Forum Views - March 2023
Welcome to interactive presentation, created with Publuu. Enjoy the reading!
FORUM VIEWS - MARCH 2023
regulatory transparency, financial and legal stability, as well as
openness to foreign institutions. It is therefore uniquely
positioned to act as a gateway to both the EU and abroad for
Indian investors.
Within the capital markets space, Luxembourg is well
positioned to help Indian firms active globally raise funds to
finance their activities internationally. The country brings
together various elements to create an ecosystem ideal for
these activities, from the necessary talent and institutions to
responsive regulators, tax authorities, and a sophisticated
legal framework.
These qualities also make the Grand Duchy an ideal location for
Indian financial services firms looking to establish a base
within the EU to serve the single market.
The global shift towards sustainability will only compound
Luxembourg’s appeal for international firms. As a leading
sustainable finance centre, the country is well set up to help
companies raise sustainable capital, via the Luxembourg
Green Exchange for example, and to help investors support
sustainable growth. Indian firms should leverage on the
already existing, and growing, expertise in Luxembourg to
propel their sustainability agenda forward.
Already, structures in Luxembourg help provide investments
not only into tech-savvy and innovative companies in India,
but also help to finance much needed ESG projects.
Increasingly, these projects go beyond the Environmental
factor and are also focusing on the Social aspect.
A strong financial system supports the entire economic value
chain, integrating players from across the world. This opens
up expertise that is often not available in local markets, and
facilitates foreign institutions’ access to developing markets,
helping to address significant capital shortages. With the
awareness and demand for sustainable investments and
With the awareness and demand
for sustainable investments and
financing growing, it will take the
engagement and interaction
between players located in all
four corners of the world to
ensure a green and global
financial system - one which
benefits everyone, from Mumbai
to Luxembourg and beyond.
financing growing, it will take the engagement and interaction
between players located in all four corners of the world to
ensure a green and global financial system - one which
benefits everyone, from Mumbai to Luxembourg and beyond.
Nicolas Mackel is CEO of Luxembourg for Finance, the Agency for the
Development of the Financial Centre, since July 2013.
He is a career diplomat. He has graduated with a law degree from the University
of Aix-en-Provence, and holds two post-graduate diplomas in European law from
the Sorbonne University, respectively the College of Europe in Bruges where he
then also served as a teaching assistant in the Law Department. He worked as a
legal clerk at the European Court of Justice before joining the Ministry of Foreign
Affairs in 1999. His assignments focused on the successive EU Treaty
negotiations (Amsterdam, Nice, Constitution, Lisbon).
He was consecutively posted at Luxembourg’s Permanent Representation to the
EU (2002-07), as Deputy Chief of Mission at Luxembourg’s Embassy in
Washington DC (2007-11) and as Consul General in Shanghai (2011-13) where
he was in charge of promoting Luxembourg’s economic interests throughout
China as the Executive Director of the Luxembourg Trade and Investment Office.
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64