COVID-19 has shown that the global supply chain is overly dependent on any single source, said Prime Minister Narendra Modi in an obvious reference to China. Prime Minister Modi made the remarks during a virtual bilateral summit with his Danish counterpart, Mete Frederiksen.
The prime minister added that India is working with Australia and Japan to diversify the supply chain, noting that unanimous countries are welcome to join the initiative.
“The pandemic has shown the risk of over-reliance on the global supply chain from any source,”
India is trying to attract companies that want to move from China after the coronavirus outbreak.
The government has already cut taxes on companies among the lowest in Asia, trying to attract new investment in an economy that is shrinking for the first time in more than four decades this year.
The virus first appeared in the Chinese city of Wuhan in December last year, before spreading around the world.
The statement comes at a time when the country is in a military confrontation with China over de facto control in eastern Ladakh.
The Indian military recently decided to maintain its current armaments in all key areas in eastern Ladakh during the winter months, as there were no signs of a speedy resolution of the border dispute with China.