New Delhi, Sep 20 (FN Agency) The triple R’s approach of robustness, resilience and reliability signify the precepts of a successful supply chain paradigm, Union Civil Aviation Minister Jyotiraditya Scindia said on Tuesday. “I believe that in India, today, we are creating that ecosystem for supply chains,” he said, alluding to “changes taking place across the three most important fronts related to supply chain.” He was addressing a session on Future Ready Supply Chains at LEADS-2022, organised by FICCI here.
“The first is policy,” the minister said, pointing to PM GatiShakti framework, “wherein you have close to 16 line ministries working together to put infrastructure projects online.” Scindia then alluded to the “robust CAPEX pipeline” and the PLI scheme “to really power India as a manufacturing base of the world,” followed by the recently launched National Logistics Policy that “puts a new impetus on the logistics front.” He noted that the logistics sector in India, which is close to about USD200 billion today, should grow at a 10 per cent CAGR, growing to almost a $320 billion industry by 2025. “The final area is the diplomatic front. We are engaging with various countries across the globe, putting in place bilateral and trilateral rules to ensure that we give a fillip to our manufacturing sector services sector in India,” he said.