New Delhi : With the US imposing additional 25 per cent duty on imports worth $34 billion from China, certain Indian products may become more competitive, CII said today.
An analysis by the industry chamber revealed that India should focus on the US market for items in the categories of machinery, electrical equipment, vehicles and transport parts, chemicals, plastics and rubber products.
“India can focus on numerous goods for expanding its exports to the US and China markets following the hike in duties by both countries on imports from each other,” CII said.
Top exports from India to the US which are covered in the list of items for which tariffs have been hiked include pumps, parts of military aircraft, parts for electrodiagnostic apparatus, passenger vehicles of 1500-3000 cc, valve bodies and parts of taps, said the chamber.
Exports of these items stood at over $50 million in 2017, according to CII, and can be increased with concerted efforts.