India, Japan, Australia to launch Supply Chain Resilience Initiative(SCRI)

Posted on August 21st, 2020 Last modified on August 21st, 2020 Comments

sfg-2026

ForumIAS LATEST

1. 1. FRC 2027: SFG Residential program | accepting application for Tranche-2 Click Here to know more →
  2. CSAT Classes for Prelims 2027 by Rishi Bhargav sir starts 16 Nov. at 5 PM Click Here to know more →
  3. Prelims Sprint classes 2027: Starts 2nd Nov. at 4:30 PM | First class open to all. Click Here to know more →

News: India, Japan and Australia have begun discussions on launching a trilateral Supply Chain Resilience Initiative(SCRI) to reduce the dependency on China.

Facts:

SCRI: The aim of the initiative is to attract foreign direct investment to turn the Indo-Pacific region into an economic powerhouse and to build mutually complementary relationships among partner countries.
Significance:. The initiative is a direct response to companies that are concerned about Chinese political behaviour and disruption to the supply chain.

Print Friendly and PDF