Home / News / SCO Summit: PM Modi calls for reliable supply chain to foster economic recovery

Prime Minister Narendra Modi called on leaders of the regional security bloc including Russia and China at the Shanghai Cooperation Organisation (SCO) Summit 2022. PM Modi called on the leaders to address the energy and food crises triggered by the coronavirus pandemic and the war in Ukraine.

PM Modi said, “The pandemic and the crisis in Ukraine have caused many disruptions in global supply chains, leaving the world facing unprecedented energy and food crises. SCO should strive to develop reliable, resilient and diversified supply chains in our region."

Other than India, the SCO members include China, Russia, Pakistan, Iran, Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan.

At the Summit, India and the SCO member states are expected to discuss energy security, which coincides with a sharp rise in Indian imports of Russian oil, coal and fertiliser. PM Modi said the pandemic and the war in Ukraine has left the world facing "unprecedented" energy and food crises.

In his address at the SCO Summit, PM Modi said the Indian economy is expected to grow at 7.5 per cent this year. He said India supports "greater cooperation and mutual trust" among the SCO member states.

"India supports greater cooperation and mutual trust among SCO members. The pandemic and the crisis in Ukraine have caused many disruptions in global supply chains, leaving the world facing unprecedented energy and food crises," PM Narendra Modi said.

He added that “the SCO should strive to develop reliable, resilient and diversified supply chains in our region. For this, better connectivity will be required, as well as it will also be important that we all give full rights of transit to each other."

Referring the food insecurity, PM Narendra Modi promoted cultivation and consumption of millets.

"The world today faces another major challenge – and that is ensuring the food security of our citizens. One possible solution to this problem is to promote the cultivation and consumption of millets," he said.

"Millets is a superfood that has been grown for thousands of years, not only in SCO countries, but in many parts of the world, and is a traditional, nutritious and low-cost alternative to the food crisis," PM Modi said.

(With agency inputs)

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less

Recommended For You

Trending Stocks

×
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout