Big manufacturing push: How India is aiming to future proof its supply chains from global conflicts

Building a deep manufacturing base spread across multiple sectors is emerging as a cornerstone of India’s strategy to future proof itself against supply chain disruptions caused by geopolitical disruptions. Reports suggest that the government is working on identifying an extensive list of products for a fresh manufacturing push .

The move comes at a time when the US-Iran conflict has impacted several industries and thrown fresh light on India’s imports-driven supply chain vulnerabilities. The aim is also to limit the pressure on rupee . The idea is to reduce trade deficit, conserve foreign exchange reserves and also to position India as an alternative global manufacturing hub to China.