Post-coronavirus world provides a window of opportunity to India: US
Washington: The United States has said that post-coronavirus world provides a window of opportunity to India as countries are looking to diversify their supply chains.
Alice G Wells, US State Department’s top official for Central and South Asia, said that in the post-pandemic environment, countries are looking at a little bit of de-globalisation, on-shoring of the critical production and there’s a very vigorous effort to diversify supply chains.
She added that this is a real moment of opportunity for India by adopting a more open and welcoming policies by reducing tariffs that allow manufacturing companies inside India to be part of the global supply chain.
Wells said as India is the world’s foremost producer of generic drugs and vaccinations, and is going to be play a critical role.
Responding to a question, Wells said trade is very important part of India-US relationship and the two countries continue to work towards a deal as the bilateral trade between both touched almost USD 150 billion last year.
She added that India is a critical actor, not just for America’s South Asia strategy, but also for the vision of the Pacific region that president Trump put forward in November 2017.