PM Modi calls for diversification of global supply chains 

PM Modi calls for diversification of global supply chains 

Prime Minister Narendra Modi on September 28 said that COVID-19 has shown that excess dependency of the global supply chain on a single source is risky. “COVID-19 has shown that excess dependency of the global supply chain on a single source is risky. We’re working with Japan and Australia towards supply-chain diversification and resilience. Other like-minded countries can join this effort,” said Modi.

He said India is working with Japan and Australia for supply-chain diversification and resilience and other like-minded countries can also join in this effort.COVID-19 originated in the Chinese city of Wuhan and many companies are planning to shift their manufacturing bases from China.

The events of the past few months have made it clear that how important it is for like-minded countries, who share rules-based, transparent, humanitarian and democratic value-system, to work together,’ the Prime Minister said.

‘COVID-19 has shown that it is risky to rely excessively on any single source of global supply chains. We are working together with Japan and Australia for supply-chain diversification and resilience. Other like-minded countries can also join this effort,’ he added.

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