India’s glass exports to the US, worth about $150 million, are expected to resume under the India-US trade deal, says the Borosil chairman.
India is poised to restart its lucrative glass export business with the United States, potentially worth around USD 150 million, following the newly agreed India-US interim trade deal, Borosil Renewables Chairman Pradeep Kheruka said in an exclusive interview with ANI.
Kheruka said that high-quality pure glass bottles used in perfumes, colognes and similar luxury products, a segment where India is a global leader, had seen exports to the US largely halt due to the absence of a formal trade agreement in recent years.
“India is a leading manufacturer of high-quality perfume bottles. This sort of trade had stopped; it had halted because of the absence of a trade agreement,” he explained, adding that the removal of trade barriers under the new pact would allow this segment to resume with vigour.
Kheruka highlighted that if India enjoys a competitive tariff advantage compared to other exporting nations under the deal, for example, when competing countries have higher tariffs, the US market could see additional volumes routed through India, boosting glass exports further.
He estimated that before the trade disruption, glass exports to the United States were well over USD 100 million, possibly around USD 150 million, and that this business was set to restart following the interim trade framework between the two countries.
Beyond the US, Kheruka also spoke on broader opportunities arising from international trade agreements, including potential shifts in European manufacturing to India due to labour shortages, which could bolster both the engineering and glass sectors.
Reflecting on the overall outlook, he said the “stars look good for business for India with its large developed country trading partners.”
Source: ANI
