Published Paper Details:

The ability of a supply chain to withstand and bounce back is what makes it robust. This entails being able to minimize the majority of supply chain interruptions and significantly lessen their effects when they do occur. Numerous supply chain components, as well as business resilience at the end, can be endangered by operational risk and disruption. Global catastrophes, like the COVID-19 pandemic, can have a profound effect on supply chain operations, suppliers, and labor forces. Unexpected competition, abrupt market movements, or even sharp shifts in consumer purchasing habits can all cause additional supply chain disruptions. The Resilient Supply Chain Initiative (RSCI) was established in September 2021 by India, Japan, and Australia to address increasing concerns regarding the excessive reliance on China within global supply chains. This initiative has prompted policymakers and the business community to consider India as a viable alternative for the flow of goods essential to sustaining the global economy. However, realizing this potential will necessitate significant effort. With the help of programs like the National Logistics Policy (NLP) and the Supply Chain Resilience Initiative (SCRI), India is actively attempting to create resilient supply networks. The goal of this concentration is to increase domestic production, lessen dependency on China, and boost trade and economic stability generally. The government is taking a number of actions to lower expenses, boost industry investment, and enhance logistics. India formally became a part of the Supply Chain Resilience Agreement (Pillar-II) in November of 2023. This was done as an important part of the Indo-Pacific Economic Framework for Prosperity (IPEF). This policy consists of 14 other member countries in the same region that are participating. The main of the scheme is to enhance supply chains that are crucial for the national security and economic stability. Further, this paper will help us understand the importance of a resilient supply chain system in India.