participation highlights the growing appetite among Islamic financial institutions for structured syndication opportunities supported by robust risk mitigation solutions.</p>



<p class="wp-block-paragraph">By combining ICD’s expertise in structuring and mobilizing Shariah-compliant syndicated financing facilities with ICIEC’s credit risk mitigation expertise, the transaction demonstrates how integrated IsDB Group solutions can catalyze greater participation from regional and international financial institutions. The collaboration not only expands financing capacity but also strengthens confidence in Islamic syndicated financing as a scalable instrument for supporting private sector growth. It also supports the broader objective of enabling businesses to access the financing needed to grow, create jobs, strengthen value chains, and contribute to economic resilience.</p>



<p class="wp-block-paragraph">Commenting on the milestone, <strong>Dr. Khalid Khalafalla, CEO of ICIEC and Acting CEO of ICD</strong>, said: <em>“This first joint syndication transaction between ICIEC and ICD reflects the strength of collaboration within the IsDB Group and our shared commitment to delivering integrated, Shariah-compliant solutions that respond to the financing needs of member countries. By bringing together ICD’s mandate to support private sector development and ICIEC’s expertise in credit risk insurance, we are helping to unlock financing, strengthen confidence among financial institutions, and channel capital towards businesses and projects that contribute to job creation, economic diversification, and sustainable growth. This transaction sets an important precedent for future cooperation between our institutions and reinforces our collective role in delivering tangible development impact across our member countries.”</em></p>



<p class="wp-block-paragraph">The transaction also reflects ICIEC&#8217;s and ICD’s shared commitment to expanding access to finance, strengthening Islamic finance solutions, and supporting transactions that contribute to economic growth, resilience, and development impact.</p>



<p class="wp-block-paragraph">As part of the IsDB Group, ICIEC and ICD will continue to deepen collaboration in developing innovative Islamic financing structures, expanding syndication platforms, and mobilizing regional and international capital to support private sector development, trade, infrastructure, and sustainable economic growth across member countries.</p>
<p>The post <a href="https://nrinews24x7.com/iciec-and-icd-launch-groundbreaking-joint-syndicated-financing-initiative-to-boost-islamic-finance-in-member-nations/">ICIEC and ICD Launch Groundbreaking Joint Syndicated Financing Initiative to Boost Islamic Finance in Member Nations</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>Strategic Partnership Between Kalyani Strategic Systems Ltd and AM General</title>
		<link>https://nrinews24x7.com/strategic-partnership-between-kalyani-strategic-systems-ltd-and-am-general/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Tue, 23 Jun 2026 18:25:11 +0000</pubDate>
				<category><![CDATA[International Business]]></category>
		<category><![CDATA[Artillery]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Gun]]></category>
		<category><![CDATA[Military]]></category>
		<category><![CDATA[Mounted]]></category>
		<category><![CDATA[partnership]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=181120</guid>

					<description><![CDATA[<p>PARIS: Kalyani Strategic Systems Limited (KSSL), the wholly owned defence subsidiary of Bharat Forge Limited, signed a strategic partnership with AM General, a leading military vehicle and mobile defence capabilities provider at Eurosatory defence exposition. This strategic partnership between AM General and KSSL addresses the requirement of modern armies of the world in an evolving [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/strategic-partnership-between-kalyani-strategic-systems-ltd-and-am-general/">Strategic Partnership Between Kalyani Strategic Systems Ltd and AM General</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
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<p class="wp-block-paragraph"><strong>PARIS:</strong> Kalyani Strategic Systems Limited (KSSL), the wholly owned defence subsidiary of Bharat Forge Limited, signed a strategic partnership with AM General, a leading military vehicle and mobile defence capabilities provider at Eurosatory defence exposition.</p>



<p class="wp-block-paragraph">This strategic partnership between AM General and KSSL addresses the requirement of modern armies of the world in an evolving combat scenario, equipping them with compact, robust, lightweight, ruggedized, mobile, all-weather, all-terrain Next-Gen Mounted Artillery gun platforms, with a distinct competitive edge. There are numerous opportunities globally, and the partnership is intended to support broader allied distribution, positioning the platform as a scalable, exportable artillery solution for partner nations seeking modern, mobile, and survivable 155mm fires capability.</p>



