ENA Sectors 2025-04-03 18:05:05 <p><span style="font-size:14px"><strong>New Delhi, Apr 3 (KNN) </strong>Vinod Sharma, Chairman (Electronics), Electronics and Computer Software Export Promotion Council (ESC), has characterised the recent 26 per cent US tariff on Indian merchandise exports as a potential advantage for India's electronics industry.</span></p> <p><span style="font-size:14px"> This is a blessing in disguise, Sharma stated, highlighting that the tariff presents India with a unique opportunity to increase electronics exports to the US market, particularly as competitors such as China, Taiwan, Vietnam, and South Africa face greater obstacles.</span></p> <p><span style="font-size:14px">Sharma pointed to incentives in the Indian Electronics Components Policy as a significant factor, stating, With strategic focus, we can strengthen our supply chain, scale production, and redefine India's role in the global electronics trade. </span></p> <p><span style="font-size:14px">According to Sharma, India's electronics exports, projected at USD 38 billion for 2024-25, could experience substantial growth if the country capitalises on this situation.</span></p> <p><span style="font-size:14px">Sandeep Narula, Chairman-Global Outreach, ESC, offered additional perspective, noting that the tariff differential provides Indian products with a competitive pricing advantage in the US market, especially in price-sensitive categories.</span></p> <p><span style="font-size:14px"> Under the leadership of Honourable Prime Minister Narendra Modi, this policy support positions us to capitalise on this advantage, Narula remarked.</span></p> <p><span style="font-size:14px">ESC Chairman Veer Sagar emphasised the importance of establishing Bilateral Trade Agreements (BTAs) with key markets including the US and UK.</span></p> <p><span style="font-size:14px"> These agreements are vital to overcoming tariff barriers and unlocking new opportunities, Sagar commented, commending the government's prompt initiatives to finalise such treaties.</span></p> <p><span style="font-size:14px">Gurmeet Singh, Executive Director of ESC, emphasised innovation as a critical strategy, encouraging the industry to add value through disruptions to address the tariff challenge.</span></p> <p><span style="font-size:14px"> This is our chance to elevate electronics and hardware exports to the level of our software exports, Singh observed.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41631 https://knnindia.co.in/news/newsdetails/sectors/us-tariff-a-blessing-in-disguise-for-indias-electronics-exports-esc-chairman 2025-04-03 18:05:05 knnindia.co.in