Question

Q. The Supply Chain Resilience Initiative(SCRI) has been launched by which of the following countries?

Select the correct answer using the code given below:

• A. 1 and 2 only
• B. 1, 3 and 4 only
• C. 1 and 3 only
• D. 1, 2 and 5 only

Answer 1

The correct option is B 1, 3 and 4 only

Explanation:

• The SCRI aims to create a virtuous cycle of enhancing supply chain resilience with a view to eventually attain strong, sustainable, balanced and inclusive growth in the region.
• It aims to avoid supply chain disruptions and in the process reduce China’s dominance of the supply chain in the region. It is an important part of making India part of the global supply chain as part of the Atmanirbhar Bharat Initiative
• It was launched by the trade ministers of India, Japan, and Australia. Some of the measures being considered include: (i) supporting the enhanced utilization of digital technology; and (ii) supporting trade and investment diversification