NEW DELHI, Feb 3: Leading industrialists have welcomed the historic India–US trade deal, calling the reduced 18 per cent tariffs a boost for strategic and economic ties between the two nations.
Anand Mahindra, Chairman of Mahindra Group, highlighted the long-term benefits, posting on X, “More evidence of the benefits of ‘Making haste slowly.’ When the noise subsides, two natural partners will come together.”
Kumar Mangalam Birla, Chairman of Aditya Birla Group, praised PM Narendra Modi and US President Donald Trump, saying the lower tariffs will create additional opportunities for investment and collaboration. “We are committed to expanding our presence and investments in the US, where we see substantial opportunities for innovation, growth, and enduring partnerships,” he added.
Ashishkumar Chauhan, MD & CEO of the National Stock Exchange (NSE), described the agreement as “a big win for businesses, supply chains, and the India–US partnership,” noting that the immediate tariff cut from 50 per cent to 18 per cent will benefit global trade.
Earlier, PM Modi announced the tariff reduction for ‘Made in India’ products, emphasizing that cooperation between two large economies and the world’s largest democracies unlocks immense opportunities for mutually beneficial growth. He also hailed President Trump’s leadership in promoting global peace and stability, affirming India’s support for these efforts.