India’s engineering goods sector, spanning industrial machinery, auto components, metals, and open die forging, is navigating a volatile global trade environment, notes rivexa, a digital export marketplace created by mjunction Services Limited (a Tata Steel and Steel Authority of India Limited joint venture).

They also point out that recent US tariffs of up to 50% on Indian exports have introduced challenges for manufacturers and global buyers alike, threatening supply continuity and competitive pricing.

Diversifying beyond the US-UK FTA

The newly-signed India-UK Free Trade Agreement (FTA) is expected to nearly double engineering exports to the UK, reaching $7.5 billion by 2029-30. Duty-free access for industrial machinery, electrical equipment, auto components, and metals presents a strategic opportunity for global buyers seeking alternatives to the US market.

Mitigating tariff impact through strategic sourcing

While US tariffs challenge India’s $434 billion merchandise export engine, rivexa offers solutions to maintain competitiveness. By providing access to a broad ecosystem of skilled suppliers, rivexa helps buyers mitigate some risks, secure quality products, and maintain timely delivery. With a focus on open die forging, sourcing of spares and components, rivexa ensures that even in the face of trade restrictions, industrial buyers can continue operations easily despite market uncertainties.

India sourcing with rivexa

Against this backdrop, rivexa stands out as a beacon, referring to itself as a reliable co-pilot for global buyers. By connecting companies to verified suppliers across open die forging, this marketplace not only addresses the immediate impact of tariffs but also positions buyers to leverage emerging trade opportunities from India.

As of now, interested buyers can register on the digital export house to source industrial goods for various OPEX and CAPEX procurements, drawing-based machined or OEM aftermarket parts, custom and replacement parts.

For sourcing and procurement needs, visit: www.rivexa.com
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About rivexa
rivexa is a digitally driven export marketplace specializing in the sourcing of Industrial Goods while ensuring efficient procurement operations. We make global trade easier by connecting brands with vetted Indian suppliers. This comprehensive B2B platform is backed by mjunction Services Limited – a joint venture between Tata Steel and the Steel Authority of India Limited.