Tribune News Service
New Delhi, February 28
India will see more engagements with Europe on issues related to security, the Indo-Pacific and supply chain resilience, observed Foreign Secretary Harsh
Updated: Monday, March 1, 2021, 11:22 [IST]
New Delhi, Mar 01: The current bilateral trade with China at USD 78 billion is heavily tiled in its favour and this would need a reset, Foreign Secretary Harsh Shringla said.
India on its part is simultaneously working on diversifying its sourcing to ensure a more resilient supply chain in the future, he also said.
Foreign Secretary Harsh Vardhan Shringla
He was speaking at the penultimate panel discussion titled India as Global Partner at the fifth Asia Economic Dialogue (AED) 2021, jointly hosted by the Ministry of External Affairs and the Pune International Centre (PIC).
On the Indo-US relations, Shringla said that India had an element of continuity with the US and that Prime Minister Narendra Modi had close relations with former presidents, Barack Obama and Donald Trump.
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Bajaj Auto is already working through partners to enter the three or four ASEAN markets where the company is not present as these are strongholds for Japanese companies.
Need to reset trade ties with China, says Foreign Secretary Shringla
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India focussing on ensuring resilient supply chain, diversifying trade dependencies
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Foreign Secretary Harsh Vardhan Shringla has arrived in Moscow for talks with top Russian officials. Photo: Twitter/@IndEmbMoscow
India focussing on ensuring resilient supply chain, diversifying trade dependencies
Remarking that a normal bilateral trade relationship with China was contingent on peace and tranquillity on other fronts, Indian Foreign Secretary H.V. Shringla on Sunday said the country was looking to diversify its trade dependencies.
“The current bilateral trade with China at $78 billion is heavily tilted in the latter’s favour and that will need a reset. India on its part is simultaneously working on diversifying its sourcing to ensure a more resilient supply chain in the future,” said the Foreign Secretary.