NewsStocksParliamentary Panel Reviews Impact Of US Tariffs On Indian Exports Across Key SectorsParliamentary Panel Reviews Impact Of US Tariffs On Indian Exports Across Key Sectors
The Parliamentary Standing Committee on Commerce is conducting a three-city study tour from January 6-8 to assess US tariff impacts on Indian exports. Chaired by Rajya Sabha MP Dola Sen, the committee is visiting Visakhapatnam, Chennai, and Coimbatore to evaluate effects on marine, automotive, leather, and textile sectors. The panel is meeting with industry stakeholders and government representatives to understand challenges and explore measures to mitigate adverse tariff effects while augmenting export opportunities.
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The Parliamentary Standing Committee on Commerce is undertaking a comprehensive evaluation of enhanced US tariffs on Indian products through a strategic three-city study tour from January 6-8. The committee, chaired by Rajya Sabha MP Dola Sen, is assessing the impact on various sectors while seeking to understand challenges faced by different industries and measures taken by financial institutions and government bodies to mitigate adverse effects.
Multi-City Assessment Tour
The committee's study visit covers three major industrial centers to evaluate India-US trade relations across key sectors:
| Location | Date | Focus Sectors |
|---|---|---|
| Visakhapatnam | January 6 | Marine and Fisheries |
| Chennai | January 7 | Automotive and Leather |
| Coimbatore | January 8 | Textile and Apparel |
Visakhapatnam: Marine Sector Focus
On Tuesday in Visakhapatnam, the committee engaged with stakeholders and state government representatives, concentrating specifically on the Indian marine sector. The panel members conducted detailed interactions with representatives from fisheries, export councils, and financial institutions. The committee also undertook field visits to the Fishing Harbour and Sea Cages off Ramakrishna beach to gain firsthand understanding of operational challenges.
Chennai and Coimbatore Engagements
The Chennai leg on January 7 will focus on discussions regarding US tariff impacts on the automotive and leather sectors. The committee will meet with industry representatives and government officials to assess sector-specific challenges and mitigation strategies.
In Coimbatore on January 8, the evaluation will center on India-US trade relations within the textile and apparel sector. The committee will engage with:
- Textile and apparel manufacturers
- Export industry representatives
- Industrial body representatives from AEPC and CITI
Government Department Participation
The study tour includes participation from multiple government departments to ensure comprehensive coverage of trade-related issues:
| Department | Areas of Focus |
|---|---|
| Department of Commerce | Trade policy and regulations |
| DPIIT | Industrial promotion and policy |
| Ministry of Textiles | Textile sector specific issues |
| MSME | Micro, small and medium enterprise concerns |
Objectives and Scope
The Parliamentary Committee's visit aims to understand the challenges faced by various sectors and their specific concerns while exploring ways to augment exports abroad. The assessment seeks to evaluate the effectiveness of measures taken by financial institutions, central and state governments to counter the adverse effects of enhanced US tariffs on Indian product exports. The committee is gathering comprehensive feedback from industry stakeholders to inform policy recommendations and strategic responses to trade challenges.
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