New Delhi, April 13 -- Textile importers based in the US are reaching out to Indian exporters, asking them to bear the costs that may emanate from the US tariffs going forward, two industry executives told ANI.

If they agree on the importers requests, the industry will feel the heat of shrinking margins on the exported products, the executives say.

"We got an email from them (US-based importers) day before yesterday asking for a 10 per cent discount on all the shipments going forward. And this is happening as we speak," said Subin Mitra Founder of Groyyo.

Mitra said that while business will come to India but there will certainly be more pressure on margins of the final products than ever before.

As per Mitra the impact of the discount...