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'Self-reliant' India can be global nerve centre of supply chains: Shringla.
May 22, 2020

The novel coronavirus pandemic has given India the opportunity to be seen as a developing country with a demonstrated ability to take the lead in evolving regional and global strategies for recovery, foreign secretary Harsh Vardhan Shringla said Thursday.
Addressing the Federation of Indian Chambers of Commerce and Industry in New Delhi, Shringla said the pandemic had caused countries to look at localizing their production and supply chains to mitigate the disruptive effects of the covid-19 crisis as well as other challenges.
'A major economic opportunity for India will arise from the drive to diversify global supply chains. The attractions of investing in India are obvious. It is a major opportunity and needs to be grasped,' he said.

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