Source: Economic Times
Context: India has been elected as the Vice-Chair of the Supply Chain Council under the Indo-Pacific Economic Framework (IPEF).
- The council was established as part of the IPEF Supply Chain Resilience Agreement, which aims to mitigate risks of economic disruptions due to supply chain shocks, enhance crisis coordination, and reduce dependence on China.
- The council’s mission is to undertake targeted, action-oriented initiatives to bolster supply chains for sectors and goods vital to national security, public health, and economic well-being.
