Trump tariff on China a boon for India electronics exports

A 10% IMPORT tariff imposed by the US on China is being viewed as positive for made-in-India electronic products such as smartphones, laptops and tablets, analysts said.

- JATIN GROVER

The move is expected to benefit contract manufacturers like Dixon Technologies, Syrma SGS, Optiemus, as well as iPhones contract manufacturers such as Foxconn.

This is because a higher import tariff on Chinese goods would pave the way for Indian companies to export these products that do not attract tariffs. An increase in the demand for exports from India could thus boost business for the contract manufacturers.

With the IT hardware production-linked incentive (PLI) and the smart-phone PLI schemes, many companies have started leveraging China Plus One opportunity to make products in India and export from the country.