India Elected Vice-Chair of IPEF Supply Chain Council
- On 31st July, 2024, India was elected as vice-chair of the Supply Chain Council under the Indo-Pacific Economic Framework for Prosperity (IPEF), marking a significant role in enhancing regional economic stability.
- The Supply Chain Council is one of three bodies established by the 14-member IPEF bloc to address and strengthen supply chain resilience.
- The council was formed under the IPEF Supply Chain Resilience Agreement, which focuses on mitigating risks from economic disruptions and improving crisis management.
- Key objectives of the council include reducing member countries' dependence on China and ensuring critical sectors are protected against supply chain ....
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