The Best of India and the World

Dear Readers,

Those miniscule chips called Semiconductors, an essential component for anything digital – from cars to mobile phones and more – is now driving geopolitics. India aims to create a new global supply chain of semiconductors that is currently dominated by Taiwan, whose sovereignty is questioned by China. Global semiconductor majors Foxconn, Micron Technology, Applied Materials, SEMI and Cadence and AMD bullish on India as a manufacturing base and a key global market driver.

India also joined the 14 member Minerals Security Partnership, led by the U.S. that will help emerging sectors like electric vehicles and new age electronics. India is also signing the Artemis Accords and promoting stronger ISRO-NASA collaboration. It is visible also in the creation of a joint Indo-US Quantum Coordination Mechanism.

With ambitions to be firmly entrenched in critical global value chains, Indian Government has been pushing the manufacturing sector, with initiatives like Make in India, Aatmanirbhar Bharat, Skill India, and Digital India, as well as the Production-Linked Incentive (PLI) schemes in 14 critical sectors. India does have all the necessary will and global support to be a big player in the supply chain shift from China.

While the global stage calls, our CSCOs delve into the intricacies and best-case scenarios for developing a resilient and customer-centric supply chain.

Our article under Focus section looks at circularity in tire supply chains and the second one deep dives into how Environmental, Social, and Governance (ESG) initiatives can ensure long-term business sustainability and success.

There is a lot in this issue, so read on.

Charulata Bansal Publisher

Charulata.bansal@celerityin.com www.supplychaintribe.com