Trump at helm to boost Indian electronics manufacturing
Subscribe to enjoy similar stories. Donald Trump on his return as US president is expected to broaden tariffs against Chinese imports to cover phones and laptops, boosting the Indian electronics manufacturing sector, according to the domestic industry bodies.
It would be an opportunity for India to take the share away from China as companies wanting to avert the levies may find the country most attractive as the government focuses on infrastructure investments and the ease of doing business, senior executives said. “Mr Trump in his election rallies and speeches has been talking about imposition of tariffs on our neighbours, which I am sure will make a lot of companies look for alternatives and India is the most attractive destination for electronic manufacturing," said Sunil Vachani, president of Consumer Electronics and Appliances Manufacturers Association and founder of Dixon Technologies, India's leading engineering manufacturing services provider.
“Categories like lighting products, telecom and wearables offer a huge potential due to our large-scale, in-house R&D and high levels of localization." Trump has proposed tariffs as high as 60% on Chinese imports and ending its most-favoured-nation trading status. In July 2018, during his first term, Trump has imposed tariffs ranging between 7.5% to 25% on 800 Chinese goods amounting to $34 billion in annual trade.
The products excluded smartphones and laptops, among the largest electronics imports to the US. “Over the years, India's relationship with USA has progressed on tech and various other strategic domains.
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