India, along with 12 other countries, has signed a supply chain resilience agreement aimed at reducing their dependence on China. The agreement aims to strengthen and diversify supply chains, ensuring greater resilience in times of disruptions. It will help member countries like India reduce their vulnerability and enhance supply chain security. The move comes as many countries are re-evaluating their reliance on China due to various factors such as geopolitical tensions and the COVID-19 pandemic. The newly formed agreement is expected to provide alternatives and options for countries to reduce their dependence on a single country for critical supplies and goods. As part of the agreement, member countries will work towards identifying key sectors and products where they can collaborate to build robust and reliable supply chains. They will also explore avenues for technological cooperation and capacity building. The agreement is seen as a significant step towards creating a more resilient and sustainable global supply chain network. It will not only help countries mitigate risks but also create a more balanced and competitive trading environment. India, with its vast manufacturing capabilities and growing influence in the global market, is expected to play a crucial role in promoting supply chain resilience. By diversifying its supply sources and strengthening domestic manufacturing capabilities, India can reduce its reliance on China and enhance its position as a reliable and preferred trade partner. The agreement also aligns with India’s vision of becoming self-reliant and strengthening its economy. It provides an opportunity for Indian companies to expand their footprint in global supply chains and attract more investments. Overall, the supply chain resilience agreement presents a new pathway for countries to recalibrate their supply chains and reduce their dependence on China. It reflects a growing recognition of the need for diversification and risk mitigation in global trade. As the world becomes increasingly interconnected and interdependent, ensuring the resilience and security of supply chains is crucial for economic growth and stability.