Geneva, Oct. 22 -- Union Minister for Commerce and Industry said India chose the path of "Atmanirbharta", or self-reliance, to tackle vulnerabilities exposed in global supply chains, emphasising that resilience and trust have, in a way, now taken precedence over cost efficiency.

"We realise that we'll have to rethink our supply chains," the minister said, underlining the government's strategic shift in policy. He was addressing the UNCTAD (UN Trade and Development) Ministerial Roundtable on 'Towards Resilient, Sustainable, and Inclusive Supply Chains and Trade Logistics'.

"India has launched a massive programme called Atma Nirbhar Bharat. That's a self-reliant India," he added.

He explained that the government has been reviewing every ...