<p class="wp-block-paragraph">Leveraging this strategic partnership, AM General has also offered a proposal to participate in the U.S Army Mobile Tactical Cannon (MTC) program. The proposal to the U.S. Government includes the development and delivery of a 155mm MTC solution based on the mature, combat-relevant architecture of KSSL’s Mounted Artillery Gun platform, with delivery planned in 2027 upon its down-selection.</p>



<p class="wp-block-paragraph">The MArG system delivers class-leading strategic transportability and tactical mobility through the combination of a purpose-built powerpack and suspension, and a lighter gross vehicle weight rating. It’s a 52–caliber 155mm Cannon is combined with the patented Soft Recoil Technology (SRT) Recoil Mitigation system, an automated load-assist, and an advanced all-weather fire control suite providing indirect and direct fire capabilities. The system fires a standard high-explosive projectile over 40 Kilometers and carries over 20 projectiles and propellant charges on board. The MARG’s SRT system absorbs significantly more recoil force than traditional artillery systems, and this allows for a lighter vehicle, lighter turret, and less shock on the entire weapons system over its life.</p>



<p class="wp-block-paragraph">Amit Kalyani, Vice Chairman and Joint Managing Director, Bharat Forge Ltd, the parent company of KSSL, shared, “<em>Our partnership with AM General is underscored by trust in our advanced artillery capabilities, and confidence in our commitment to delivering leading-edge and combat-proven solutions that meet modern warfare requirements</em>.”</p>



<p class="wp-block-paragraph"><strong>John Chadbourne, AM General President and CEO, </strong>said, “<em>Working with KSSL signifies our mutual commitment to support our allies and, ultimately, the Warfighter. By integrating the patented soft recoil technology into their state-of-the-art and mature platforms, we will be delivering truly groundbreaking capabilities that can provide an advantage on the evolving battlefield</em>.”</p>



<p class="wp-block-paragraph">At KSSL, we take pride in building designed and made in India, globally benchmarked defence platforms, driven by the purpose of delivering technologically advanced, strategic defence capabilities for India and the world.</p>



<p class="wp-block-paragraph"></p>
<p>The post <a href="https://nrinews24x7.com/strategic-partnership-between-kalyani-strategic-systems-ltd-and-am-general/">Strategic Partnership Between Kalyani Strategic Systems Ltd and AM General</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>The 20th IsDB Global Forum on Islamic Finance</title>
		<link>https://nrinews24x7.com/the-20th-isdb-global-forum-on-islamic-finance/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Fri, 12 Jun 2026 04:40:07 +0000</pubDate>
				<category><![CDATA[International Business]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[Forum]]></category>
		<category><![CDATA[Global]]></category>
		<category><![CDATA[Islamic]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=181040</guid>

					<description><![CDATA[<p>JEDDAH: The Islamic Development Bank Institute (IsDBI) will host the 20th IsDB Global Forum on Islamic Finance in Baku, Azerbaijan, on 17 June 2026 under the theme “Achieving Sustainable Prosperity through Islamic Finance,” in conjunction with the IsDB Group Annual Meetings. Marking its 20th edition, the forum serves as a flagship platform for high-level dialogue, [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/the-20th-isdb-global-forum-on-islamic-finance/">The 20th IsDB Global Forum on Islamic Finance</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
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<p class="wp-block-paragraph">J<strong>EDDAH:</strong> The Islamic Development Bank Institute (IsDBI) will host the 20th IsDB Global Forum on Islamic Finance in Baku, Azerbaijan, on 17 June 2026 under the theme “Achieving Sustainable Prosperity through Islamic Finance,” in conjunction with the IsDB Group Annual Meetings.</p>



<p class="wp-block-paragraph">Marking its 20th edition, the forum serves as a flagship platform for high-level dialogue, convening policymakers, regulators, development practitioners, academics, and industry leaders to advance innovation and development in Islamic finance. This year’s forum will focus on strengthening regional integration and unlocking sustainable growth across IsDB member countries through Islamic finance solutions.</p>



