Prime Minister Modi made the remarks during a virtual bilateral summit with his Danish counterpart.
New Delhi:
COVID-19 has shown that the over-reliance of the global supply chain on a single source is risky, Prime Minister Narendra Modi said in an apparent reference to China. Prime Minister Modi made the remarks during a virtual bilateral summit with his Danish counterpart, Mette Frederiksen.
The prime minister added that India is working with Australia and Japan to diversify the supply chain, noting like-minded countries are invited to join the initiative.
“The pandemic has shown the risk of over-reliance of the global supply chain on a single source,” Prime Minister Modi said without naming any country or source.
India is looking to attract companies looking to relocate from China in the wake of the coronavirus outbreak.
The government has already lowered some of the lowest business taxes in Asia, seeking to attract new investment in an economy that marked its first contraction in more than four decades this year.
The virus first appeared in the Chinese city of Wuhan in December last year before spreading across the world.
The statement comes at a time when the country is embroiled in a military standoff with China along the line of effective control in eastern Ladakh.
Recently, the Indian military decided to maintain its current strength in all key areas of eastern Ladakh during the winter months, as there was no sign of an early resolution of the border dispute with China.
