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.