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'India can take up lack of capacity in US, China markets'

25
Sep '18
India can now take up the lack of capacity in the US and Chinese markets, said the head of Sandler, Travis & Rosenberg (ST&R), an international trade, customs and export law firm. If India produces the same goods that China has imposed tariffs on, then the former can start supplying the latter those goods at a likely less expensive price.

The US-China trade war is likely to impact Indian exports to Asian markets. “Several other countries, including Japan and Korea, have already notified the World Trade Organisation (WTO) of their intent to impose tariffs on US origin goods. If Indian manufacturers make these or similar goods, they can now supply to those markets,” Nicole Bivens Collinson, president, ST&R, told Fibre2Fashion.

ST&R represents importers, exporters, manufacturers, governments, brokers and freight forwarders. Its core competencies include matters concerning the movement of goods, services and intellectual property from one country to another, regardless of point of export or import.

Talking about foreign direct investment (FDI), she said, “FDI, if targeted appropriately, can help a country improve its manufacturing sector, but it must be directed FDI and it cannot be limited just to manufacturing. A key element in all global production is the ability to move goods/inputs effectively, efficiently and quickly. Appropriate infrastructure, seamless transportation of goods and minimal documentation and bureaucracy have a greater effect on attracting FDI than just an open market.” (KD)

Click here to read the complete interview.

Fibre2Fashion News Desk – India


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