India-Japan-Australia supply chain in the works to counter China

Question:A trilateral Supply Chain Resilience Initiative(SCRI) is to be launched by which countries:
(a) India,Russia,Japan
(b) China,Pakistan,Russia
(c) India,Japan,Australia
(d) USA,Canada,Mexico
Answer:(c)

  • Context:
  • India, Japan and Australia have begun discussions on launching a trilateral Supply Chain Resilience Initiative(SCRI) to reduce the dependency on China.
  • Facts:
  • SCRI: The aim of the initiative is to attract foreign direct investment to turn the Indo-Pacific region into an economic powerhouse and to build mutually complementary relationships among partner countries.
  • Significance:. The initiative is a direct response to companies that are concerned about Chinese political behaviour and disruption to the supply chain.

Link:

https://economictimes.indiatimes.com/news/economy/foreign-trade/india-japan-australia-supply-chain-in-the-works-to-counter-china/articleshow/77624852.cms?from=mdr#:~:text=NEW%20DELHI%3A%20India%2C%20Japan%20and,taking%20shape%2C%20ET%20has%20learnt.