Bern, June 9 -- Commerce and Industry Minister Piyush Goyal described China's rare earth export restrictions as a global "wake-up call" on Monday, emphasising that India is actively building alternative supply chains while positioning itself as a trusted partner for international businesses seeking to reduce their dependence on Chinese suppliers.

Speaking to reporters during his official visit to Switzerland, where he meets with Swiss government officials and business leaders, Goyal acknowledged that China's export curbs will create short-term challenges for India's automotive and white goods sectors. However, he expressed confidence that collaborative efforts between government, industry, and innovators will transform these challenges i...