Industry body Confederation of Indian Industry (CII) on Sunday outlined a 12-point agenda for companies to navigate disruptions arising from the West Asia crisis, while commending the government’s “swift, coordinated and well-calibrated response”.
CII Director General Chandrajit Banerjee said the policy measures taken so far have helped mitigate immediate risks, but stressed the need for continued coordination between industry and the government.
“The policy approach has correctly focused on maintaining production continuity and supporting viable enterprises,” Banerjee said. “The next phase requires industry to build on this foundation with practical and responsible actions.”
He noted that the government’s response reflected a “whole of government approach” aimed at maintaining supply chains, supporting exporters, protecting households and ensuring macroeconomic stability.
“These measures have helped contain inflationary pressures, sustain industrial activity and preserve confidence at a time of global uncertainty, while also supporting jobs and livelihoods across sectors,” Banerjee added.
CII said the crisis represents a supply-side disruption, with pressures transmitted through higher energy costs, logistics constraints and working capital cycles.
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As part of its 12-point agenda, the industry body urged companies to collaborate with the government in building strategic reserves and buffer mechanisms for critical inputs, including fuels and raw materials.
It also called for maintaining price stability by passing on the benefits of moderated fuel and logistics costs to consumers, alongside strengthening supply chain resilience through diversified sourcing and inventory buffers.
The recommendations include accelerating investments in energy transition, such as renewables and green hydrogen, and exploring efficient alternatives to conventional fuels to reduce dependence on volatile energy markets.
CII further emphasised the need to protect employment and livelihoods by absorbing temporary shocks through internal efficiencies, while larger firms were urged to support MSMEs with faster payments and improved credit terms.
Other measures include enhancing energy efficiency, strengthening risk management practices, investing in technology for supply chain visibility, and building flexibility in procurement and contracting.
“The government has created a strong enabling framework. Industry can complement this by ensuring continuity, supporting smaller enterprises and maintaining confidence across the economy. Such a coordinated approach will help India navigate the present situation while strengthening long-term resilience,” Banerjee said.
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