We don't really know the slots distribution in APAC (officially) yet but as far as a lot of orgs/journalists are mentioning, KR/JP seems to be getting most of the slots while SEA gets 3. There are also talks about SA and OCE getting 1 slots each for representation.
The thing to observe here though is the fact that GE does not only have a presence in India, but they used to have rosters from KR/SG and a BootCamp in Korea. If Korea gets 3 slots, which orgs possibly could make it to franchising?
To me only 2 names come to mind immediately - DRX and Damwon. All the other orgs are either smaller than GE or unable to compete with the popularity GE brings. What if GE is not aiming for the SEA/SA slot at all but rather trying to get one of the Korean slots?
All of this is assuming that some huge Korean org is not coming into franchising which does not have a valorant roster at the moment.
In that case, we will have only 1 Indian org (representing from KR), GE does not eat up SEA slots and it opens up opportunities for a possible second unknown org that gets the SA slot or Riot does not give SA a slot at all cause GE already made it. In that case, SEA orgs get 1 extra spot cause GE is out of the picture down south.
All this is speculation but could be a possibility especially because Rushindra (GE's owner) keeps mentioning Korea "Secret Weapon" in his streams.