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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
livemint.com / 1 year ago
Indian businesses shouldn't be excessively dependent on one supply chain: Jaishankar on trade with China
In an interactive session at industry chamber ASSOCHAM, Jaishankar, at the same time, said he was not asking the Indian industry to not do business with that country.
To a question on evolving relations with China, he said with that country accounting for 32-33 percent of global manufacturing, it is logical that several supply chains will have to go through China.
«It is a reality which we will have to factor (that) into our calculations.»
«But it is also a fact that if you become excessively dependent on a single supply chain or in the name of supply chain, you open up your market that it is no longer a supply chain, but your sectors are getting hollowed out. You have to be careful,» he said.
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