New Delhi, Aug 13
Corporates in India are hopeful that India and the US would find a way to a negotiated settlement in tariffs, a report said on Wednesday.
The managements that is affected by the US administration's decision expect the final tariff outcome for US imports from India to settle at a lower rate, key industry leaders said at an event hosted by Emkay, a Financial Services provider.
According to corporate stakeholders, the 21-day off-ramp window should yield a negotiated settlement between India and the US, as for companies most exposed to the US market, contingency plans that include relocating production to other geographies, though such moves would require time to execute.
The speakers reinforced the long-term India growth story.
Dixon Technologies outlined ambitions to climb the value chain and sustain growth momentum.
Adil Zainulbhai, Chairman of the Capacity Building Commission, offered insights into how the CBC’s initiatives are boosting efficiency in government and public sector undertakings.
However, they acknowledged the potential strain on asset quality -- especially for textile and MSME exporters -- if tariffs were to remain at 50 per cent.