India will drive global trade post Covid, writes DP World chief

SourceZawya
SectorEconomy
CountryMiddle east

India is poised to take advantage of the supply chain shifts triggered by Covid, and knows it.Its recent trilateral Supply Chain Resilience initiative along with Australia and Japan is a potentially game-changing opportunity to solidify its strategic position in the Indo-Pacific region. And the country is displaying remarkable strength across its 17 so-called 'Champion Sectors' - such as textiles and biotechnology - as it continues to move up the value chain with first-world markets.I have been impressed and motivated by India as it continues to fuel its vision of a more competitive future in the global trade economy.In March, Prime Minister Narendra Modi's government announced incentives for 'niche' firms such as electronic manufacturers that have already attracted $1.5 billion of investments from more than twenty companies, including the likes of ...read more...