Indian CCTV firms likely to benefit from U.S.-China direct trade war

Indian CCTV makers capitalize on U.S.-China trade war, eyeing export opportunities and growth with new government regulations.

The trade war between the United States and China is expected to create business opportunities for Indian CCTV makers to export to the U.S., which is perhaps the biggest market for the device in terms of value. Though the U.S. had banned Chinese made CCTV cameras in government procurement due to allegations of cybersecurity violations, the private sector sourced them. But this might decline due to steep tariffs.

“With this trade war going on between China and U.S., it brings in a huge opportunity for domestic manufacturers like us for even exporting to U.S.,” said Sanjeev Sehgal, Founder & Managing Director, Sparsh CCTV, among top three players in the segment.

“We are working hard toward how we can get maximum benefit out of it,” Mr. Sehgal told The Hindu.

“Because there is no clarity now, we need to see once all the things settle down and take a decision. So, we are seeing a good number of inquiries coming from U.S.,” he said.

To start with, the firm would export to the U.S. and depending on the opportunity, it may set up a manufacturing unit there.

Sparsh CCTV has already set up a subsidiary in the U.S. and is establishing a joint venture in Saudi Arabia to expand into those key markets.

The company, which started focusing on exports since January this year, is expecting its exports volume to surge from 1-2% of the turnover now to about 20% this fiscal year.