The industry body -- Confederation of Indian Industry (CII) has praised the government for its response to disruptions caused by West Asia crisis, and said it is timely, measured and reassuring. It reflects a whole of government approach that has focused on keeping supply chains functional, supporting exporters, protecting households and maintaining macroeconomic stability. Besides, CII pointed that while the policy response has mitigated immediate risks, the evolving situation requires continued coordination between the government and industry. It added that that the present situation represents a supply side disruption, with pressures transmitted through energy costs, logistics and working capital cycles.
In order to mitigate these disruptions and complement the governments, the industry body has come out with a 12-point agenda for India Inc. The 12-point agenda include -- collaboration between industry and government in building strategic reserves and buffer mechanisms for critical raw materials, fuels and intermediate goods; maintaining price stability by ensuring that the benefits of stable fuel prices and moderated logistics costs are transmitted to end consumers and downstream partners; strengthening the supply chain resilience by identifying alternative sourcing corridors; accelerating investments in energy transition, including renewables, green hydrogen and industrial energy efficiency; switching from LPG to natural gas and other efficient energy options; adoption of innovative approaches to reduce fuel intensity; prioritising the protection of employment and livelihoods by using internal efficiencies and cost management.
The agenda also includes support from larger firms to MSME partners through faster payments, better credit terms and improved order visibility; enhancing energy efficiency and operational optimisation across processes; investing in technology and data systems that improve supply chain visibility and operational flexibility; and reviewing procurement and contracting practices to build greater flexibility in sourcing, pricing and delivery timelines. Meanwhile, CII has emphasized that the strong enabling framework created by the government and said the industry can complement this by ensuring continuity, supporting smaller enterprises and maintaining confidence across the economy. It added that such a coordinated approach will help India navigate the present situation while strengthening long-term resilience.
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