Indian firms are seeking to take advantage of the disruption caused by the US-China trade war and increase shares in export markets, said Ajay Kadakia, chairman of Basic Chemicals, Cosmetics and Dyes Export Promotion Council. He said as well as capitalising on the $15bn of tariffs imposed by the US on China's chemicals and plastics exports, India could also build on solid sales to Chinese businesses seeking products to alleviate domestic environmental problems. The government has been trying to boost exports through a series of measures including tax breaks for companies that invest abroad, incentives for foreign direct investment (FDI) into India's manufacturing sector and an overhaul of its industrial
Indian firms are seeking to take advantage of the disruption caused by the US-China trade war and increase shares in export markets, said Ajay Kadakia, chairman of Basic Chemicals, Cosmetics and Dyes Export Promotion Council. He said as well as capitalising on the $15bn of tariffs imposed by the US on China's chemicals and plastics exports, India could also build on solid sales to Chinese businesses seeking products to alleviate domestic environmental problems. India's plastics exports are set to be worth more than $11bn in 2019.