PM Narendra Modi calls for diversification of global supply chains during summit with Denmark's PM Mette Frederiksen

Screengrab from the video conference

New Delhi: Prime Minister Narendra Modi during his virtual summit with Denmark's PM Mette Frederiksen on Monday (September 28, 2020) called for diversification of global supply chain and without taking China's name highlighted how risky it has been to be depended on a "single source".

He said, "COVID-19 has shown us, that global supply chain can't be dependent on a single source and it has been risky". 

PM Modi added, "We are working with Australia and Japan for diversification of the supply chain. Other link minded nations can join us."

Global supply has been China-led, something which has been a cause of worry. 

Earlier this month, India, Australia and Japan announced a supply chain resilience initiative which called for enhancing the resilience of supply chains in the Indo-Pacific region.

PM Modi opined, "The events of the past few months have made it clear that for like-minded countries like us, who share a rules-based, transparent, humanitarian and democratic value-system need to work together."

On coronavirus crisis, he called for collaboration in the like-minded country and said India will leverage its pharma advantage for the benefit of the world.

Denmark's PM Mette Frederiksen said, "the summit is a milestone for our bilateral relations, on an important and forward-looking agreement on the green strategic partnership".

India and Denmark have also agreed on 2nd India Nordic countries summit. The first such summit took place in 2018 in Stockholm. This is the 4th virtual meet of Indian PM due to the pandemic. He has already met the leaders of Australia, EU and Sri Lanka.