DPIIT seeks Fillip for local mfg of 100 goods in budget

New Delhi: The department for promotion of industry and internal trade (DPIIT) has identified 100 products, including machinery, chemicals and plastics, that need policy support to boost domestic manufacturing. It is expected to share the list with the finance ministry as part of its recommendations for the FY28 budget.

The department began examining around 500 heavily imported products in June, including machinery, fertilisers, chemicals, cotton staple fibre, plastics, silicon wafers and carbon fibres, to identify opportunities for domestic manufacturing. The government had also set up six sector-specific working groups as part of the exercise.

High import dependence is defined as imports meeting 60% or more of domestic demand for a product. When imports account for 30% to less than 60% of demand, the dependence is classified as medium. "Along with various stakeholders, we have analysed data such as production capacity and bottlenecks faced by industry in producing these goods locally," said an official, adding that the idea is not only import substitution, but developing an overall ecosystem for domestic manufacturing.


Goyal Meeting

Commerce minister Piyush Goyal met with top representatives of carmaker Skoda Auto Volkswagen on Monday to promote electric vehicle manufacturing in India and increase localisation. "Discussions focused on expanding automobile exports, enhancing India's position as a global automotive manufacturing hub and advancing electric vehicle manufacturing," Goyal's office posted on social media .