India cannot depend on imports for essential goods - finance minister

·1-min read
FILE PHOTO: India's Finance Minister Nirmala Sitharaman attends a joint news conference with U.S. Treasury Secretary Steven Mnuchin in New Delhi

(Corrects to imports and goods in the first paragraph)

NEW DELHI (Reuters) - India must become more self-reliant after the pandemic disrupted supply chains and showed the risks of depending on imports for essential goods, the finance minister said on Wednesday.

"Even as we want to be linked with the global value chains, we have to understand and take cognizance of the risks it has posed us," Nirmala Sitharaman said. She said India had to import protective equipment and testing kits during the initial phase of the pandemic.

She said India will need to build manufacturing centres at scale to reduce dependency in the future.

This story corrects to imports and goods in the first paragraph.

(Reporting by Manoj Kumar; Editing by Andrew Heavens)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting