DPIIT eyes Budget FY28 push to localise 100 import-heavy items - from pharma to machinery
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The DPIIT plans to push for local production of 100 import-heavy items in the upcoming Budget FY2027-28.
- ✓The government wants to reduce dependence on foreign goods like machinery and pharma.
- ✓A source said, "A final call on incentives to promote production of the identified 100 items domestically is to be taken."
Story at a Glance
- Category
- Indian Markets
- Reported By
- Business Line
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Final call on incentives to promote domestic production, reduce import dependence to be taken by Finance Ministry
The government is weighing the option of providing targeted support measures in the upcoming Budget (FY2027-28) to scale up domestic production and check imports of about 100 critical products, including capital goods and intermediate components across key industries like chemicals, auto parts, defence and aerospace, electronics and construction equipment.
"The Department for Promotion of Industry and Internal Trade (DPIIT) has completed a joint exercise with line ministries and industry stakeholders on identifying high-import items where local manufacturing does not happen or is insufficient. It is likely to submit the final proposal to the Finance Ministry shortly," a source tracking the matter said.
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