News > Be prepared against tariff walls on exports by nations undergoing green transition: FM to industry

Be prepared against tariff walls on exports by nations undergoing green transition: FM to industry

16/12/2022 04:42 PM | Click to read full article

Finance Minister Nirmala Sitharaman on Friday asked the Indian industry to be prepared against “tariff walls” which are likely to be imposed by nations undertaking green transitions, on Indian exports, especially steel products. Sitharaman further noted that with many European nations looking to relocate to other countries for setting up manufacturing facilities, out of China, India should look to make use of this opportunity and present itself as a viable manufacturing hub for Europe. 

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