How can the government ensure the supply chain security of critical raw materials through international collaboration
India to work with EU on developing modern tech, secure critical raw material supply chain: Piyush Goyal
- Establishing strategic partnerships with key raw material-producing countries to secure a stable supply.
- Developing transparent regulations and trade agreements to facilitate smooth international trade.
- Investing in research and development to diversify sources of critical raw materials.
- Sharing best practices and technological advancements with international partners to enhance supply chain security.
- Promoting sustainable practices to ensure responsible sourcing of critical raw materials.
- Creating contingency plans and supply chain resilience strategies to mitigate disruptions.
- Collaborating on data sharing and intelligence gathering to identify potential risks and threats to the supply chain.
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3 months ago