Supply Chain Resilience Initiative (SCRI)
The Trade Ministers of India, Japan and Australia have formally launched the Supply Chain Resilience Initiative (SCRI).
- The SCRI aims to create a virtuous cycle of enhancing supply chain resilience with a view to eventually attaining strong, sustainable, balanced and inclusive growth in the Indo-Pacific region.
- The trio (India, Japan and Australia) along with the US makes Quad grouping.
About SCRI
- In the context of international trade, supply chain resilience is an approach that helps a country to ensure that it has diversified its supply risk across a clutch of supplying nations instead of being dependent on just one or a few.
- The ....
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