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India is trying to establish new supply chains to overcome the consequences of COVID-19 and Vietnam is a potential partner in this endeavour, former Secretary General of the Federation of Indian Chambers of Commerce and Industry Sanjaya Baru has said.
"India and Vietnam can work together on establishing new supply chains so that Indian exports to Southeast Asia and East Asia can be enhanced through joint ventures," Baru was quoted as saying by Vietnam Plus.
Regional experts say that both countries hold great potential for cooperation in establishing supply chains. This comes at the backdrop of the COVID-19 pandemic, which adversely impacted both economies and caused disruptions in regional and global supply chains, the Vietnamese publication
Only last December, the two countries signed a dozen cooperation agreements in various fields, including human resources training in information technology, oil and gas processing, at the Vietnam-India Business Forum in New Delhi.
Another Indian analyst Jagannath Panda said Vietnam is an important country in Southeast Asian and Indian supply chain networks.
Panda, the head of the Stockholm Center for South Asian and Indo-Pacific Affairs, praised Vietnam-India ties, which have progressed well and developed into a comprehensive strategic partnership in 2017.
Source: Daily News
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