"Will make industries more globally competitive": State industry bodies on India-US trade deal
Feb 03, 2026
Rajesh B. Lund, President of the Chamber of Commerce, Coimbatore, said the industry has "warmly welcomed" the US tariff reductions announced under the new trade initiative. "This is a landmark achievement, and we wholeheartedly appreciate the leadership of Prime Minister Narendra Modi, whose efforts have opened major opportunities for Indian industry," Lund said. He emphasized that Coimbatore's strong base in engineering, textiles and manufacturing is expected to gain greater access to the US market.