The impact on the steel-pharma industry in Haryana is showing impact on the US 50 percent tariff. File photo
50% tariff has been implemented from 27 August on goods sent from India to America. The impact of this new tariff policy is also seen in Haryana. Because Haryana has a huge contribution in the goods that are exported from the country to America. Textile in it, ray
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Dainik Bhaskar app When the team tried to know from the experts associated with these sectors, it was said that the most impact was on auto and garments. Told that America is the largest market for Indian auto parts. Especially a large number of goods go from Bawal and Dharuhera of Gurugram, Faridabad, Sonipat and Rewari. Till now the US cars, small trucks and their parts were levied at 25%, while the fee on commercial vehicles was 10%.
Pawan Yadav, president of the Manesar Industry Association, believed that about 32% of the total export of auto parts in the last financial year went to the US. Now the tariff increase can affect exports of ₹ 30,000 crore from $ 7 billion (about ₹ 61,000 crore) annual auto parts.
Gurugram is 10 percent of exports from India to America. Similarly, Steel and Aviation of Hisar, Basmati Rice of Karnal, Panipat textile industry, scientific equipment from Ambala and what will be the effect of new tariffs on what will be on the Nut-Bolt Industry of Rohtak, read the whole Report,
Gurugram: 25 thousand crore garments, pharma and automobile industry affected Pawan Yadav, president of the Manesar Industry Association, said that due to 50 percent tariff of America, Gurugram’s industry will have an impact of 25 thousand crores. Garment exports have more than 400 companies, of which more than 150 companies depend on the US. Former President of Gurugram Industries Association, JN Mangla said that there are no orders for 10 days, the orders that were, have been canceled and the production is currently closed. If the option is not found, these companies may have a large -scale trimming of employees. Apart from this, the impact of tariffs on house hold production companies are visible.
Hisar: A deal of Rs 10.53 crore may get stuck Steel and Aviation sector will be affected in Hisar. Last year, there was an agreement between the Haryana government and the US, under which the US Trade and Development Agency (USTDA) had to provide technical and financial assistance in developing Hisar Airport and Integrated Aviation Hub (IAH). It was to invest Rs 10.53 crore (about $ 1.25 million) from the US. However, given the current conditions, it is feared that the US agency may withdraw from the project or may cause hurdles.
Panipat: 30 percent orders stuck According to Vinod Dhamija, Chairman of Panipat Chapter of Haryana Chamber of Commerce and Industries (HCCI), the new tariff will affect the textile industry. Panipat exports 12 thousand crores to America. 1,500 crores is exported on the Christmas season alone. Now about 30 percent of the orders are stuck. The most cushion covers in America, bath mats, towels, couch covers, curtains and cracks. Now the possibility of getting orders from America is negligible. American can shift in order to Bangladesh, Pakistan and Vietnam.
Karnal: One to one and a half percent effect on Basmati Export Satish Goyal, head of All India Rice Export Association, says that there is a 60 million tonnes of basmati rice exports from India to the whole world. Out of this, 4 and a half percent rice goes to America. In such a situation, one to one and a half percent effect can be on exports and this is not a major impact. We can also sell this rice in another country, for which options are being found. At the same time, the association’s talks are also going on with the government and we have full faith in the Prime Minister of our country, they will find solutions and we are with the decision of the PM. Vice President Pankaj Said-
In America, about one lakh tonnes i.e. one thousand crore goods used to go. Initially, there will be a lot of impact, but we are not watching a huge impact on food and drink. There is a disadvantage, but 50 percent exports are expected to remain.
Rohtak: A direct impact of Rs 4000 crore on nut-ball industry Vijay Harjai, a member of the MSME Association, said that Rohtak’s Nut-Bolt Industry is a big threat of direct impact of Rs 4000 crore. If the tariff increases, their prices will be very high, so that customers can turn to other countries. LPS Boshard, the leading nut-bolt-making company used in Chandrayaan and air defense systems, exports a nut-bolt of Rs 200 crore for the US air defense system alone. Ambala: Scientific Equipments Export of 500-600 crores affected Ambala exporter Dr. Anil Jain said that now the export of 500-600 crores has been affected. About 25 percent of orders have been affected due to tariffs. He told that in which category the US keeps scientific equipment right now, after that it will also show more effects. A total of about four million dollars of science equipment is exported from Ambala, which has canceled many orders.
Fieo delegation meeting Finance Minister Nirmala Sitharaman.
FIEO delegation met Finance Minister, placed 2 demands …
Discussion on challenges due to increase: A delegation led by FIEO President SC Ralhan met Finance Minister Nirmala Sitharaman and highlighted the challenges faced by Indian exporters due to the increase in American tariffs. FIEO vice -president Ravikant Kapoor, Director and Chief Executive Officer Dr. Ajay Sahai, Farida Group Director Israr Ahmed and EEPC President Pankaj Chadha emphasized the adverse effects on market access, competition and employment and urged to take quick policy measures to assist the exporting community.
Finance Minister assured: Ralhan said that the Finance Minister assured that the government was standing firmly with exporters. Said that he promises to protect business interests and give extensive support to the workers’ livelihood. The minister’s assurance is a great source of confidence for exporters. The FIEO will work with the government to diversify the markets and strengthen India’s global trade status.
Learn how much trade between India and America, infographics …
Input: Chetan Singh from Hisar, Rinku Narwal from Karnal, Deepak Sharma from Rohtak, Ram Saraswat from Ambala.
