Jaishankar urges resilient supply chains with Latin America

External Affairs Minister S. Jaishankar spoke about the need for strong and dependable supply chains. He made these comments during the 10th CII India-LAC Business Conclave in New Delhi. Jaishankar noted that the world is facing uncertain times due to the ongoing effects of the COVID pandemic and the conflict in Ukraine. He explained that developing countries are especially affected by these challenges, particularly regarding issues of food, fuel, and fertilizer security. The rising costs of borrowing have added to these difficulties. He stressed that there is a need to reduce risks in the global economy by avoiding dependence on a single area. Jaishankar highlighted the importance of India's collaboration with countries in Latin America and the Caribbean to improve health security. The minister suggested several ways to enhance cooperation, such as increasing technology sharing, aligning regulations, and promoting the movement of skilled workers. He also emphasized the role of Latin America and the Caribbean in global food security, noting their capacity to produce food for the world. In addition to food security, Jaishankar pointed out the importance of energy security. He mentioned that areas like mining, infrastructure, and defense should also be explored for collaboration. The minister concluded by stating that innovation and startups can create stronger partnerships, which will benefit both India and the LAC region.