SUPPLY CHAIN RESILIENCE INITIATIVE (SCRI)

April 28, 2021

India, Japan and Australia formally launched the Supply Chain Resilience Initiative (SCRI) to build resilient supply chains in the Indo-Pacific region as they seek to reduce dependence on China.

About:

  • 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 region.

  • Expansion of the SCRI may be considered based on consensus, if needed, in due course.

Source : LiveMint