New Delhi, July 30 -- Emphasising that the world is now entering an era of new alignments in the global supply chain, CEO and Secretary General of PHDCCI, Ranjeet Mehta, said that the imposition of a 25 per cent tariff on goods exported to the United States will have a momentary impact on India's Micro, Small and Medium Enterprises (MSMEs).

Speaking to ANI, Mehta said that this provides an opportunity for India to scale up its businesses.

"We are now entering an era of new alignments in the global supply chain. The US is also recalibrating its trade policy by imposing tariffs on major exporting economies like China, Vietnam, Bangladesh and India. There will be a momentary impact on our MSMEs, but we see this as an opportunity, also. Thi...