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Companies Building Stable Supply Chains to Cope with Pandemic-Level Crises: Harsh Shringla | India News


India presents a value proposition in three specific areas of new and emerging technologies, an opportunity for risk reduction and diversification of global economies, and a global promise to help combat climate change.
Speaking at a think tank, India Public Affairs Forum, on Thursday, Foreign Secretary Harsh Shringla said the current global environment is “highly complex, multi-layered and multi-dimensional. Simple equations and binaries have been, to use an analogy, replaced by complicated algorithms. We must, in an environment like this, build the capacities that allow us to maintain autonomy of decision. We must focus on acquiring a leadership role that allows us to participate and contribute to the emerging world order ”.
Given this environment, India, he said, presents a unique opportunity for investment and engagement.
India “with its emphasis on education and innovation is well positioned to harness this transformation” towards a knowledge economy. “Production in such an economy will be driven as much by new technologies and digital processes as it is by agriculture and goods and services.”
The second chance, he said, for the world comes from a perceived need to “reduce risks and diversify supply chains” on the basis of trust and transparency.
“Companies are trying to create secure and stable supply chains that can cope with pandemic-level crises,” he said. “A number of talks are underway, such as the joint supply chain resilience initiative of India, Australia and Japan.” The Quad summit also focused on building reliable supply chains.
The third area of ​​opportunity India presents is climate, Shringla said. “India is among the first nations with climate ambition. Despite our development challenges, we have taken important initiatives in the areas of clean energy, energy efficiency, forestry and biodiversity ”.
India, he said, will not only meet its Paris engagement targets, it will exceed them. “According to Climate Action Tracker, India is the only G20 country with targets” compatible with 2 ° C. “The Climate Change Performance Index 2021, which tracks the performance of climate protection, ranks India as a high-performing country. “.

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