Govt may extend support measures in FY28 Budget to boost manufacturing of 100 products: Official
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The government may extend support measures in the upcoming Budget to boost domestic manufacturing of 100 products.
- ✓An official said, "The move is aimed at strengthening domestic manufacturing and reducing import dependence." These items include auto components and chemicals.
- ✓The ministry will share these recommendations before the February 1 Budget.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The government is likely to extend support measures in the forthcoming Budget to boost domestic manufacturing of 100 products, including intermediates and capital goods across sectors, an official said.
The Department for Promotion of Industry and Internal Trade (DPIIT), under the Commerce and Industry Ministry, has completed an exercise to identify 100 such products, for which India is heavily dependent on imports.
These goods may include items from sectors such as auto components, chemicals, and machinery.
The official said that the identification exercise was completed after comprehensive consultations with various ministries and the private sector.
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