Indian Economy News

Dr. S. Jaishankar Calls for Diversified Supply Chains and Stronger Economic Ties Among Commonwealth Countries at CHOGM 2026

Union Minister of External Affairs Dr. S. Jaishankar called on Commonwealth countries to de-risk and diversify their supply chains. The call emphasised the need for shorter, trusted routes, improved connectivity and stronger local distribution networks to promote trade and economic cooperation. Dr. S. Jaishankar was addressing the Commonwealth Heads of Government and Business Leaders Breakfast Meeting on November 4, 2026, on the sidelines of the Commonwealth Heads of Government Meeting (CHOGM) 2026 in St. John’s, Antigua and Barbuda. The address highlighted vocational training, capacity building and mobility of skills as key areas of cooperation. Digital solutions were described as a potential game changer in promoting efficiency, good governance and growth. The global Indian business community was highlighted as an important asset for the Commonwealth.

The address also called for leveraging the International Solar Alliance (ISA) and the Coalition for Disaster Resilient Infrastructure (CDRI) to advance joint climate action. On the sidelines of CHOGM, Dr. S. Jaishankar met President of Guyana Dr. Mohamed Irfaan Ali and announced an extension of a Rs. 4,735.43 crore (US$ 500 million) Line of Credit for road, healthcare and defence projects in Guyana. The two countries also signed agreements on manufacturing projects for micro and small enterprises, grant assistance for Quick Impact Projects and cooperation in digital public infrastructure. This cooperation includes the development of a Unified Payments Interface (UPI)-like payment system in Guyana. Discussions with Prime Minister of the United Kingdom Mr. Andy Burnham focused on strengthening the economic partnership under the Comprehensive Economic and Trade Agreement (CETA).

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