<p class="wp-block-paragraph">The forum will examine how Islamic finance can help address structural development challenges, including “development traps” that constrain inclusive growth and resilience. It will also highlight innovative Islamic social finance mechanisms, particularly Awqaf Free Zones, as tools for mobilizing sustainable resources to support food and energy security.</p>



<p class="wp-block-paragraph">Key highlights of the forum include keynote speeches, launch of a new report on the prospects of Islamic Finance in Azerbaijan alongside other flagship publications, announcement of a memorandum of understanding between IsDBI and Labuan Financial Services Authority, distinguished panel discussion sessions, and unveiling of top achievers in the Applied AI in Islamic Finance Competency Challenge.</p>



<p class="wp-block-paragraph">H.E. Taleh Kazimov, Governor of the Central Bank of the Republic of Azerbaijan, will deliver the first keynote speech, followed by Eng. Adeeb Yousuf Al Aama, Chief Executive Officer of ITFC, whose speech will be on behalf of the IsDB Group. Dr. Sami Al-Suwailem, Acting Director General of IsDBI, will deliver the welcome remarks.</p>



<p class="wp-block-paragraph">The first panel session will explore how Islamic finance can help countries overcome development barriers and achieve sustainable economic transformation. The panelists include Mr. Shahin Aydin Mahmudzade, Executive Director, Central Bank of Azerbaijan; Mr. Adnan Zaylani, Deputy Governor, Bank Negara Malaysia; Ms. Mihoko Kumamoto, Director, Division for Prosperity, UNITAR; Dr. Bambang Brodjonegoro, Dean, Asian Development Bank Institute; and Dr. Areef Suleman, Chief Economist, IsDB Group. The session will be moderated by Mr. Mustafa Adil, Head of Islamic Finance, London Stock Exchange Group.</p>



<p class="wp-block-paragraph">The second panel session will examine innovative approaches to mobilizing Islamic social finance, particularly through Awqaf Free Zones, to address global food and energy challenges. The speakers include Mr. Valeh Alasgarov, Chairman of the Board, AFEZ Authority, Azerbaijan; Dr. Mansur Muhtar, Chairman of the Board, Bank of Industry, Nigeria; Professor Emeritus Dato’ Dr. Azmi Omar, President &amp; CEO, INCEIF University; and Mr. Orkhan Vidadi oglu Mammadov, Chairman, Small and Medium Business Development Agency of Azerbaijan (KOBİA). The session will be moderated by Mr. Yahya Rehman, Associate Manager, IsDBI.</p>



<p class="wp-block-paragraph">The forum is expected to generate actionable recommendations, strengthen partnerships, promote stakeholder collaboration, and advance innovative, AI-enabled tools to support the growth of Islamic finance globally.</p>



<p class="wp-block-paragraph">More information about the forum is available on the IsDBI website <a href="https://isdbinstitute.org/events_posts/20th-isdb-global-forum-on-islamic-finance/">here</a>.</p>
<p>The post <a href="https://nrinews24x7.com/the-20th-isdb-global-forum-on-islamic-finance/">The 20th IsDB Global Forum on Islamic Finance</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>KPMG in India: Insights from the AMCHAM Report on Pune&#8217;s Growth as a Global Capability Center Hub</title>
		<link>https://nrinews24x7.com/kpmg-in-india-insights-from-the-amcham-report-on-punes-growth-as-a-global-capability-center-hub/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Wed, 03 Jun 2026 22:46:06 +0000</pubDate>
				<category><![CDATA[International Business]]></category>
		<category><![CDATA[AMCHAM]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Capability]]></category>
		<category><![CDATA[Center]]></category>
		<category><![CDATA[Global]]></category>
		<category><![CDATA[Hub]]></category>
		<category><![CDATA[KPMG]]></category>
		<category><![CDATA[pune]]></category>
		<category><![CDATA[Report]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=180990</guid>

