1/ Supply Chain Resilience Initiative.
- Australia, India, Japan econ ministers meet
- Initiative to be launched later this year
- Encourage other countries who are like minded on this to join
- Business, academia important in achieving goals
Joint Stmt: pib.gov.in/PressReleasePa…
- Australia, India, Japan econ ministers meet
- Initiative to be launched later this year
- Encourage other countries who are like minded on this to join
- Business, academia important in achieving goals
Joint Stmt: pib.gov.in/PressReleasePa…
2/ #SCRI Australia, India, Japan lay out the landscape:
"In light of the COVID-19 crisis & the recent global-scale changes in the econ & tech landscape, the Ministers underscored the necessity & potential to enhance the resiliency of supply chains in the Indo-Pacific region"
"In light of the COVID-19 crisis & the recent global-scale changes in the econ & tech landscape, the Ministers underscored the necessity & potential to enhance the resiliency of supply chains in the Indo-Pacific region"
3/ #SCRI Australia, India, Japan lay out the goal: "determination to take a lead in delivering a free, fair, inclusive, non-discriminatory, transparent, predictable and stable trade and investment environment and in keeping their markets open" 🇦🇺🇮🇳🇯🇵
4/ Indian minister of commerce & industry @PiyushGoyal participated on India's behalf. Indian stmt: pib.gov.in/PressReleasePa…
5/ Indian minstr re #SCRI & improving competitiveness: "We support the need for specific activities listed for enhancing the resilience of the supply chains which include those related to promotion & facilitating trade and investment as well as diversification of production base"
6/ On other #SCRI candidates, India says parameters to consider:
- similar line of thinking in terms of being reliable and dependable suppliers
- market-oriented policies
- demography
- growth potential
- fiscal state of play incl. existing debt burdens
- geo-political strategy
- similar line of thinking in terms of being reliable and dependable suppliers
- market-oriented policies
- demography
- growth potential
- fiscal state of play incl. existing debt burdens
- geo-political strategy
7/ @the_hindu @bharatkk had an explainer re the "why" of the Supply Chain Resilience Initiative
1 other possible Japanese motive: encouraging econ change/reform in India thru this initiative. Cuz w/o change, even Delhi knows it will miss the boat on this
thehindu.com/business/Econo…
1 other possible Japanese motive: encouraging econ change/reform in India thru this initiative. Cuz w/o change, even Delhi knows it will miss the boat on this
thehindu.com/business/Econo…
