Wanbury Limited, an Indian pharmaceutical company, has been spared from US tariff hikes as part of a broader tariff regime announced by President Trump.
The new tariffs will impose duties on imported goods, with India facing a 26% tariff rate, significantly lower than China, Vietnam, and Bangladesh.
Pharmaceuticals, semiconductors, and certain metals have been exempted from the tariffs, benefitting the Indian pharma industry.
Wanbury Limited is preparing for an investors and analysts plant visit after major plant upgrades and reported improved capacity utilization and higher revenues.