Government planning to cut imports to boost local building capacity
Shortpedia
Content Team
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The government is working on a sectoral strategy to reduce import dependence by building local capacity, creating value chains and quickly attaining self-reliance in at least half-a-dozen areas ranging from footwear and furniture to technical textiles and medical equipment to electronics and defence production. The government will provide fiscal incentives credit support and tariff protection to these sectors to boost production.
