Import substitution polcy gets a leg up
05-Jun-2026
The government is reinforcing its import substitution policies, even as tariffs for foreign goods are being whittled down under a flurry of bilateral free trade agreements. It has constituted six working groups to finalise a list of 100 products currently not being manufactured in India at the required scale for focused policy support to boost local production.
The six groups will focus on electronics, pharmaceuticals and medical, capital goods, auto and electric vehicles, advanced capital goods, chemicals, construction equipment, defence and aerospace, and energy.
News Source:- https://www.financialexpress.com/policy/economy/import-substitution-polcy-gets-a-leg-up/4259387/?ref=economy_hp
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