New Delhi: The India-US trade deal will help to stabilise the global trade and strengthen long-term supply linkages between the two nations, according to domestic renewable industry players, as has been quoted by news agency PTI.
Trade deal to deepen long-term supply chain
The RE players told PTI that reduced tariffs will enable them to reassess export strategies and support stronger long-term supply chains between the US and India. Sameer Gupta, Chairman of Jakson Group, said, “The recent India-US trade agreement is a constructive step towards restoring stability and predictability in global trade for Indian businesses. The reduction in reciprocal tariffs improves export competitiveness and gives companies greater clarity to plan investments and scale operations over the long term.”
Similar sentiment was echoed by Rohit Chandra, Co-founder and CEO of OMC Power. He said, “For the solar sector, the rationalisation of tariffs to 18 per cent is a significant positive, improving price competitiveness and creating clearer, more predictable market access to the US.” The move will boost solar manufacturers in India and increase exports.
Boost for clean energy solutions
Goldi Solar Founder and Managing Director Ishver Dholakiya said that amid increasing demand for clean energy solutions, the agreement with the US puts Indian solar players in a strong place to capture growth, so that India’s role as a source of trusted clean energy soars.
Devansh Jain, Executive Director, INOXGFL Group, also hailed the reduced tariff as significant for the clean energy ecosystem, including solar manufacturing. He opined that now India will compete more with the US market, boosting the country’s long-term growth and export potential. Sumant Sinha, Founder of ReNew, said, “India’s movement on two major trade fronts strengthens business predictability and reinforces global confidence in our growth trajectory. This is huge for business as it accelerates global sentiment towards Indian Inc.”
Trump’s reduced tariff
US President Donald Trump has announced a new trade agreement with India that brings down the reciprocal tariffs on Indian goods to 18 per cent from the previous 50 per cent. Trump also claimed that India won’t buy Russian oil anymore and would increase imports from the US.
In August 2025, Trump announced a 25 per cent reciprocal tariff and a 25 per cent levy on India’s purchase of Russian oil. It badly hit certain exporter segments that were facing competition from goods from Vietnam and China, which were subject to lower tariffs than those in India. According to reports, this latest move from the US President has come as a relief to the exporters.