At the Horasis India Meeting in Adelaide, Vijay Sambamurthi, founder and managing partner of Lexygen, shared his expertise on the role of legal frameworks in the Indo-Pacific region’s economic growth. Marking his ninth participation in the event, Sambamurthi brought a wealth of experience in cross-border transactions and legal advisory, particularly in areas like technology, infrastructure, and consumer sectors.
Lexygen’s Journey and Vision
Vijay Sambamurthi , who established Lexygen in 2006 in Bangalore, has expanded the firm’s reach to Singapore, focusing on cross-border transactions in the Asia-Pacific region. He emphasized the firm’s role in fund formation, advising private equity, venture capital, and hedge funds, as well as its involvement in mergers and acquisitions.
Legal Frameworks in the Indo-Pacific Economic Growth
Sambamurthi highlighted the Indo-Pacific region as a reservoir of untapped opportunities. The COVID-19 pandemic, a black swan event, exposed inadequacies and opened doors for greater cooperation between Indian and Asia-Pacific businesses. He stressed the importance of legal frameworks in facilitating this cooperation, suggesting reforms in both internal and external laws to strengthen trade and investment.
Law’s Role in Supply Chain and Production Recovery
Discussing the pandemic’s impact, Sambamurthi underscored the law’s critical role in supply chain and production recovery. He argued that legal reforms are necessary to address supply chain inefficiencies, urging both Indian and Asia-Pacific regions to revise their legal frameworks to better support post-pandemic economic recovery.
Investment and Innovation Sectors
Sambamurthi identified sectors like mining, infrastructure, technology, biotechnology, and pharmaceuticals as key areas for India-Australia cooperation. He suggested that both countries could benefit from mutual investments in these sectors, with legal strategies tailored to facilitate this process.
Impact of Legal Education on Industry
He also addressed the importance of legal education in industry, emphasizing the need for legal awareness among businesses. Over the years, he observed a significant improvement in the understanding and application of legal advice in India, which has been crucial for fostering a safe and robust investment environment.
Legal Complexity and Business Needs
Addressing the complexity of legal systems, Sambamurthi noted that while legal processes have not necessarily become more complex, business needs have. He expressed confidence in India’s legal system, acknowledging its evolution and its role in creating a conducive environment for investment.
Horasis as a Platform for Growth and Collaboration
Sambamurthi shared his positive experience with the Horasis community, highlighting the event as a productive platform for networking, learning, and fostering business relationships. He emphasized the value of investing time and effort in such communities for long-term benefits.
Key Takeaways and Future Outlook
His key takeaway from the Adelaide meeting was the potential for Indo-Australian relations in the renewable and clean energy space, particularly in green hydrogen. Looking forward, Sambamurthi expressed optimism about Lexygen playing a significant role in facilitating business and investment relations between India and Australia.
Vijay Sambamurthi’s insights at the Horasis India Meeting underscore the pivotal role of legal frameworks and education in shaping the economic landscape of the Indo-Pacific region. His perspective highlights the need for adaptive legal strategies to facilitate growth and innovation in key sectors, fostering a stronger economic bond between India and Australia.
