Prime Minister Narendra Modi on Thursday made a strong pitch to ensure “equitable” competition between large and small vendors in the e-commerce space and empower small enterprises to integrate with global supply chains.
The Prime Minister, in his opening address to the G20 Trade and Investment Ministerial summit, said it was the collective responsibility of these 20 nations to rebuild confidence in international trade and investment processes as the world economy has been tested by the COVID-19 pandemic and geo-political tensions.
“We must build resilient and inclusive global value chains that can withstand future shocks. In this context, India’s proposal to create a Generic Framework for Mapping Global Value Chains is important. This framework aims to assess vulnerabilities, minimise risks, and enhance resilience,” Mr. Modi said.
