Tamil Nadu’s Industries Minister T R B Rajaa suggests that the state’s manufacturing sector, particularly MSMEs, could benefit from global tariff realignments. The shift presents an opportunity to boost local sourcing and strengthen the state’s position as a manufacturing hub.
The implementation of the Trump administration’s tariff regime has disrupted global trade, but Tamil Nadu views this as a strategic opportunity. For the state’s MSME sector, which plays a vital role in Tamil Nadu’s export competitiveness against countries like Thailand, Vietnam, and Cambodia, the situation presents chances to explore new markets and develop new products.
Source: The Times of India
