Industry experts are of the opinion that time is ripe for India to capitalize on the supply chain disruption in China owing to the outbreak of coronavirus and to acquire new markets for Indian manufacturing besides a lesson in risk management.
Amit Kalyani, Executive Director of Bharat Forge said, “We have a sudden hidden bonus in the form of coronavirus, which has created a deep awareness within people across the world about exposure and risk that they will face for being solely dependent on China.” Vikram Kirloskar, vice chairman at Toyota Kirloskar Motors and president of CII opined, “Risk management in a business has to be done on a more comprehensive basis, and look at not just monetary risks.” He also pointed out that any factories have started resuming operations in China, the disruption should get over soon.
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