					<description><![CDATA[<p>PUNE: Amid the rapid evolution of global operating models and innovation-led transformation, the KPMG in India–AMCHAM report, Pune: A strong growth frontier for Global Capability Centers in India, highlights Pune’s emergence as one of India’s most promising destinations for Global Capability Centres (GCCs). India’s GCC ecosystem has evolved beyond cost and operational efficiency centres into strategic hubs driving innovation, digital [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/kpmg-in-india-insights-from-the-amcham-report-on-punes-growth-as-a-global-capability-center-hub/">KPMG in India: Insights from the AMCHAM Report on Pune&#8217;s Growth as a Global Capability Center Hub</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p class="wp-block-paragraph"><strong>PUNE:</strong> Amid the rapid evolution of global operating models and innovation-led transformation, the <strong>KPMG in India–AMCHAM</strong> <strong>report</strong>, <strong>Pune: A strong growth frontier for Global Capability Centers in India,</strong> highlights Pune’s emergence as one of India’s most promising destinations for Global Capability Centres (GCCs).</p>



<p class="wp-block-paragraph">India’s GCC ecosystem has evolved beyond cost and operational efficiency centres into strategic hubs driving innovation, digital transformation, advanced engineering, research, analytics, and enterprise-wide solutions. As this shift accelerates, Pune is emerging as the next chapter of India’s GCC story—defined by clear purpose and momentum. The city’s strong industrial legacy, deep engineering talent, vibrant technology ecosystem, robust academic base, and high quality of life make it an increasingly attractive GCC destination.</p>



<p class="wp-block-paragraph">The report, developed in collaboration with&nbsp;<strong>AMCHAM and research partner UnearthIQ</strong>, underscores the factors that make Pune an increasingly attractive destination for global enterprises. These include its deep, functionally skilled talent pool, strong tech ecosystem, strong presence of U.S.-headquartered organisations, supportive state policies, and rapidly expanding digital and infrastructure capabilities. Today, Pune is home to&nbsp;<strong>500+ GCCs</strong>&nbsp;across sectors, with organisations from over&nbsp;<strong>30 countries</strong>&nbsp;leveraging the city’s strengths to drive global innovation, operational excellence, and enterprise-wide transformation.</p>



<p class="wp-block-paragraph">Pune’s growth is strongly driven by U.S.-headquartered companies, which continue to expand their footprint and establish future-ready centres with end-to-end ownership, innovation mandates, and global impact.</p>



<p class="wp-block-paragraph">Supportive policy measures such as the Government of Maharashtra’s GCC Policy 2025, alongside investments in AI, digital infrastructure, talent, and innovation ecosystems, are set to further accelerate this momentum. Increasingly, successful GCCs are those that evolve beyond execution to become capability centres—building for future needs as much as present demands—an environment Pune is well positioned to support.</p>



<p class="wp-block-paragraph"><strong>Shalini Pillay, Partner and India Leader, Global Capability Centres, KPMG in India,</strong> notes, “<em>As India’s Global Capability Centre story enters its most consequential chapter, Pune is emerging as a compelling destination for organisations looking to establish and scale future-ready capability centres. With its strong ecosystem spanning talent, infrastructure, and innovation, Pune offers a unique opportunity to go beyond execution and build centres that deliver enterprise-wide value and transformation for global organisations</em>.”</p>



<p class="wp-block-paragraph"><strong>Key insights from the report include:</strong></p>



<ul class="wp-block-list">
<li>Pune is home to <strong>500+ GCCs</strong>, with firms from <strong>30+ countries across 20+ industries</strong></li>



<li>The city accounts for <strong>~14% of India’s GCC units</strong> and <strong>~9% of total GCC talent</strong></li>



<li>Pune’s GCC ecosystem is growing at <strong>~9% CAGR</strong>, with strong expansion expected through 2030</li>



<li><strong>130+ GCCs</strong> have entered or expanded in Pune since 2024, signalling accelerating momentum</li>



<li><strong>U.S.-headquartered firms anchor ~55%</strong> of Pune’s GCC base</li>



<li>Pune produces <strong>~200,000 graduates annually</strong>, including <strong>~90,000 STEM graduates</strong></li>



<li>Maharashtra’s GCC Policy 2025 aims to establish <strong>400 new GCCs</strong> and create <strong>4 lakh high-skilled jobs</strong></li>



<li>Future growth will depend on addressing infrastructure, connectivity, and talent challenges while leveraging opportunities such as AI-first mandates, policy support, and the Mumbai–Pune business corridor</li>



<li>Pune can strengthen its position by capitalising on overflow from saturated Tier-I cities and scaling AI-led innovation hubs</li>
</ul>



<p class="wp-block-paragraph">Together, these insights position Pune as a critical node in India’s next phase of GCC-led growth. As global organisations increasingly prioritise innovation, AI, and value creation, Pune offers a compelling platform to build scalable, innovation-driven, and future-ready global capability centres.</p>
<p>The post <a href="https://nrinews24x7.com/kpmg-in-india-insights-from-the-amcham-report-on-punes-growth-as-a-global-capability-center-hub/">KPMG in India: Insights from the AMCHAM Report on Pune&#8217;s Growth as a Global Capability Center Hub</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>KNAV Secures Follow-on Investment from NKSquared to Propel Global Expansion Efforts</title>
		<link>https://nrinews24x7.com/knav-secures-follow-on-investment-from-nksquared-to-propel-global-expansion-efforts/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Wed, 03 Jun 2026 22:35:56 +0000</pubDate>
				<category><![CDATA[International Business]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Expansion]]></category>
		<category><![CDATA[Follow-on]]></category>
		<category><![CDATA[Global]]></category>
		<category><![CDATA[investment]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=180984</guid>

					<description><![CDATA[<p>ATLANTA: KNAV, a global accounting and advisory firm delivering integrated services across assurance, tax, and advisory, announced today a follow-on investment from NKSquared, the US-based investment firm of Nikhil Kamath, investor and entrepreneur. The firm will deploy the majority of this capital toward pursuing international acquisitions to expand into new markets, including entry into new [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/knav-secures-follow-on-investment-from-nksquared-to-propel-global-expansion-efforts/">KNAV Secures Follow-on Investment from NKSquared to Propel Global Expansion Efforts</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p class="wp-block-paragraph"><strong>ATLANTA:</strong> KNAV, a global accounting and advisory firm delivering integrated services across assurance, tax, and advisory, announced today a follow-on investment from NKSquared, the US-based investment firm of Nikhil Kamath, investor and entrepreneur.</p>



<p class="wp-block-paragraph">The firm will deploy the majority of this capital toward pursuing international acquisitions to expand into new markets, including entry into new jurisdictions such as Australia and the addition of firms that strengthen its service capabilities. Alongside this, organic growth will remain an equally important driver, with continued investment in talent, leadership development, and training to build skills across its global teams. A portion of the investment will also support KNAV&#8217;s ongoing automation and AI deployment across its service lines.</p>



<p class="wp-block-paragraph">KNAV is currently in Phase 1 of its AI deployment, focused on embedding AI into core workflows to improve quality, efficiency, and decision-making, with further expansion planned over time.</p>



<p class="wp-block-paragraph">This financing builds on KNAV&#8217;s initial funding from NKSquared in September 2024. Since then, the firm has grown its global revenues from $26 million in 2023 to $50 million in 2025 and expanded its presence across international markets, including the Netherlands, the United Kingdom, and, most recently, in the UAE.</p>



<p class="wp-block-paragraph">Headquartered in Atlanta, KNAV operates across seven countries, serving more than 1,500 enterprises, primarily multinational. The firm has built a global delivery model that combines local expertise with cross-border execution, supporting clients seamlessly across markets.</p>



<p class="wp-block-paragraph"><em>&#8220;NKSquared&#8217;s continued support reinforces our long-term vision of building a truly global accounting and advisory firm,&#8221;</em>&nbsp;said&nbsp;<strong>Nishta Sharma, CEO, KNAV Advisory Inc</strong>. &#8220;<em>This investment allows us to pursue international acquisitions to enter new markets, while continuing to invest in our people and in building capabilities across the firm.&#8221;</em></p>



<p class="wp-block-paragraph">&#8220;Our follow-on investment reflects our conviction in KNAV&#8217;s leadership, its consistent execution, and its ability to grow with both agility and discipline. That&#8217;s a rare combination, and it gives us real confidence in their vision to build a truly global professional services firm, proudly originating from Indian<em> roots,</em>&#8221; said <strong>Nikhil Kamath, investor and entrepreneur at NKSquared.</strong></p>



