Govt Plans Manufacturing Push For 100 Import-Dependent Products Through Budget Measures

(MENAFN- KNN India) New Delhi, Nov 10 (KNN) The government is likely to announce measures in the Union Budget 2027-28 to boost domestic manufacturing of 100 import-dependent products, including intermediates and capital goods across sectors, an official said.

The Department for Promotion of Industry and Internal Trade (DPIIT) has identified the products after consultations with various ministries and the private sector. These may include automobile components, chemicals and machinery-related goods that are either not manufactured in India or are produced in insufficient quantities.

The DPIIT will share the list with the Finance Ministry as part of its Budget recommendations. Possible support measures include fiscal and non-fiscal incentives, research and development assistance, trade and tariff measures, and improved testing and certification infrastructure.

“The move is aimed at strengthening domestic manufacturing and reducing import dependence. These products are either not getting manufactured in India as of now or are not being manufactured sufficiently at the moment. The objective is to expand manufacturing for both domestic and global markets,” the official said, PTI reported.

Rising Import Dependence

India's chemical imports rose 10.5 per cent to USD 16.1 billion during April-September FY27, according to Commerce Ministry data. Imports of dyeing, tanning and colouring materials increased around 30 per cent to USD 2.7 billion.

Machinery imports, including electrical and non-electrical equipment, grew 15.5 per cent to USD 34.1 billion, while transport equipment imports rose 9.21 per cent to USD 18.21 billion during the period.

The government is also promoting domestic manufacturing through production-linked incentive schemes covering 14 sectors, PM GatiShakti, the National Logistics Policy and the Bharat Audyogik Vikas Yojana (BHAVYA).

The Union Budget 2027-28 is likely to be presented on February 1.

(KNN Bureau)

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