New Delhi: The Government has taken several steps, including strengthening domestic manufacturing and promoting trade ties, with some trading partners, to ensure reliable and adequate supply chains- an ongoing process based on the changing requirements in a dynamic world.
The existing Trade Agreements also ensure seamless supplies for the domestic manufacturing sector on preferential terms.
Further, a review of some of the existing Agreements along with few bilateral trade negotiations with several countries has been initiated.
We have entered into a Supply Chain Resilience Initiative (SCRI) with Japan and Australia to enhance the resilience of supply chains in the Indo-Pacific Region.
In April-June 2021, India’s Merchandise exports accorded a substantial growth which was USD 95.39 Billion, exhibiting a positive growth of 85.88 percent over the same period last year and a positive growth of 17.90 percent over April-June 2019, across commodity groups such as Engineering goods, Petroleum products, Gems &Jewellery, Organic & Inorganic Chemicals, Textile & Garments, Electronic goods, Plastic & Linoleum, etc across the nation.
This information was provided by the Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel, in a written reply in the Lok Sabha today.