India Japan Australia Joint Supply Chain Initiative.


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Uploaded on Aug 24, 2020

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PPT on India Japan Australia Joint Supply Chain Initiative.

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India Japan Australia Joint Supply Chain Initiative.

A JAPAN AUS TRALIA INDI AIN JOINT SUPPLY CH INITIATIVE INTRODUCTION • Japan, India and Australia are moving towards a new trilateral effort to ensure global supply chains. • It will reduce dependence on China in the event of another catastrophe like the corona virus occurring in the future. Source: The Guardian SUPPLY CHAIN INITIATIVE • The Supply Chain Resilience Initiative was first proposed by Japan. • The initiative aims to reduce the dependency in China. Japan is to be joined by India and Australia. Source: The Economic Times AIM OF THE INITIATIVE • The main aim of the initiative is to attract foreign direct investment in the Indo-Pacific region. • It also aims to turn the region to an economic powerhouse, also, to build partner relationship between the countries in the region. • The idea of SCRI has been thrown open to the ASEAN countries as well. Source: War on the Rocks HIGHLIGHTS • Japan had already approached the Indian Government about the initiative. • With the aggressive moves of China in the Line of Actual Control, India is to join the initiative. Source: The Economic Times CHINESE POLITICAL BEHAVIOUR • It is a direct response to companies that are concerned about Chinese political behaviour and disruption to supply chain. • The corona virus outbreak has brought to the diversification away from trade and supply chain dependence on China for many countries. Source: Foreign Policy SIGNIFICANCE • With the initiative creating a rigid supply chain in the region, the resilience across Indo-Pacific is to improve. • The businesses now have started seeing India as a “hub for supply chains”. Source: The Economic Times INDIA: A HUB FOR SUPPLY CHAINS • Indian Government appears to have taken the call to become the part of global supply chain and emerge as an alternative to China. • PM Modi mentioned that the businesses are now seeing India as a hub for Supply chains during his speech at the I-Day celebrations, 2020. Source: Supply Chain INDIA-JAPAN-AUSTRALIA • Their geographic locations value the triangular approach to Indo- Pacific Diplomacy.  • The trio’s steps in the Indo-Pacific took place countering China’s actions. Source: IAS Toppers INDIA-JAPAN PARTNERSHIP • India and Japan are building their new partnerships in the areas of security, political and economic cooperation. • There is convergence between Japan’s Free and Open Indo-Pacific Strategy and India’s Act East Policy Source: The Economic Times INDIA-AUSTRALIA PARTNERSHIP • India and Australia conduct anti-submarine warfare exercises. They have also established strong people-to-people links • Australia and Japan have joint ventures that identify India as key third partner, especially those related to Indo-Pacific Region. Source: The Economic Times