Government identifies 120 items for local production push
The Indian government has identified 120 products for a domestic manufacturing push to reduce import dependency, particularly from China. The strategy includes short-term protection, financial incentives, and R&D support to bolster local production across sectors like chemicals, pharmaceuticals, and machinery.
Why it matters
This initiative represents a significant shift toward economic self-reliance and supply chain diversification, directly impacting global trade dynamics and industrial policy.
NEW DELHI: Government has identified around 120 products, including intermediates and capital goods, for domestic manufacturing push and to reduce dependence on imports, with a separate plan for tunnel boring machines in the works after China imposed restrictions on their shipments.As part of the exercise, which is being driven by the department for promotion of industry and internal trade (DPIIT), the range of products includes chemicals such as acetic acid, pharmaceutical products and inputs, medical technology related items, machine tools, including some textile looms, construction equipment, cranes, products used in the aerospace sector as MROs (maintenance, repair and operations) are coming up in the country. Besides, the list also includes some consumer goods, including products that are part of the footwear value chain, persons familiar with the discussions told TOI.While discussions are currently underway with other govt agencies, three types of intervention are planned.
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