Indian Telecom Exports: Staying Competitive Amid US Tariffs
Indian telecom exports to the US are expected to remain competitive despite new tariffs, according to Telecom Minister Jyotiraditya Scindia. With Rs 85,000 crore worth of telecom equipment produced under the PLI scheme, Rs 16,000 crore has been exported. The industry anticipates a review of Section 232, which might affect tariffs.
- Country:
- India
Indian telecom exports will continue to hold their ground in the US market, even with the advent of additional tariffs, Union Telecom Minister Jyotiraditya Scindia assured audiences on Thursday.
Official data reveals that India's telecom sector has produced equipment worth approximately Rs 85,000 crore under the Production Linked Incentive (PLI) scheme, with Rs 16,000 crore worth exported globally.
The industry has a brief respite from proposed US tariffs as a key section, Section 232, which encompasses electronics and technology products, is due for review, potentially affecting the tariff situation.
(With inputs from agencies.)
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