m&m agm: Seize the day as world pulls away from China: Anand Mahindra

“Detaching ourselves from China is a good development for the rest of the world and should have been done long ago,” said Mahindra & Mahindra Chairman Anand Mahindra.

Amid a global supply chain disruption, “India may well be one of the beneficiaries of this diversification of sourcing,” he told the world.

Addressing Shareholders at the 76th General Meeting of

for the third year in a row, Mahindra said, India could be the new player in the supply chain.

In recent decades, all roads have led to China, Mahindra said, but the situation has changed.

“We will be the beneficiaries of a geopolitical realignment of threat perception. The situation is full of opportunity. We just need to seize the day,” he added.

Those who mourn the demise of a global supply network are “ignoring” the fact that the disruption is in the China-dominated global supply network rather than the true global supply chain, he said. “Nature abhors a vacuum, and other countries, including ours, will rush to fill it,” he added.

The chairman of India’s largest tractor maker said businesses everywhere have felt the pain of supply chain disruption and at M&M, one of the main reasons for the long waits for delivery of its SUVs is the shortage of semiconductors.

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