India Inc should not focus on tariffs: Jamshyd Godrej

AMID FEARS OF the possible impact of US tariff measures, industry grouping CII on Tuesday asked companies to focus on competitiveness rather than worrying about the duty revisions.

- PRESS TRUST OF INDIA

Jamshyd Godrej, chairman and MD of locks and refrigerator maker Godrej & Boyce, said that Indian manufacturers will have to focus on scale, just like China, in its pursuit to become more competitive.

US President Donald Trump has announced that the country will charge tariffs at par with the ones levied by India on American imports from April 2. Experts have opined that there is a difference in tariffs of the two countries and there can be some impact on Indian exporters.

"I think tariffs is the wrong thing to focus on. The thing to focus on is competitiveness. And I think everyone should get away from this tariff mindset," Godrej told reporters on the sidelines of CII Manufacturing Summit here.