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Top India solar exporter rejigs supply chain to bypass US tariff

Economic Times

Economic Times · 8h ago

Top India solar exporter rejigs supply chain to bypass US tariff

Waaree Energies, India's leading solar panel manufacturer, is altering its supply chain to bypass high US tariffs. The company plans to source components from countries with lower tariffs, leveraging a US customs ruling for tariff circumvention. With the US market making up 60% of its orders, Waaree is expanding its Houston plant, doubling capacity to 3.2 gigawatts, and investing up to $150 million in the US. The company faces ongoing US investigations but continues to comply with local laws.

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How Adani makes the best use of US solar tariffs

Livemint

Livemint · 2m ago

How Adani makes the best use of US solar tariffs

Adani Group strategically navigates US solar tariffs by exporting solar panels to the American market and importing them from China for use in India's largest solar park. This approach allows Adani to leverage the US tariff exemptions for Indian solar panels while utilizing Chinese panels in domestic projects, optimizing cost and supply chain dynamics. However, this tariff-driven arbitrage is expected to be temporary due to changing policies on the use of Chinese modules in India.

Gokaldas Exports chief: 50% US tariff is like an embargo, not a tax

Economic Times

Economic Times · 2m ago

Gokaldas Exports chief: 50% US tariff is like an embargo, not a tax

Gokaldas Exports, a major Indian garment exporter, faces significant challenges due to the US's new 50% tariff on Indian goods. Managing Director Siva Ganapathi highlighted that this steep duty is unsustainable for the supply chain, potentially diverting business away from India. Higher costs might lead to price increases or product alterations. Ganapathi urges speedy government action on trade agreements and suggests potential incentives to mitigate impacts, emphasizing the substantial threat to the industry if unresolved.

What's Dr Copper's warning about India's economic health?

Economic Times

Economic Times · 3m ago

What's Dr Copper's warning about India's economic health?

Copper, often seen as an economic indicator, reflects industrial activity. Fluctuations in its demand signify broader economic trends. The U.S. recently imposed a 50% tariff on copper imports, citing national security. This decision impacts global trade and has led to rising domestic prices. The tariffs could disrupt the electronics and semiconductor industries, as copper is crucial in manufacturing. While India is a minor exporter to the U.S., concerns remain about long-term supply chain effects.

Manufacturers in India not overly concerned with US tariffs: IT Secretary S Krishnan

Economic Times

Economic Times · 6m ago

Manufacturers in India not overly concerned with US tariffs: IT Secretary S Krishnan

Indian electronics and IT manufacturers are not overly concerned about recent US tariff hikes, though future implications depend on developments. The US imposed an additional 26% tariff on Indian goods, but tariffs are higher for competitors like Vietnam and China. Indian manufacturers maintain a competitive edge due to a focus on scale, quality, and 'Make in India' incentives. The situation is seen as an opportunity to enhance India's role in the global supply chain.

Trump targets semiconductors as tariff relief for tech firms nears end

Economic Times

Economic Times · 6m ago

Trump targets semiconductors as tariff relief for tech firms nears end

US President Trump plans to impose new tariffs on semiconductors, addressing perceived unfair trade practices, particularly by China. This follows temporary tariff exemptions for key tech items like smartphones and laptops to mitigate inflation and supply chain issues. Major firms like Apple benefited but remain reliant on Chinese manufacturing. The White House emphasizes reducing dependence on China, prompting companies to consider shifting production elsewhere, including India. New tariffs could lead to significant price increases for US consumers.

Google Pixel 10 Production to Begin in India

StartupTalky

StartupTalky · 1m ago

Google Pixel 10 Production to Begin in India

Google plans to start producing its Pixel 10 smartphones in India, aiming to export globally, including to the US. This move diversifies its supply chain and mitigates US tariff risks. Manufacturing partnerships involve Dixon Technologies, Foxconn, and potentially Micromax’s Bhagwati Products. Local Pixel production started a year ago, reducing import duties and enhancing competitiveness. Meanwhile, Alphabet is undergoing restructuring, laying off workers in its Platforms and Devices unit, overseeing key products like Chrome, Pixel, and Android.

Uncertainties surrounding US tariffs might affect capex decisions this fiscal: Crisil

Economic Times

Economic Times · 2m ago

Uncertainties surrounding US tariffs might affect capex decisions this fiscal: Crisil

Crisil reports that uncertainties from US tariffs could deter capital expenditure (capex) decisions in the current fiscal year, as the additional 25% tariff on India's Russian oil purchases raises total levies to 50%. Despite positive corporate balance sheets, these tariffs and global supply chain disruptions may negatively impact investment sentiment. Crisil suggests that free trade agreements can bolster investor confidence by reducing tariff barriers. Domestic inefficiencies also hinder private sector investment.

Apple’s Tim Cook joins CEO summit with China premier as economy sags

Economic Times

Economic Times · 11m ago

Apple’s Tim Cook joins CEO summit with China premier as economy sags

Apple CEO Tim Cook joined other corporate leaders in discussions with China's premier to address potential trade disruptions and economic uncertainty. The meeting, attended by executives from global firms including Rio Tinto, Corning, and Lenovo, focused on supply chain and trade issues. This is the first high-level meeting between foreign corporations and a senior Beijing official since the US election. Cook highlighted the importance of the Chinese supply chain, particularly for Apple, which manufactures most of its iPhones in China. The meeting comes as companies worldwide prepare for potential tariff hikes on Chinese goods by the new US administration.

EV startup Pravaig wins deal to export batteries to Greece

Money Control

Money Control · 1y ago

EV startup Pravaig wins deal to export batteries to Greece

Bengaluru-based EV startup Pravaig Dynamics has secured a deal to export its energy storage systems to Greece. The company, known for manufacturing high-precision batteries for electric vehicles, will supply 20 MWh batteries for solar farms as part of the Greek contract. This represents a significant milestone for Pravaig as it enters the global market for solar farm storage solutions and showcases India's potential as a leading exporter in the renewable energy sector. The deal is expected to pave the way for larger contracts in the future and strengthen diplomatic ties between India and Greece.

India tops US smartphone supply in June quarter as Apple shifts from China

Economic Times

Economic Times · 3m ago

India tops US smartphone supply in June quarter as Apple shifts from China

India became the top supplier of smartphones to the US in the June quarter, driven by Apple's shift from China due to trade uncertainties. According to Canalys, the share of US smartphone shipments assembled in China decreased, while India's shipments to the US surged by 240%, now accounting for 44% of imports. Apple's supply chain shift is part of a China Plus One strategy, leveraging Indian manufacturing for the US market.

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