Nickolay Stanev gateway of india _12696407
© Nickolay Stanev

India, already seeing some success luring supply chain investments away from China, may team up with Japan and Australia to counter Chinese dominance as trade and geopolitical tensions escalate across the region.

The three export powerhouses are discussing a supply resilience initiative, Bloomberg News reports. The talks are now at a working level, but Japan would like to elevate them.