Gujarat Samachar (Gujarat News Agency) November 7th report, India's Gujarat chemical industry has been severely hit by a sharp decline in exports to the United States, and the industry is now turning its attention to China for breakthroughs. Currently, due to the 25% tariff imposed by the US on Indian chemical products, this has seriously weakened India's competitiveness in the US market, causing its exports to almost stagnate. In addition, India highly depends on Chinese supply of basic chemical raw materials, and its finished chemical products are about 20% more expensive than similar products in China. Analysts believe that shifting to China will open up new paths for India's chemical and pharmaceutical industries, and is expected to help its companies reduce costs and revitalize their competitive position in global trade. First, China can provide key raw materials for intermediate industries such as pharmaceuticals and dyes; second, introducing Chinese automated systems can significantly reduce production costs; third, strengthening Sino-Indian cooperation can help Indian companies learn from advanced Chinese enterprise practices and promote joint ventures and technological development. Currently, the easing of Sino-India bilateral relations and new direct flights have eased the import pressure on key raw materials for India, but the efficiency of regulatory approval and the reliability of the supply chain will determine the speed and effectiveness of this shift.
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