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Indian Economy - Understanding the basics of Indian economic system
Apart from India, which of the following countries are members of Supply Chain Resilience Initiative (SCRI), launched in the year 2021?
USA and Japan
China and Russia
Japan and Australia
Australia and USA
Option c is correct: The Trade Ministers of India, Japan and Australia formally launched the Supply Chain Resilience Initiative (SCRI) in a Trilateral Ministerial Meeting held virtually in April, 2021. The initiative has been launched for risk management and continuity plans in order to avoid supply chain disruptions and to strengthen resilient supply chains. Possible policy measures may include: supporting the enhanced utilization of digital technology and supporting trade and investment diversification. The other initiatives of SCRI also includes- (i) sharing of best practices on supply chain resilience; and (ii) holding investment promotion events and buyer-seller matching events to provide opportunities for stakeholders to explore the possibility of diversification of their supply chains.
By: Parvesh Mehta ProfileResourcesReport error
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