New Delhi: The Confederation of Indian Industry (CII) has recommended a 12-point agenda for industry to navigate disruptions arising from the West Asia conflict, calling for coordinated action to strengthen supply chains, maintain price stability and protect jobs amid global uncertainty.
The next phase requires industry to build on the existing policy framework through practical and responsible actions, said CII director general Chandrajit Banerjee.
The CII said industry can contribute by working with the government to build strategic reserves and buffer mechanisms for critical raw materials and fuels while ensuring that benefits arising from stable fuel prices and moderated logistics costs are passed on to consumers and downstream partners to support inflation management and reinforce credibility.
Companies are expected to strengthen supply chain resilience by diversifying sourcing corridors, expanding vendor bases and maintaining inventory buffers.
The next phase requires industry to build on the existing policy framework through practical and responsible actions, said CII director general Chandrajit Banerjee.
The CII said industry can contribute by working with the government to build strategic reserves and buffer mechanisms for critical raw materials and fuels while ensuring that benefits arising from stable fuel prices and moderated logistics costs are passed on to consumers and downstream partners to support inflation management and reinforce credibility.
Companies are expected to strengthen supply chain resilience by diversifying sourcing corridors, expanding vendor bases and maintaining inventory buffers.
