Detroit Supply Chains Agreement to Facilitate Indian Manufacturing

The second in-person Indo-Pacific Economic Framework (IPEF) Ministerial Meeting in Detroit, US witnessed negotiations for the Supply Chains (Pillar-II) Agreement, which is expected to benefit India and other IPEF partner countries.
Some of the expected benefits are: a potential shift of production centers in key goods/critical sectors to India; bolstering of domestic manufacturing capacities; giving a boost to the Aatmanirbhar Bharat and Production Linked Initiatives schemes; mobilization of investments, especially in the production of key goods, logistics services, and infrastructure; deeper integration of India in the global supply and value chains, particularly of Indian MSMEs; and increased exports from India.
It may also improve upward mobility in value chains, mitigate risks of economic disruptions to India from supply chain shocks/adverse events, create a seamless regional trade ecosystem to facilitate Indian product flow, facilitate trade through digital trade documentation exchange, faster port clearances, joint R&D, and workforce development.