Home News Global SCRI: India japan Australia joining hands to boost supply chain and security.

SCRI: India japan Australia joining hands to boost supply chain and security.

Japan's Pm Shinzo Abe and India's Pm Narendra Modi

As the trade war is gradually intensifying between USA and China, it’s ripples can be felt in the international relations between many other countries of the world too.

Currently, the world is witnessing hints of Chinese political and military aggression with countries like India, Japan and Australia. More so importantly, of late, many countries are realising the need for cobbling up strategic alliances to counter any such aggressions from China in the future .

According to many credible reports, it was Japan, which first came up with the idea of Supply Chain Resilience Initiative (SCRI). SCRI promises to reduce the dependency of the world on China. According to a report by The Economic Times, “India, Japan and Australia have begun discussions on launching a trilateral Supply Chain Resilience Initiative (SCRI) to reduce dependency on China, necessitated by Beijing’s aggressive political and military behaviour. “

Dates are being worked out to hold the first trilateral meeting among the trade and commerce ministry of these nations by next week.

Japan ,through its Ministry of Economy, Trade and Industries approached India and pressed on fastening the process .Reports suggest that Tokyo is keen on launching SCRI by November.According to trusted sources, the Govt of India is buckling up for the initiative in the light of the military aggression by the Chinese on the LAC in Ladakh. One can find allusions to such an endeavor in PM Modi’s Independence Day speech -“new focus of athmanirbhar bharat is to make for the world”

As per sources, the SCRI plans to make Indo- Pacific region as an economic superpower by trumping China’s hegemony over the supply chains.
Japan has a two-fold objective for the SCRI – Firstly, it can attract Foreign Direct Investment for turning the Indo Pacific region into an economic power hub . Secondly, it can build bilateral relations with other countries and in future SCRI can incorporate other ASEAN countries into its fold too.

As the trade war is gradually intensifying between USA and China, it’s ripples can be felt in the international relations between many other countries of the world too.
Currently, the world is witnessing hints of Chinese political and military aggression with countries like India, Japan and Australia. More so importantly, of late, many countries are realising the need for cobbling up strategic alliances to counter any such aggressions from China in the future .
According to many credible reports, it was Japan, which first came up with the idea of Supply Chain Resilience Initiative (SCRI). SCRI promises to reduce the dependency of the world on China. According to a report by The Economic Times, “India, Japan and Australia have begun discussions on launching a trilateral Supply Chain Resilience Initiative (SCRI) to reduce dependency on China, necessitated by Beijing’s aggressive political and military behaviour. “

Dates are being worked out to hold the first trilateral meeting among the trade and commerce ministry of these nations by next week.
Japan ,through its Ministry of Economy, Trade and Industries approached India and pressed on fastening the process .Reports suggest that Tokyo is keen on launching SCRI by November. According to trusted sources, the Govt of India is buckling up for the initiative in the light of the military aggression by the Chinese on the LAC in Ladakh. One can find allusions to such an endeavor in PM Modi’s Independence Day speech -“new focus of athmanirbhar bharat is to make for the world”

As per sources, the SCRI plans to make Indo- Pacific region as an economic superpower by trumping China’s hegemony over the supply chains.

Japan has a two-fold objective for the SCRI – Firstly, it can attract Foreign Direct Investment for turning the Indo Pacific region into an economic power hub . Secondly, it can build bilateral relations with other countries and in future SCRI can incorporate other ASEAN countries into its fold too.

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