The Japanese government has selected eight Indian and Australian projects to be implemented in data, IT, medicine and cold chain marketplace, among others, as part of an agreement to counter China’s supply chain dominance in the Indo-Pacific region.
Six of the eight projects come from India and were selected by Japan on April 25 for the “Program for the Supply Chain Resilience in the Indo-Pacific Region”. The remaining two projects will be carried out in Australia.
These projects will be implemented by March 2023.
“These projects will first conduct a demonstration program to help Japanese companies visualize their supply chains, improve logistics, facilitate trade procedures and diversify their manufacturing bases,” the Japanese embassy said in a statement Thursday.
The development comes a year after India struck a trilateral agreement on the Supply Chain Resilience Initiative (SCRI) with Australia and Japan to improve supply chain resilience in the Indo-Pacific region, develop reliable sources of supply and scout other countries who could join the initiative. It also aims to provide opportunities for stakeholders to build capacity and encourage domestic manufacturing.
One of these projects aims to set up a master database of manufacturing components, allowing access to information across manufacturing processes in order to digitize the drone manufacturing process. Apart from that, other projects will reduce the use of chemical fertilizers and thereby reduce carbon emissions on farmland using satellite data and artificial intelligence.
“Japan and India have worked together to strengthen supply chain resilience and India’s industrial competitiveness. These projects can help promote such political goals between India and Japan,” the statement said.
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