Bottled Brilliance: How India-US Trade Deal Revives $150M Glass Glory

The India-US bilateral trade agreement is set to revive a $150 million glass export business, focusing on high-quality perfume and cologne bottles, as stated by Borosil Renewables Chairman Pradeep Kheruka. Previously halted due to lack of agreement, this resumption promises vigorous growth and competitive edges with an 18% tariff. Kheruka credits President Trump and PM Modi for this historic deal boosting India's manufacturing prowess.India leads globally in this niche, with pre-halt volumes exceeding $150 million annually to the US market.

 

Key Trade Boosters

Deal's Strategic Edge

Kheruka described the pact as historic, praising diplomatic resolutions by President Trump and Prime Minister Narendra Modi. This aligns with broader India-US economic ties, including energy and tech imports. Piyush Goyal, Commerce Minister, affirmed no trust deficits, eyeing expanded sectors like steel inputs.

 

Future Growth Horizons

Optimism extends to EU ties, where labor shortages may shift manufacturing to India for cost savings and brand continuity. Glass and engineering sectors stand to gain from steady exports. Kheruka noted early days but strong prospects, stating stars align for India's business with developed partners.

 

This development underscores India's rising export competitiveness in glassware, with 2024 US imports already at $342.5 million overall.

 

Sources: ANI, NewKerala.com