42.9 C
New Delhi

Reconstructing & Reshaping Global Supply Chain post Global Pandemic


Share post:

Reconstructing & Reshaping Global Supply Chain post Global Pandemic

The lab engineered global pandemic had caused supply chain shocks as the flow of materials was disrupted and the search for alternative supply chain destination started in wake of escalating conflict between China & the democratic free world.

And India with the GDP of $2.6 Trillion emerged as viable alternative with large untapped capacity to absorb the supply chain vaccum created by possible exodus of companies from China. America being the largest economy and vibrant democracy found India the world’s largest democracy, being natural partner with highly skilled English speaking workforce and the economy which is poised to grow at $5 Trillion with rising disposable income.

In the gloom caused by COVID 19 India has emerged as global pharmacy of the world. Adapting to the situation and global demand India initially exported hydroxychloroquine, paracetamol to over 40 countries. The pharma sector known for its innovation and producing high quality medicine at low cost also arose to occassion to expedite human clinical trials for COVID-19 Vaccine. India is the largest producer of vaccines in the world with 60 percent of vaccines supplied in the world. Serum Institute of India is the worlds largest vaccine manufacturer, Bharat Biotech, Biological E Ltd,Aurobindo Pharma,Dr Reddy’s and Hetero have been involved in vaccine development & manufacturing process. The companies have scaled up cold-chain infrastructure for vaccine transportation.

With the proven track record of India being largest producers of drugs both in value and volume terms, and has the second-largest number of Food and Drug Administration (FDA), the Indian Vaccines command reputations for its safety and efficacy owing to rigorous quality controls & record of successful mass immunization programs for hundreds of millions of people at home against other diseases.

India also demonstrated of developing indigenous supply chain of Personal Protective Equipment (PPE) kits during pandemic within two months to become ₹10,000-crore industry. And the domestic ventilator industry has supplied 96% of 60,000 ordered by the Union Govt and due to cost advantage the the life saving medical equipments has huge export potential.

And sensing the opportunity major global corporations are looking for new growth drivers with India’s domestic market to capitalize on the growing opportunity. Under the Aatmanirbhar Bharat Initiave drive of Union Govt and along with strong progressive leadership in Uttar Pradesh around 100 multi national corporations like Lockheed Martin, Adobe, Honeywell, Boston Scientific,Cisco Systems,UPS,FedEx, Mastercard etc were looking to relocate their operations from China to the state due to creation of a robust support infrastructure in terms of roads, water supply, irrigation capacity and 24×7 power supply.

Smartphone major Samsung has decided to invest Rs.4825 crore to shift China mobile display factory to NCR in Uttar Pradesh after establishing manufacturing unit in Noida in 2018.

Apple contract manufacturers Foxconn, Hon Hai, Wistron, Pegatron are also looking to establish their manufacturing bases in India with planned investment of $900 Million to manufacture iPhone 12 Series in India.

Apart from American companies Japanese companies with expertise in infrastructure, energy and manufacturing are looking to scale up their investment plans in India. The Delhi–Mumbai Industrial Corridor Project (DMIC) & Mumbai–Ahmedabad High Speed Rail Corridor built with Japanese expertise & funding is likely to be operational by 2021.

UAE has sealed pact with India to invest $7 Billion in agriculture sector with plan to use India as a food security base. The investment will benefit around 2 million Indian farmers creating additional 200,000 jobs through the establishment of logistical infrastructure & agricultural projects. And the UAE based Lulu Group International has announced to plan to set up a food processing centre in Srinagar. Apart from Agriculture the country sovereign wealth funds are actively investing in India’s infrastructure projects as well.

And India has become preferred investment decision with many more countries in the west with United Kingdom looking to the UK is looking for a biggest BREXIT trade deal with India which could be worth up to £100 billion. India has inked defense pact with France and Indian and French defence enterprises have entered into arrangements for co-development and co-production of defence equipment in India. The trade is likely to increase to $16.7 Billion by 2022 between two nations.