<p class="wp-block-paragraph">KNAV&#8217;s growth strategy continues to focus on a dual approach of international acquisitions and organic expansion, deepening client relationships, entering new markets, and strengthening capabilities across assurance, tax, and advisory.</p>
<p>The post <a href="https://nrinews24x7.com/knav-secures-follow-on-investment-from-nksquared-to-propel-global-expansion-efforts/">KNAV Secures Follow-on Investment from NKSquared to Propel Global Expansion Efforts</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>Shah Khandelwal Jain and Associates Celebrates 60 Years and Expands to the Middle East</title>
		<link>https://nrinews24x7.com/shah-khandelwal-jain-and-associates-celebrates-60-years-and-expands-to-the-middle-east/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Tue, 02 Jun 2026 11:00:01 +0000</pubDate>
				<category><![CDATA[International Business]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Middle East]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=180937</guid>

					<description><![CDATA[<p>PUNE: Shah Khandelwal Jain and Associates, Chartered Accountants, one of Pune&#8217;s most respected CA firms, marked a landmark 60th anniversary with Reconnect 2026, a grand celebratory event held over 2 days at a luxury hotel in Pune and attended by more than 1,000 guests, including clients, alumni, and well-wishers. Founded in 1966 by the visionary Late [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/shah-khandelwal-jain-and-associates-celebrates-60-years-and-expands-to-the-middle-east/">Shah Khandelwal Jain and Associates Celebrates 60 Years and Expands to the Middle East</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p class="wp-block-paragraph"><strong>PUNE:</strong> Shah Khandelwal Jain and Associates, Chartered Accountants, one of Pune&#8217;s most respected CA firms, marked a landmark 60th anniversary with Reconnect 2026, a grand celebratory event held over 2 days at a luxury hotel in Pune and attended by more than 1,000 guests, including clients, alumni, and well-wishers.</p>



<p class="wp-block-paragraph">Founded in 1966 by the visionary Late Mr. C. V. Khandelwal, the firm took root when Pune was still considered a pensioner&#8217;s paradise. Six decades on, it stands as a testament to his foresight, a thriving institution headquartered in Pune and with network offices in Aurangabad, Indore, and Bagalkot.</p>



<p class="wp-block-paragraph">Commenting on this milestone, <strong>Ashish Khandelwal </strong>said, “<em>Some of our client relationships are for almost 6 decades. The trust that our clients repose in SKJ is what drives us to achieve excellence</em>.”</p>



<p class="wp-block-paragraph">“<em>We have kept SKJ relevant by reinventing ourselves constantly. We have combined AI with our experience to improve client service. Our 3rd generation is ready to step in, and we are also increasing our global footprint</em>”, added <strong>Neelesh Khandelwal</strong>.</p>



<p class="wp-block-paragraph">The firm today employs over 200 professionals and has been the training ground for more than 1,000 Chartered Accountants who completed their articleship within its walls. Many of these students came from remote rural areas of India, and some of them are now CFO’s of big corporations. Leadership of SKJ is now shared by the second generation — Partners Ashish Khandelwal and Neelesh Khandelwal — alongside Nishant Mundada, a former intern turned Partner, embodying the firm&#8217;s tradition of nurturing talent from within.</p>



<p class="wp-block-paragraph">With the third generation already qualified and ready — including daughters of Ashish and Neelesh who are practising CAs — the firm&#8217;s future is firmly in capable hands.</p>



<p class="wp-block-paragraph">Looking ahead, Shah Khandelwal Jain and Associates is set to launch offshore operations in the Middle East in June 2026 and has embraced Artificial Intelligence to drive operational excellence — staying true to its founder&#8217;s forward-thinking spirit.</p>



