Now it does make sense, I do think that Europe should look at Open source more too and contribute as such.

I do agree with what you are saying but supposing the geopolitical spat between America and Europe, It doesn't make sense to me why European countries might trust Indian subsidiaries of American companies.

Sure they might sound sovereign but in reality, they aren't. SO what's the point?

Why not get Independent Indian developers and the startup culture established around it (Although one of the issues I feel with this approach is that VC capital does include America, personally I wish to stay away from much of VC money)

> It's more derogatory to EU initiatives than India. All these flashy announcements hide the fact that most businesses and organizations in the EU continue to operate using non-EU developed software and continue to do so. Yet any attempt at building a durable long term foundation a la the Draghi report is ignored, as Draghi himself pointed out a couple months back [2].

Agreed.

I do feel like a reason why I wanted to establish EU company was to show my acknowledgement of Open source and privacy focus and to get more EU businesses interested. But right now, I feel like I am way more willing to have Open source or at the very least if restrictive, then creating source available software & still having an EU presence & an appreciation towards it.

But like, EU definitely needs to focus on Open source offerings more so than looking for EU alternatives in general which as you mention might be built using closed source products of American companies. It still doesn't effectively prevent the lock-in or worries in case of a geopolitical spat for EU in reality but only on the papers.

To be honest, I am open to open sourcing much of my products (ideologically) but the problems I feel in open source is that its hard to even make a developer salary comparatively even in India.

Open source definitely needs more funding. Probably EU can fund Open source without any bias could be great too?