Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

In a push for Make in India, govt to curb imports of over 350 items: Report

Date: 04-12-2019
Subject: In a push for Make in India, govt to curb imports of over 350 items: Report
The government is looking to reduce imports of more than 350 "non-essential" items such as toys, textiles, footwear and electronic goods to give the Make in India initiative a push, a report in The Times of India has said.

Several ministries, including textiles, electronics and IT and commerce and industry, have been asked to take action on the list of identified products.

Moneycontrol could not independently verify the report.

The government was also considering the suggestion to do away with global tender for government procurement in industries where domestic demand was enough, sources told The Times of India.

Public sector companies had been asked to mention their requirements for products and specifications for the next five to six years to assess domestic demand, the report said.

The first step was expected to be quality control for toys, the report said.

The government might also announce import duty hikes on some products in the budget.

The government is of the view that increasing import duties products such as television sets and mobile phones would give a boost to domestic manufacturing.

Electronic goods form a bulk of India’s trade deficit. Officials say this was due to India signing the World Trade Organization’s Information Technology Agreement, which permits duty-free import of several electronics goods, the report said.

The government was also considering investments from international companies to set up manufacturing facilities in India, the report said.

Source: moneycontrol.com

Infodrive India Pvt Ltd

Delhi :
  F-19, Pocket F, Okhla Phase-I
      Okhla Industrial Area

      New Delhi- 110020
   011 - 40703001

Kolkata :
  5th Floor Stesalit Towers,
      E-2-3, EP & GP Block,

      Sector-V, Salt Lake City,
      Kolkata-700 091
   033 - 71177191

INFODRIVE INDIA Copyright © 1996-2020 InfodriveIndia. All Rights Reserved.
Please read our Terms of Use and Privacy Policy before you use.

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help