<p class="wp-block-paragraph">Built on decades of principles, values, and client-first service, the firm enters its seventh decade stronger than ever.</p>
<p>The post <a href="https://nrinews24x7.com/shah-khandelwal-jain-and-associates-celebrates-60-years-and-expands-to-the-middle-east/">Shah Khandelwal Jain and Associates Celebrates 60 Years and Expands to the Middle East</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>IsDB Group&#8217;s Successful Private Sector Roadshow in Baku</title>
		<link>https://nrinews24x7.com/isdb-groups-successful-private-sector-roadshow-in-baku/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Fri, 08 May 2026 06:14:16 +0000</pubDate>
				<category><![CDATA[International Business]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[ISDB]]></category>
		<category><![CDATA[Roadshow]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=180708</guid>

					<description><![CDATA[<p>BAKU, AZERBAIJAN: The Islamic Development Bank (IsDB) Group affiliates &#8211; namely the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC) &#8211; in cooperation with the Islamic Development Bank Group Business Forum (THIQAH), organized [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/isdb-groups-successful-private-sector-roadshow-in-baku/">IsDB Group&#8217;s Successful Private Sector Roadshow in Baku</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
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<p class="wp-block-paragraph"><strong>BAKU, AZERBAIJAN: </strong>The Islamic Development Bank (IsDB) Group affiliates &#8211; namely the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC) &#8211; in cooperation with the Islamic Development Bank Group Business Forum (THIQAH), organized the “IsDB Group Private Sector Roadshow” in Baku, Azerbaijan, in close collaboration with the Ministry of Economy of the Republic of Azerbaijan and the Export and Investment Promotion Agency of the Republic of Azerbaijan (AZPROMO).</p>



<p class="wp-block-paragraph">The high-profile event, which took place on Thursday, 7<sup>th</sup> May 2026, at Azerbaijan’s Ministry of Economy, came as part of ongoing preparations for the upcoming IsDB Group Annual Meetings and Private Sector Forum (PSF 2026), scheduled to take place from 16 to 19 June 2026, under the high patronage of His Excellency President Ilham Aliyev, the President of the Republic of Azerbaijan.</p>



<p class="wp-block-paragraph">Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan. It highlighted the Group’s ongoing support for private sector development and its efforts to stimulate promising investment and trade opportunities in the Azerbaijani market.</p>



<p class="wp-block-paragraph">The event also served as a unique opportunity, inviting the audience to participate actively in IsDB Group Annual Meetings and the Private Sector Forum (PSF 2026). The program included panel discussions and specialized workshops on ways to enhance economic partnerships and the role of IsDB Group&#8217;s institutions in supporting the needs of member countries. The spectra of services, solutions, and financial tools were also presented, including lines and modes of Islamic financing, trade finance, and trade development solutions, corporate private sector financing, as well as risk mitigation solutions, plus investment insurance and export credit insurance services.</p>



<p class="wp-block-paragraph">Keynote speakers, in their speeches, underlined strong commitment to deepening engagement with the private sector and fostering meaningful partnerships that drive sustainable economic growth in light of the upcoming IsDB Group Annual Meetings in Baku, all to showcase integrated solutions especially in Islamic finance, trade, investment, and risk mitigation while working closely and collectively with private sector partners to unlock new opportunities, support innovation, and empower businesses contributing to inclusive and resilient development across IsDB Group member countries.</p>
<p>The post <a href="https://nrinews24x7.com/isdb-groups-successful-private-sector-roadshow-in-baku/">IsDB Group&#8217;s Successful Private Sector Roadshow in Baku</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>Highlights from the KPMG Global Tech Report 2026</title>
		<link>https://nrinews24x7.com/highlights-from-the-kpmg-global-tech-report-2026/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Fri, 24 Apr 2026 16:11:46 +0000</pubDate>
				<category><![CDATA[International Business]]></category>
		<category><![CDATA[2026]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Global]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Report]]></category>
		<category><![CDATA[Tech]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=180657</guid>

