Daily O

Why India has to plan a marathon and not a sprint in attracting global supply chains

Global investors are looking for the best return on capital, access to skilled labour, robust infrastructure which can support operations at a competitive cost, and regulatory certainty.

The Covid-19 pandemic has hit the global economy at an unprecedented scale and speed. Essential preventive measures led to the shutdown of offices, the stoppage of factory outputs, and disruption to global industries and their supply networks. Major industries including automotive, plastics and rubber, electronic equipment, pharmaceuticals, and medical equipment have been considerably affected. According to the World Bank, Global Value Chains (GVCs) are responsible for more than two-thirds of the world trade. The unfolding pandemic is deeply impacting the global manufacturing exports, reducing them by about US $230 billion due to significant supply chain disruptions.

International borders are closed for most countries, and businesses are reeling under the pressure of limited availability of raw material and

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