India appointed as Vice Chair of Supply Chain Council.

Indo-Pacific Economic Framework (IPEF) Formation: Established for supply chain resilience; 14 member countries. Key Bodies: Supply Chain Council (SCC): Chair: USA Vice-Chair: India Meeting: Inaugural virtual meetings held to enhance supply chain resilience.

Elections: Chairs and Vice-Chairs elected for two-year terms. IPEF Members: Australia, Brunei, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam, USA. Objective: Promote growth, economic stability, and prosperity in the Indo-Pacific region. Launch Date: 23 May 2022, Tokyo, Japan.