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India targets key sectors to reduce import dependence under IPEF

The sectors under scrutiny include chemicals, automobiles, pharmaceuticals, advanced technology, electronics, and critical minerals, all deemed vital for national security and economic resilience.Read more

Rangarajan alerts against inefficient ‘Import substitution’ in Atmanirbhar boost

India aims for an average annual real growth rate of 6-7% to achieve a per capita income exceeding $13,000 by 2024. Read more

Deputy Air Chief inducts chaff manufacturing plant to cut import dependence

Established under the Make in India initiative, this facility will produce various chaff sizes for aircraft such as the Mirage 2000 and MiG 29.Read more

Lazard report suggests India is on track on becoming a global manufacturing hub

Finance Minister Nirmala Sitharaman emphasised support for MSMEs and labour-intensive manufacturing, including the extension of the Mudra loan limit from Rs 1 million to Rs 2 million.Read more

Imports of medical device surged in India in fy23-34 to Rs 688.85 billion

This marks a 13% increase, with disposables accounting for nearly 17.6% of the growth.Read more

Budget 24-25: Customs duty reforms will help manufacturing and promote exports

New customs duty rates are proposed for commodities from lifesaving medicines to rare earth minerals.Read more

Poly Medicure calls for import substitution in upcoming Budget; Himanshu Baid

Currently around 70% of medical devices and equipment worth nearly Rs 500 billion used in India are imported. The current duty structure for these imports ranges from 7.5% to 10%.Read more

DGTR launches inquiry for dumping of Chinese guard rails following complaints

If the investigation confirms that dumping has harmed domestic manufacturers, the DGTR will recommend imposing anti-dumping duties on these imports. Read more

India needs to tackle Chinese and other steel imports; Ranjan Dhar, AMNS India

India is already a net importer of steel for FY24 and two months into FY25, with exports continuing to decrease in the face of rising Chinese imports.Read more

EV import scheme can affect Hyundai’s business

This policy will enable foreign OEMs to set up manufacturing bases in India, and also enter the domestic sales market, which will also intensify competition in the industry.Read more

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