The Biden administration recently imposed harsh tariffs on a number of Chinese-imported medical goods. This action, which is intended to address “unfair trade practices,” comes at a high cost, since the tariff rate on necessities such as rubber gloves increases to 25% from 7.5%.
To avoid an increase in costs, businesses have started looking for suppliers outside of China, and these tariff rises are simply making the process of locating new suppliers faster. India is a promising market worth investigating.
India is a major manufacturing hub for medical disposable and devices. India is becoming the destination of choice for forward-thinking businesses looking to save development expenses due to its low manufacturing costs and large pool of highly skilled workers.
If you’re searching for dependable and reasonably priced medical goods, the Indian market is a great place to start. Amritt Inc. can guide you through this change. Schedule a free consultation today to learn more about the Indian market. Get in touch with us now to find out how you can take advantage of this fantastic new opportunity.