Restructuring of global supply chains

restructuring-of-global-supply-chains

21-05-20 05:04:00,

US Secretary of State Mike Pompeo announced that he approached India and the countries of Southeast Asia with a view to restructuring global supply chains.

The aim is not to restore the US trade balance, nor to tackle the consequences of the Covid-19 pandemic, but to thwart China’s development.

Indian Prime Minister Narendra Modi has decided to gear his post-pandemic economic plan towards the reception of Western industries which should gradually be moving out of China.

Facilities will be granted to foreign companies in the fields of electrical equipment, pharmaceuticals, medical devices, electronics, heavy engineering, solar equipment, food processing, chemicals and textiles, which wish to establish themselves in India.

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