India mulls zero-duty imports from US to fast-track trade pact, with strict rules of origin.

India is contemplating the possibility of zero-duty imports from the United States in multiple sectors, including those covered by the Production Linked Incentive (PLI) scheme, in a bid to accelerate a bilateral trade deal and undo reciprocal tariffs. However, this proposal comes with a condition of stringent rules of origin, mandating a 30-40% value addition. This move aims to boost trade relations between the two countries and foster economic growth.

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