India-US Trade Deal: Industries Prepared for Trade Talks Outcome, National Interest in Focus, Says CII President
INDIA, JUL 6 – CII President Rajiv Memani highlights that India will only sign a trade deal with the US if it benefits national interests and offers a competitive advantage to Indian industries.
- On July 6 in New Delhi, CII President Rajiv Memani said Indian industry is prepared for any outcome of the US-India trade deal, emphasizing commitment to national interests.
- Following US tariffs under Section 232, India and the US are preparing for the July 9 deadline after extensive stakeholder consultations, says CII President Memani.
- Between January and April 2025, US agricultural imports to India surged 45% to $1.075 billion, with soybean imports soaring 810%, alongside significant rises in cotton and dairy products.
- India's farmers, devastated by cheap US agro-commodities and falling cotton prices due to zero import duty, call for a nationwide strike on July 9.
- In response to trade tensions, India promotes itself as a credible China alternative by intensifying PLI programs across 14 sectors to diversify global supply chains.
16 Articles
16 Articles
India Takes Cautious Line as US Tariff Clock Ticks Down
Prime Minister Narendra Modi’s government is facing domestic pressure to protect India’s politically-sensitive farm sector as the nation scrambles to close a trade deal with the Trump administration and dodge higher US tariffs.
Industry ready if US trade deal doesnt materialise: CII President - The Tribune
Indian industry is prepared for any outcome regarding the proposed bilateral trade agreement with the United States, Confederation of Indian Industry (CII) President Rajiv Memani said on Wednesday, emphasizing that the country's business sector will not pursue deals that compromise national interests.
India-US trade deal: Industries prepared for trade talks outcome, national interest in focus, says CII President
CII President says that the Indian industries are prepared for the outcome of the trade deal negotiations with the United States, as Trump tariff deadline nears effective 9 July 2025. The Indian government consulted the industry stakeholders before entering trade negotiations with the United States.
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