India Forms Expert Groups to Boost Domestic Manufacturing, Reduce Import Dependence
Synopsis
India is boosting domestic manufacturing. Six expert groups will identify 100 products to reduce import dependence. This initiative aims to promote local production for both Indian and global markets. The move also seeks to curb foreign exchange outflow. These groups will submit their final list within three weeks. This will strengthen India's economy.
New Delhi: The government has constituted six sector-specific working groups to identify as many as 100 products for promoting their domestic manufacturing and reducing import dependence, an official said.
"The aim is to promote indigenisation of those products," the official said.
The groups will discuss the list of items for the purpose, and the final list prepared by them will be submitted to the cabinet secretariat within three weeks.
The six groups are on pharmaceuticals, biotech and medical devices; chemicals and petrochemicals, textiles and footwear; capital goods, automotive and electric vehicles, advanced capital goods; energy; construction equipment and infrastructure; and defence and aerospace (only for items with civilian applicability) and electronics.
The members of these groups are from different ministries and departments, including commerce, DPIIT, Niti Aayog, pharmaceuticals, economic affairs, science and technology, chemicals, textiles, heavy industry, ports and shipping, electronics and IT, road transport, new and renewable energy, and oil.
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SUBMIT
These groups will be chaired by the secretary in the Department for Promotion of Industry and Internal Trade (DPIIT).
These groups will identify products that are either not manufactured in India or are produced in inadequate quantities to meet the country's requirements.
The objective is to expand manufacturing for both domestic and global markets.
The move is also aimed at reducing the outflow of foreign exchange, as it is hurting the value of the Indian currency. India's imports were up 7.5 per cent to USD 775 billion in 2025-26.
The products which were mainly imported by India in the last fiscal include -- crude oil (USD 174 billion), vegetable oil (USD 19.5 billion), fertiliser (USD 16 billion), ores and minerals (USD 14.12 billion), Coal, Coke & Briquettes (USD 27.9 billion), chemicals (about USD 28 billion), artificial resins, plastic materials (USD 22.75 billion), machinery (USD 61.73 billion), transport equipment (USD 34.75 billion), and electronic goods (USD 116.2 billion).
