The electronics and IT sector manufacturers are not "overly" concerned about the recent hikes in import duty by India's largest trading partner the US, a top government official said on Monday.
However, the impact will depend on how the tariff situation plays out ahead, Electronics and IT Secretary S Krishnan said.
"We've been in regular consultation with manufacturers in India. That is something that we are speaking to them on an ongoing basis. They are not overly concerned right now, but it also depends on how this whole situation plays out. It's a dynamic situation," Krishnan told reporters at a Cert-In event.
The US on April 3 imposed an additional 26 per cent tariff on Indian goods, effective April 9.
The sector players are of the view that the Indian industries are better placed as compared to their competitors in the electronics segment.