U.S.-China Textile Trade War Will Benefit India, Says Arvind’s Sanjay Lalbhai
Textile companies from India stand to benefit if the U.S. decides to impose import tariffs on Chinese goods, according to Sanjay Lalbhai, chairman and managing director at Arvind Ltd.
The company, currently running at full capacity, will need to explore other options including outsourcing or working with distressed assets to meet the likely demand from America, he said.
China commands a 35 percent market share in the world textile trade estimated at around $850 billion. U.S. President Donald Trump has proposed tariffs on goods imported from China, including textiles. “The benefit could accrue right away if tariffs were to be imposed,” Lalbhai said.
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