					<description><![CDATA[<p>INDIA: Amid accelerating technological disruption, rising citizen expectations, and increasing fiscal and cyber pressures, KPMG International’s Global Tech Report 2026 – Government and Public Sector reveals a sector at a pivotal moment—moving beyond siloed digital modernisation programmes towards outcome‑led, mission‑driven technology transformation that delivers sustained public value. The report captures insights from 115 government leaders, executives, and technology [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/highlights-from-the-kpmg-global-tech-report-2026/">Highlights from the KPMG Global Tech Report 2026</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph"><strong>INDIA:</strong> Amid accelerating technological disruption, rising citizen expectations, and increasing fiscal and cyber pressures, <strong>KPMG International’s Global Tech Report 2026 – Government and Public Sector</strong> reveals a sector at a pivotal moment—moving beyond siloed digital modernisation programmes towards outcome‑led, mission‑driven technology transformation that delivers sustained public value.</p>



<p class="wp-block-paragraph">The report captures insights from <strong>115 government leaders, executives,</strong> and technology decision‑makers from around the world, offering a focused view of how public sector organisations are embracing artificial intelligence (AI), data, cybersecurity, and digital foundations while grappling with challenges around scale, skills, and governance.</p>



<p class="wp-block-paragraph">As governments accelerate toward a more digital, data‑driven future, the research highlights a clear shift from tactical projects to enterprise‑wide transformation. While AI and cybersecurity remain high on the agenda, leaders are placing renewed emphasis on strengthening core digital foundations, including cloud platforms, enterprise systems, data management capabilities, workforce skills, and ecosystem partnerships, to build resilience and improve service delivery in an increasingly complex environment.</p>



<p class="wp-block-paragraph">The findings underscore that ambition continues to outpace execution. Many public sector organisations are still constrained by fragmented data environments, organisational silos, legacy technology debt, and talent shortages, limiting their ability to scale pilots and convert innovation into sustained, measurable impact. In response, leading governments are sharpening their technology strategies, adopting citizen‑centric design principles, and forming trusted, outcome‑focused partnerships to accelerate execution, strengthen delivery confidence, and unlock long‑term public value and trust.</p>



<p class="wp-block-paragraph"><strong>Nilachal Mishra – Partner and Head, Government and Public Services, KPMG in India</strong>, said, &#8220;<em>India&#8217;s public sector stands at a critical juncture as it moves from digital implementation to intelligent, outcome-led transformation. While AI, data, and cloud provide the technological impetus, lasting impact will depend on three foundations: robust digital infrastructure, seamless institutional integration, and trusted cross-sector partnerships. By embedding citizen-centric design, responsible AI, and resilient operating models into the core of government, India can accelerate execution, enhance public trust, and deliver long-term value at scale</em>&#8220;.</p>



<p class="wp-block-paragraph"><strong>Key findings from the Global Tech Report 2026 – Government and Public Sector include:</strong></p>



<ul class="wp-block-list">
<li><strong>89 per cent</strong> describe themselves as technology innovators or fast followers, signaling strong transformation intent</li>



<li><strong>86 per cent</strong> believe managing AI agents will become an important workforce skill within the next five years, reinforcing the urgency of talent and capability transformation</li>



<li><strong>64 per cent</strong> plan to increase investment in cybersecurity over the coming year, reflecting heightened risk and threat awareness</li>



<li><strong>59 per cent</strong> expect to increase budgets for data and analytics, many by more than 10 per cent, to improve insight‑driven decision‑making</li>



<li><strong>55 per cent </strong>say they are <strong>getting 40 per cent</strong> or more of their financial value from foundational and core tech</li>



<li><strong>48 per cent</strong> of government respondents say they will be deploying AI use cases into production at scale within the next 12 months</li>



<li><strong>43 per cent</strong> admit they are hitting roadblocks in scaling digital and AI initiatives across the enterprise</li>



<li><strong>40 per cent</strong> anticipate spending more than 40 per cent of their technology budgets on maintaining legacy environments, highlighting the drag of technical debt</li>
</ul>



<p class="wp-block-paragraph">Taken together, the insights point to a government and public sector at a critical inflection point. Those organisations that invest in strong digital foundations, responsible and scalable AI, cyber resilience, and workforce capability—while maintaining a human‑centric, outcomes‑driven approach—will be best positioned to deliver trusted, resilient, and citizen‑focused services in the Intelligence Age.</p>
<p>The post <a href="https://nrinews24x7.com/highlights-from-the-kpmg-global-tech-report-2026/">Highlights from the KPMG Global Tech Report 2026</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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