{"id":234179,"date":"2023-03-24T20:30:20","date_gmt":"2023-03-24T15:00:20","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=234179"},"modified":"2023-03-24T20:30:20","modified_gmt":"2023-03-24T15:00:20","slug":"phone-a-friend-friend-shoring-is-a-chance-for-india-to-get-deeply-into-telecom-supply-chains-but-trade-needs-to-be-more-open","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/phone-a-friend-friend-shoring-is-a-chance-for-india-to-get-deeply-into-telecom-supply-chains-but-trade-needs-to-be-more-open\/","title":{"rendered":"Phone A Friend Friend-shoring is a chance for India to get deeply into telecom supply chains. But trade needs to be more open"},"content":{"rendered":"\n<p><strong>S<\/strong><strong>ource<\/strong>: The post is based on the article\u00a0<strong>\u201cPhone A Friend Friend-shoring is a chance for India to get deeply into telecom supply chains. But trade needs to be more open<\/strong><strong>\u201d\u00a0<\/strong>published in\u00a0<strong>The Times of India <\/strong>on\u00a0<strong>24th March 2023<\/strong>.<\/p>\n<p><strong>Syllabus<\/strong>: GS \u2013 3: Infrastructure: Energy, Ports, Roads, Airports, Railways etc.<\/p>\n<p><strong>Relevance<\/strong>: About telecom supply chains.<\/p>\n<p><strong>News<\/strong>: The <strong><a href=\"https:\/\/forumias.com\/blog\/india-signs-host-country-agreement-with-the-international-telecommunication-union-for-establishment-of-area-office-innovation-center-at-new-delhi\/\">International Telecommunication Union (ITU)<\/a><\/strong> has opened an area office and innovation centre in India. Further, India has also launched the domestic 6G test bed.<\/p>\n<h2>About telecom supply chains<\/h2>\n<p>China has a significant share in the supply chains of many products. Apart from that, Vietnam also has a significant presence in supply chains.<\/p>\n<p>Apart from Asia, Mexico has the advantage of an FTA with both the US and Canada.<\/p>\n<h2>How India is improving its telecom supply chains?<\/h2>\n<p>India\u2019s trustworthiness is in sync with the phenomenon of friend-shoring.<\/p>\n<p><strong>Note<\/strong>: Friend-shoring is a concept where supply chain relocation is influenced by similar values.<\/p>\n<p>In addition to making rapid progress in key measures such as logistics and human capital, India&#8217;s trade policy has seen it join critical regional trade agreements such as RCEP and CPTPP.<\/p>\n<p>On the manufacturing side, India has <strong>a) <a href=\"https:\/\/forumias.com\/blog\/answered-the-production-linked-incentive-pli-scheme-has-been-a-game-changer-for-exports-from-india-substantiate\/\">Production-linked Incentive (PLI) schemes<\/a><\/strong>, which incentivise companies through a subsidy to offset other disadvantages, <strong>b)<\/strong>\u00a0States separately offer incentives to attract manufacturing investments.<\/p>\n<h2>What needs to be done to further improve telecom supply chains?<\/h2>\n<p><strong>Leverage market<\/strong>: An industrial policy that encourages manufacturing is essential but the returns may be limited. For example, Taiwan\u2019s technology investment in China was around 33% since 2012. Though the investment has plateaued, Taiwan&#8217;s deep specialisation characteristic of technology supply chains makes relocation slow-paced.<\/p>\n<p>Hence, India needs to leverage the scale of its market and the overall economy.<\/p>\n<p><strong>Open trade policy<\/strong>: Open trade policy is needed for increasing the quantum of manufacturing investments in India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article\u00a0\u201cPhone A Friend Friend-shoring is a chance for India to get deeply into telecom supply chains. But trade needs to be more open\u201d\u00a0published in\u00a0The Times of India on\u00a024th March 2023. Syllabus: GS \u2013 3: Infrastructure: Energy, Ports, Roads, Airports, Railways etc. Relevance: About telecom supply chains. News: The&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/phone-a-friend-friend-shoring-is-a-chance-for-india-to-get-deeply-into-telecom-supply-chains-but-trade-needs-to-be-more-open\/\">Continue reading <span class=\"screen-reader-text\">Phone A Friend Friend-shoring is a chance for India to get deeply into telecom supply chains. But trade needs to be more open<\/span><\/a><\/p>\n","protected":false},"author":10311,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[216,10496],"class_list":["post-234179","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-gs-paper-3","tag-times-of-india","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704802473},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/234179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10311"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=234179"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/234179\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=234179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=234179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=234179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}