India must seize global supply chain disruption as opportunity: Amitabh Kant

Former NITI Aayog CEO Amitabh Kant has emphasized the need for India to take advantage of ongoing global supply chain disruptions to enhance its manufacturing and trade capabilities. He believes that by investing in infrastructure, digitalization, and policy reforms, India can strengthen its position as a key global supplier. The COVID-19 pandemic, geopolitical tensions, and shifting trade policies have led companies to diversify their supply chains, providing India with a unique opportunity to attract investments.

Kant highlighted India’s robust industrial base, skilled workforce, and government initiatives such as the Production-Linked Incentive (PLI) scheme, which aims to boost domestic manufacturing. He stressed that companies must adopt new technologies like AI, IoT, and blockchain to improve supply chain resilience. Additionally, he urged policymakers to enhance ease of doing business, reduce logistical inefficiencies, and invest in multimodal transport networks.

With global firms seeking alternatives to China, India has the potential to become a preferred manufacturing hub. However, overcoming bureaucratic hurdles, improving trade infrastructure, and ensuring policy stability are crucial for long-term success. Kant’s vision aligns with India’s goal of becoming a $5 trillion economy, leveraging supply chain disruptions as a strategic growth driver.