The impact of America’s tariff on Punjab.
Punjab industry has a loss of 30 thousand crores due to US 50 percent tariff war. Its effect has also started showing. Many industrialists’ orders have stopped. Due to the tariff, the 7 industrial sector of Punjab alone is a loss of 20 thousand crores. In
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Understand how much impact on which industry …
How the damage caused by American tariff, Punjab businessmen told …
The maximum impact is the least on the agricultural industry America’s tariff war seems to have the biggest impact on Punjab’s textile industry. Ludhiana, Punjab, has the highest business of Hazari. The industrialist here has estimated a loss of 8 thousand crores from the increased tariff to the textile industry. The lowest losses are 200 crores to the agricultural equipment making industry. Rahul Verma, owner of Gulab Dyeing Industry, said that Ludhiana city has around 300 dyeing industry. The textile industry has around 2000 units. Not only India alone but also America will have to bear the brunt of this. The goods will definitely be expensive there. They say-
The central and Punjab governments should bring some such schemes so that the industry is not desperate. Order of uniforms of schools should be placed in the industry. All departments should have separate uniforms so that the textile industry also gets domestic orders. Ludhiana’s textile industry will focus more on selling local, as there is a crisis on the livelihood of 12 lakh labor.
Mukul Verma owner of AM International.
Jalandhar’s impact on sports industry, employees may be trimmed According to Mukul Verma, owner of Punjab’s largest sports industry AM International, Jalandhar India Sports capital Is. America is a big market for sports products. The industry will be affected by 50 percent tariff. This will also be trimmed by employees and will affect the manufacturing units. Pakistan’s sports industry is 10 times larger than India. There is only 19 percent tariff. In such a situation, American businessmen can start ordering goods from Pakistan. The US has the highest number of basketballs, cricket, boxing, rugby game items, gym equipment and sports garments from India.
Amandeep Singh, President Leather Federation Punjab.
Fourth big leather cluster of Jalandhar country, Pakistan-Bangladesh benefit Amandeep Singh, President of Leather Federation Punjab, said that the tariff war of America will cause a big loss to the leather industry. 17 percent of the country’s total leather exports go to the US. Jalandhar of Punjab is the fourth major leather cluster in the country. Where there are about 59 small and big factories. The annual production is 50 thousand tonnes. The Indian industry is lagging behind due to reduced tax in Pakistan and Bangladesh.
Ranjit Singh Josan, Vice President Basmati Rice Millors and Export Association.
Punjab sends $ 315 million Basmati Ranjit Singh Josan, Vice President of Basmati Rice Millors and Export Association, said that 70 per cent of Basmati exports from the country is from Punjab. Many big brands of the country are from Punjab. But 50 percent duty will directly affect the market. Pakistan exported 7 lakh tonnes of basmati rice last year. This year there is expected to produce 1.2 million tonnes. India sends only 3 lakh tonnes of basmati America, which costs 315 million dollars.
Badish Jindal, President World MSME Forum.
The whole industry including Ludhiana’s textile will be damaged Badish Jindal, President of the World MSME Forum, said that China’s conspiracy is behind the tariff of America. China wants India and America to be bad. At the same time, China is also advising India to stay within the BRICS scope and has stopped supply of rare economies minerals. The Government of India should talk to America in this matter. The entire industry, including Ludhiana’s textiles, will be damaged. At the same time, there is a great need to improve relations with America today. We will do more harm by advantage of oil companies.
Tushar Jain, Member of CII Punjab State Council.
A member of the Punjab State Council said, what should the government do
- Trade delegation agencies should be sent to various countries and conducting business talks.
- Businessmen should be given an interest-free loan for some time.
- Exemption should be given in export incentives.
Learn how much trade between India and America, infographics …
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Also read this news related to American tariff ….
8 sector of Haryana affected the most: 30 percent of Panipat orders stuck; Expert told the condition of 5 big business districts
50% tariff has been implemented from 27 August on goods sent from India to America. The impact of this new tariff policy is also seen in Haryana. Because Haryana has a huge contribution in the goods that are exported from the country to America. It is claiming to be affected by textile, readymade garment, footwear, auto parts, steel, engineering, agriculture, pharma. (Read full news)
