Quad and an opportunity to define India’s economic statecraft Akhil Ramesh © Provided by Hindustan Times Prime Minister Narendra Modi takes part in the First Quad Leaders’ Virtual Summit with US President Joe Biden, Australian PM Scott Morrison and Japanese PM Suga in March. (ANI Archive)
In the last week of April, India, Japan and Australia formally launched the Supply Chain Resilience Initiative (SCRI) to build resilient supply chains in the Indo-Pacific region to reduce their dependence on China. This development comes against the backdrop of the Joe Biden administration, in its first 100 days, expanding the scope of the Quad grouping from a limited conventional security grouping to one with an economic dimension through multiple trade, aid and supply chain initiatives.
Asian supply chain pact takes aim at China | Global Trade Review (GTR)
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Economy > Trade
29 April 2021
Trade ministers of India, Japan and Australia on Tuesday formally launched the Supply Chain Resilience initiative in a trilateral ministerial meeting held virtually. The meeting, held in the backdrop of the Covid-19 pandemic and its worsening impact on trade flows.
Australia’s minister for trade, tourism and investment Dan Tehan, India’s minister for commerce and industry Piyush Goyal and Japan’s minister for economy, trade and industry Kajiyama Hiroshi, also issued a joint statement, which was adopted at the meeting.
The ministers acknowledged that the Covid-19 pandemic was having an unprecedented impact in terms of lives lost, livelihoods and economies affected, and that the pandemic had revealed supply chain vulnerabilities globally and in the region. The ministers also noted that some supply chains have been left vulnerable due to a range of factors.
Japan, Australia and India launch network to strengthen supply chains
AKIPRESS.COM - Japan, Australia and India on April 27 launched a new framework to mutually strengthen their supply chains of cars, medical equipment and other products amid the coronavirus pandemic, in an attempt at relying less on key regional trade partner China, Japan Times reported.
The launch came as the three countries have been working together to address vulnerabilities in the global manufacturing system, which continues to be hit by virus-induced trade disruptions.
In a videoconference, Japan’s Economy, Trade and Industry Minister Hiroshi Kajiyama and his counterparts Dan Tehan of Australia and Piyush Goyal of India said the framework, called the Supply Chain Resilience Initiative, will eventually attain strong, sustainable, balanced and inclusive growth in the region.
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S D Pradhan has served as chairman of India s Joint Intelligence Committee. He has also been the country s deputy national security adviser. He was chairman of the Task Force on Intelligence Mechanism (2008-2010), which was constituted to review the functioning of the intelligence agencies. He has taught at the departments of defence studies and history at the Punjabi University, Patiala. He was also a visiting professor at the University of Illinois, US, in the department of arms control and disarmament studies. The ministry of defence had utilized his services for the preparation of official accounts of the 1971 war and the counterinsurgency operations in the northeast. In the JIC/National Security Council secretariat, he was closely involved with the preparation of the reports of the Kargil Review Committee and the Group of Ministers on national security as also
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