India may lose upto $30 bln electronics exports opportunity amid US tariffs
New Delhi: India’s electronics industry faces a significant setback, with up to $20-30 billion in lost business opportunities in the coming years due to the heavy tariffs imposed by the US, and the likelihood of it being extended to semiconductors, said industry experts and company executives.
This is despite multinationals such as Apple and Samsung likely to get tariff-related exemptions, including semiconductor tariffs of 100%, as both companies–who have manufacturing operations in India–have announced plans to make major investments in the US.
