Mumbai, Sept. 16 -- To mitigate the impact of high tariffs imposed by the US, several Indian companies in the gems & jewellery, specialty chemicals and textile sectors are turning their gaze overseas, looking to set up manufacturing, repackaging or bottling units, or explore joint ventures.

High tariffs on India announced last month are likely to put pressure on the margins of companies in these sectors and squeeze revenue. Investment bankers, corporate consultants and lawyers told Mint companies with huge numbers of customers in the US were most likely to speed up their expansion plans there.

Sample this: Raft Garments, a manufacturer of knitwear products in circular knits for men, women and children in Tirupur, Tamil Nadu, exports abo...