Govt. To Push Domestic Manufacturing Of 100 Products In FY28 Budget

New Delhi: The Centre is likely to extend support measures in the forthcoming Budget to boost domestic manufacturing and exports as it has already identified over 100 products, including intermediates and capital goods across sectors. The department for promotion of industry and internal trade (DPIIT) has completed an exercise in this regard to curb import in the country, according to the official sources.

As per the sources, the identification exercise was completed after comprehensive consultations with various ministries, the private sector and other stakeholders involved in this process. “The select goods identified may include items from sectors such as auto components, chemicals, and machinery,” the sources said.

The move of the government, however, is aimed at strengthening domestic manufacturing and reducing import dependence. “These products are either not getting manufactured in India as of now or are not being manufactured sufficiently at the moment. The objective is to expand manufacturing for both domestic and global markets for exports,” the official added.

It is learnt that the commerce ministry would share these details with the finance ministry as part of its Budget (2027-28) recommendations. Support measures could include fiscal and non-fiscal measures, R&D support, trade and tariff measures, and strengthening of testing and certification infrastructure.

The Union Budget 2027-28 is likely to be presented on February 1, next year. As per the ministry data, India's chemicals imports rose by 10.5 per cent to $16.1 billion during April-September 2026-27. The inbound shipments of dyeing/tanning/colouring materials were up by about 30 per cent to $2.7 billion in the same period.

“Similarly, imports of machinery (electrical and non-electrical) and transport equipment grew by 15.5 per cent and 9.21 per cent to $34.1 billion and $18.21 billion, respectively, in the first half of this fiscal,” the data showed.