The demand for Indian products will increase from Crown War: Business people

VAPI, April 18 (IANS). Gujarat traders said on Friday that the tariff war would benefit Indian industries and demand for the country’s products will increase all over the world. A Vapi businessman told the IANS news agency that the tariff of US President Donald Trump has created a stir in the industries of the whole world. India has also been imposed 26 percent rates, but due to the policy of Prime Minister Narendra Modi, India will not have much effect, as Trump has imposed less rates on India than other countries in the world. It offers an indirect benefit to VAPI and surrounding industries. As a result, new markets can be opened and India can benefit from China and other countries. More than six thousand small and large industries operate in VAPI and the surrounding industrial areas, including mainly textile, chemical, pigments, pharmaceutical industries. These industries export themselves to the country and abroad and also import raw materials. He said that the US market could be deduced to India due to more tariffs on other countries in Asia, which remains optimistic about the coming time. Another Vapi businessman said that the war in Russia Akraine and the war in Israel was watching the recession on exports to Vapi’s industries. But now, due to the tariff war, sudden positive investigation is from European countries. The rates that Trump imposed on countries around the world are affecting the industries of the whole world, but due to the policies such as ‘make in India’ of the Modi government, its impact on India will be less than other countries. Now the whole world is watching in India and in the coming times, the tariff war will benefit the domestic industry and the industries of VAPI, who are struggling with recession, will get a new boost. Another industrialist said that chemical, pharmaceutical, special chemical and dicem industry of VAPI and surrounding areas will gain a major advantage. Trump imposed more rates on India’s competitive countries such as China, Taiwan, Bangladesh, which has a widespread impact on these countries. Due to the low tariff on India, the market of those countries can now turn in the direction of India, which can offer great opportunities to Vapi’s industries in the coming time. -Ians abs/aques share these story tags