I want to start off this post by saying that I am not racist towards south asians and I have nothing againist south asians. This is mostly my opinion and if it hurts ur feelings too bad, secondly I have lots of family in India and they've given me this info.
Lets start off with GE, GE is a failing company and 100% wont be resigned in 2027, this is because of its lack of a good team, since there is very little good Indian talent that'd put up a fight against t1 teams. This lack of Indian talent has led to a connectionless Indian fanbase to GE, so basically Indians support other teams as they dont see GE as an Indian team and fail to connect with them. So if an Indian VCT team failed how should Riot help grow the indian fan base? They could have a major there! But wait! India isnt the safest country for women so it'd be a struggle to keep them safe as with the players. Imo I feel that I'd be very disrespectful by riot to host a tournament when they cant grantee the players safety. The only way I can see Val make a rise in India is if Riot drops Val Mobile which would boost the popularity crazily as Indians love Mobile games very much.
TLDR; GE doesnt relate to Indian Fans because of its "international" roster, India would be unsafe to hold an esports event as it is hard to keep players safe, and the only way val can make a rise in india if Val mobile releases
Edit: https://x.com/officialvlt/status/1831557179322626303
indian t2 orgs are alr leaving india for philipines