India mulls zero-duty imports from US to boost trade agreement, with strict rules of origin.

India is contemplating the possibility of zero-duty imports from the United States in different sectors, including those covered under the Production-Linked Incentiv

India is contemplating the possibility of zero-duty imports from the United States in different sectors, including those covered under the Production-Linked Incentive (PLI) scheme, aiming to accelerate a bilateral trade agreement and undo reciprocal tariffs. However, this proposal comes with a condition of stringent rules of origin, demanding a 30-40% value addition. This move is seen as a step towards fostering stronger trade relations between the two nations.