India’s cement industry insulated from U.S. tariffs: Parth Jindal

U.S. President Donald Trump’s decision to impose a 50% tariff will not have a direct impact on the cement sector, but it may affect the overall sentiment, says
Parth Jindal
, managing director of JSW Cement.

“As an industry, we are well-insulated from these tariffs. We neither import raw materials nor export finished goods to the U.S., so there’s no material impact on the cement industry. However, it does affect sentiment, particularly among private sector players and international investors,” said Jindal during an interaction with Fortune India after the IPO press conference of JSW Cement in Delhi today.

“Our focus must remain on the domestic economy and the needs of our 1.4 billion people. If that means buying cheaper oil from any one bank, any bargain, so be it, it’s in our national interest,” he said.