NewKerala.com

Industrialists Hail Historic India-US Trade Deal, Tariffs Slashed to 18%

Leading Indian industrialists have welcomed a historic trade deal between India and the United States. The agreement slashes tariffs on Indian goods from 50% to 18%, effective immediately. Business leaders like Anand Mahindra and Kumar Mangalam Birla praised the move for strengthening economic ties and unlocking investment opportunities. Prime Minister Narendra Modi and US President Donald Trump were credited for finalizing the deal, which is seen as a major boost for bilateral partnership.

Key Points: India-US Trade Deal: Industrialists Welcome 18% Tariff Reduction

  • Tariffs on Indian goods cut from 50% to 18%
  • Deal strengthens strategic & economic ties
  • Industrialists commit to US investment
  • Praised as a win for businesses and supply chains
2 min read

When noise subsides, 2 natural partners come together: Industrialists on US deal

Leading industrialists welcome the historic India-US trade deal, with tariffs on Indian goods reduced from 50% to 18%, strengthening strategic ties.

"When the noise subsides, two natural partners will come together. - Anand Mahindra"

New Delhi, Feb 3

Leading industrialists have welcomed the historic India-US trade deal, saying that the reduced 18 per cent tariffs will help strengthen the strategic and economic ties between the two great countries.

Anand Mahindra, Chairman of Mahindra Group, wrote in a post on X, "More evidence of the benefits of 'Making haste slowly.'"

"When the noise subsides, two natural partners will come together," he posted.

Kumar Mangalam Birla, Chairman of Aditya Birla Group, applauded Prime Minister Narendra Modi and US President Donald Trump for today's trade announcement.

"The reduced tariffs will help strengthen the strategic and economic ties between our two great countries and provide additional opportunity for investment and collaboration. We are committed to expanding our presence and investments in the U.S., where we see substantial opportunities for innovation, growth and enduring partnerships", he said in a statement.

Meanwhile, Ashishkumar Chauhan, Managing Director and CEO of the National Stock Exchange (NSE), described it as a "big win for businesses, supply chains and partnership between the two nations".

"Welcome move for global trade! Congratulations! After today evening's talks between the US President and the Indian Prime Minister, tariffs on Indian goods coming down sharply from 50 per cent to 18 per cent with immediate effect. A big win for businesses, supply chains, and the India-US partnership. Kudos to the teams involved in bringing this historic deal to a close", he noted.

Earlier, Prime Minister Narendra Modi announced that 'Made in India' products will now have a reduced tariff of 18 per cent, as US President Donald Trump said India and the United States had reached a trade deal. PM Modi posted on X that it was "wonderful to speak with my dear friend President Trump today".

"When two large economies and the world's largest democracies work together, it benefits our people and unlocks immense opportunities for mutually beneficial cooperation. President Trump's leadership is vital for global peace, stability, and prosperity. India fully supports his efforts for peace," PM Modi stated.

- IANS

Share this article:

Reader Comments

S
Sarah B
As someone working in the export sector, this deal brings a huge sigh of relief. The previous tariffs were a major barrier. This will definitely boost job creation and investment in our industrial corridors. Well done!
V
Vikram M
Anand Mahindra's point about "making haste slowly" is spot on. These strategic partnerships take time to mature beyond the political noise. A strong India-US economic bond is crucial for balancing global dynamics, especially in our region.
R
Rohit P
While this is positive, I hope the benefits trickle down to small and medium enterprises (SMEs) and aren't just captured by the big industrial houses. The government must ensure a level playing field for all Indian businesses.
M
Michael C
Strong economic ties between democracies are always welcome. This deal seems mutually beneficial. Curious to see what sectors will see the biggest boost—pharma, IT, textiles, or automotive?
P
Priya S
Excellent move! This is the kind of diplomacy that matters to the common person. Cheaper access to the US market means more business, more jobs, and a stronger rupee. Let's hope this is just the beginning of more such partnerships. Jai Hind!

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50