Govt may extend FY28 Budget support to boost manufacturing of 100 products ...Middle East

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. "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 added. The ministry wo

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