Need to improve domestic supply chains resilience: Goyal

With focus on improving domestic supply chain resilience and reducing dependence on the international supply chains for EXIM trade, Piyush Goyal, Union Minister for Commerce and Industry, said, “Procure locally wherever there is an opportunity so that domestic supply chains are strengthened and become more resilient and dependence on international supply chains is curbed, despite the Covid-19 constraints, which caused massive supply chain disruptions.” He was addressing the ‘Breakfast Session Discussion on Trade 4.0’ in Davos, Switzerland. The minister added that during the pandemic, Indian businesses had displayed resilience, overshooting export targets and achieving USD 421.8 billion worth of exports. Goyal said, “India had responded to every crisis in a timely manner. This responsiveness is a manifestation of the resilience that Indian businesses have to offer and the resilience and confidence of political leadership.”