India Automotive · 15. October 2021

Three major Asian countries India, Japan, and Australia, launched Supply Chain Resilience Initiative or SCRI, with a vision to prioritize certain sectors. The considered sectors include automobiles, petrochemicals, IT services, and others. As a result of this initiative, Japanese giants are shifting their manufacturing hub in India. This move is also encouraged by financial assistance from the Japanese Government and the favorable manufacturing conditions offered by India. Major companies are...