USA: India to use all oppurtunities post-coronavirus world

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The United States has said that post-coronavirus world provides a window of opportunity to India as countries are looking to diversify their supply chains.

Alice G Wells, US State Department’s top official for Central and South Asia, said that in the post-pandemic environment, countries are looking at a little bit of de-globalisation, on-shoring of the critical production and there’s a very vigorous effort to diversify supply chains. Wells said as India is the world’s foremost producer of generic drugs and vaccinations, and is going to be play a critical role.

She added that this is a real moment of opportunity for India by adopting a more open and welcoming policies by reducing tariffs that allow manufacturing companies inside India to be part of the global supply chain.