New Delhi, April 4: Commerce Secretary Rajesh Agarwal stated on Saturday that the government is actively working to ensure minimal disruptions in supply chains amid global uncertainties. He also mentioned that the government is prepared for potential declines in exports and imports.
During a press conference at a ‘Chintan Shivir’ session in Hyderabad, Agarwal informed the media that the initiative aims to bring together government and industrial stakeholders to identify challenges and develop a clear framework.
The official emphasized that India is focused on maintaining the growth momentum of pharmaceutical exports. He noted that this effort, guided by Prime Minister Narendra Modi’s vision, seeks to define the roles and responsibilities of all stakeholders through extensive consultations.
Agarwal highlighted that discussions were centered on maintaining India’s leadership in emerging sectors such as biosimilars, biologics, and innovative medicines. The goal is to ensure that both export and import supply chains remain resilient and protected from external shocks.
India’s pharmaceutical industry, valued at over $60 billion, continues to be a significant contributor to exports and global healthcare supply chains.
Regarding the ongoing crisis in the Middle East, the official acknowledged that it could impact energy supply chains, which are critical for the region. However, he expressed confidence in the industry’s adaptability.
He stated, “India’s industry is highly adaptable and resilient. We will be able to face these challenges in the future,” adding that there has been no immediate impact on prices.
Agarwal confirmed that the government will collaborate with industrial stakeholders to address any emerging challenges, ensuring that supply remains unaffected.
Earlier this week, Prime Minister Modi chaired a meeting of the Cabinet Committee on Security (CCS) to review the changing situation in West Asia and assess its potential impact on India’s national interests.
This was the second CCS meeting since tensions escalated on February 28, 2026, following U.S.-Israeli airstrikes on Iranian targets and subsequent retaliatory actions, which have caused disruptions in the region, particularly in the Strait of Hormuz, leading to instability in global energy markets.
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