Industry urged to plan for war shocks

The Confederation of Indian Industry published a 12‑point agenda on March 29, 2026 proposing concrete industry actions to blunt the economic fallout from the West Asia conflict, with CII Director‑General Chandrajit Banerjee calling for partnership between government and industry. (thehindubusinessline.com). (thehindubusinessline.com) The blueprint’s first recommendation is that industry collaborate with government to build strategic reserves and buffer mechanisms for critical raw materials, fuels and intermediate goods to reduce disruption risk. (thehindubusinessline.com). (thehindubusinessline.com) CII urged firms to diversify sourcing corridors, broaden vendor bases and hold calibrated inventory buffers for key inputs, and it explicitly pushed companies to strengthen logistics planning, insurance cover and receivables management to manage export and shipment shocks. (thehindubusinessline.com). (thehindubusinessline.com) The agenda includes energy‑transition steps—accelerated investments in renewables, green hydrogen and industrial energy efficiency, plus switching from LPG to natural gas where technically and commercially feasible—to curb fuel‑cost exposure. (thehindubusinessline.com). (thehindubusinessline.com) CII asked larger firms to support MSME partners through faster payments, improved credit terms and better order visibility, and it welcomed recent government exporter relief measures aimed at easing logistics, insurance and cost pressures. (thehindubusinessline.com). (thehindubusinessline.com) The industry body recommended accelerated investment in technology and data systems to improve supply‑chain visibility and operational flexibility, and a review of procurement and contracting to build flexibility around sourcing, pricing and delivery timelines. (thehindubusinessline.com). (thehindubusinessline.com)