And Union Minister Nitin Gadkari announced that Tesla will be coming to India in early 2021. The company has announced it will set up manufacturing and assembly lines in India for its electric car manufacturing and battery storage production in the future. And to develop 5G enabled Infrastructure JIO platforms have raised around Rs. 1,50,161 crores by diluting 32.55% stake to Facebook, Silver lake, VISTA, General Atlantic, KKR, Mubadala, Abu Dhabi Investment Authority, TPG,L. Catterton,Public Investment Fund of Saudi Arabia,Qualcomm, Google. The telecom giant is set for big leap in future new age technologies like cloud computing, IOT, Robotics Process Automation, Artificial Intelligence, AR, VR due to investment from tech majors.

All these developments show that India has become preferred investment destination in the wake of foreign policy which is driven to improve bilateral ties and stich multilateral arrangements like Indo Pacific alliance to establish itself as responsible global power & check the Chinese expansionist agenda.

Everybody has an opinion. Do they, however, truly matter? These days, blending various viewpoints has resulted in the development of hazardous concoctions of perspectives. The true goal, however, was to cultivate serious intellectual revolutions that would influence the people and create a community that might affect global change. About Umesh Agarwal Umesh Agarwal, a conscientious Indian citizen active in media and volunteer work, thinks that young people in India need to become more aware of both spoken and unsaid global events. An entrepreneur by trade, a commerce graduate by education, and a veteran of the information technology three-tier architecture industry, He has made it his mission to increase public understanding of global current affairs, macro and microeconomics, heritage, international relations, history, and economic affairs. He is a renowned geopolitical expert, visionary, and astute opinion leader. He is passionate about analysing current events and reporting on them in a variety of international publications, including Trunicle, USApolitico, Keatley, and BharatVoice. Many of his writings went viral and attracted the attention of international celebrities who commented on them. VISION Umesh queries, "Is it easy to be vocal and politically opinionated with numerous avenues of information like print media, live websites, and interactions on social media. But the crucial query is: Are we expanding our thinking? Can we uncover facts buried in layers? Are we capable of fully comprehending the political game of cards?” He frequently states that In today’s capitalist society, if we don't teach the next generation how to protect themselves from the tragedies of bureaucratic conspiracies, they might never learn to protect themselves and make big decisions. VOLUNTEERING WORK Along with his involvement with numerous charitable organisations, he had managed multispecialty day care diagnostic and cancer detection centres that serve more than 100,000 people in Chennai. Having participated in numerous humanitarian and social organisations as a contributor. INDIACHRONICLE With the vision of promoting transparency and empowering the youth , he has launched a mediahouse- IndiaChronicle.in, a new centrist journal designed to promote educated debate and offer insightful information on the many areas that influence our society. India Chronicle seeks to fill in the gaps in public conversation by offering a fair-minded and complex viewpoint on important topics. Our readership is made up of a diverse group of people, including decision-makers, academics, workers, and active citizens who seek insightful information. Its time that we think of the persistent little contributions that make us a more responsible individual and a global citizen. Follow on Email : ukagarwal@gmail.com Facebook : https://www.facebook.com/ukagarwal Twitter : https://twitter.com/ukagarwal Linked In : https://www.linkedin.com/in/ukagarwal/ YouTube : https://www.youtube.com/@ukagarwal Instagram : https://www.instagram.com/ukagarwal2k2/


Please enter your comment!
Please enter your name here

Related articles

Massive Push to Make In India – Once our Biggest Exporter of Arms, Russia buys Weapons worth 4 Billion USD from India

Exporters in Russia, who started trading with India using Indian rupees, have recently spent nearly $4 billion to...

ED recovered ‘personal chats’ between Kejriwal and hawala operators, names him as Accused in Delhi Liquor Policy Case

In a major development, the Enforcement directorate has informed Supreme Court today that personal chats between Arvind Kejriwal...

SHOCKING NEWS – Illegal Myanmar Nationals outnumber locals in 8 villages, claims Manipur MLA

BJP MLA Paolienlal Haokip, who is among the 10 Kuki-Zo MLAs behind the push for carving out a...

Massive embarrassment for USA in Khalistani Pannun ‘Killing Plot’ Case: Russia backs India, Czech Republic stays extradition of Indian National Nikhil Gupta

Russian Foreign Ministry has challenged US claims of Indian involvement in the foiled assassination plot against Khalistan terrorist...