PLAN FOR A MARATHON, BUT NOT A SPRINT!

While we formulate strategies to engage global companies looking for alternative markets, it is pertinent to remain focussed on the fundamentals of investments – market, regulatory certainty, cost of doing business and world-class infrastructure.

- Nilaya Varma and Kanishk Maheshwari

The coronavirus pandemic has hit the global economy at an unprecedented scale and speed. Essential preventive measures led to the shutdown of offices, the stoppage of factory outputs, and the disruption to global industries and their supply networks. Major industries including automotive, plastics and rubber, electronic equipment, pharmaceuticals, and medical equipment have been considerably affected. According to the World Bank, Global Value Chains (GVCs) are responsible for more than two-thirds of the world trade. The unfolding pandemic is deeply impacting the global manufacturing exports, reducing them by about US$230 billion due to significant supply chain disruptions.