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Lack of standardization, quick export-import processes leaving India behind in technologymanufacture.


Date: 24-03-2022
Subject: Lack of standardization, quick export-import processes leaving India behind in technologymanufacture
In the last two years, the pandemic has fuelled the need for self-sustenance and further de-globalisation of production networks in order to reduce industry-level vulnerabilities. At the same time, it has also laid bare India’s piecemeal approach in increasing its meager contribution to the global value chain (GVC).

Citing a reason for India’s near non-participation in GVC, Mithileshwar Thakur, Additional Director General, Ministry of Commerce and Industry, said India cannot ensure fast ..

Source :Economic Times


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