With reference to Supply Chain Resilience Initiative (SCRI), consider the following statements

1. It is a trilateral approach to trade, mooted by United States of America with India and Japan as key-partners.
2. The initiative aims to attract foreign direct investment to turn the Indo-Pacific into an economic powerhouse and reduce dependency on a single nation.

Select the correct statement.

• Supply Chain Resilience Initiative (SCRI) is a trilateral approach to trade, mooted by Japan with India and Australia as the key-partners.
• The initiative aims to reduce the dependency on a single nation (at present China).
• SCRI is a direct response to individual companies and economies concerned about Chinese political behavior and the disruption that could lead to the supply chain.
• The initiative, first proposed by Japan with India and Australia as partners, potentially see other Asian and Pacific Rim nations later.
• SCRI aims to attract foreign direct investment to turn the Indo-Pacific into an “economic powerhouse”.

Hence only statement 2nd is correct.

By: Shubham Tiwari