Govt Discusses Ways to Encourage Production of Induction Equipment
The meeting, chaired by Commerce and Industry Minister Piyush Goyal, was attended by senior officials, including the Power Secretary, DGFT, and DPIIT Secretary.
New Delhi: The government on Friday held discussions on measures to encourage companies to ramp up production of induction heaters and utensils amid rising demand for these products due to the West Asia crisis, an official said.The crisis has disrupted the movement of ships carrying oil and gas through the Strait of Hormuz, raising concerns over cooking gas supplies and prompting people to rush to buy induction heaters and utensils.
The meeting, chaired by Commerce and Industry Minister Piyush Goyal, was attended by senior officials, including the Power Secretary, the DGFT Secretary, and the DPIIT Secretary.
"We discussed how we can speed up and increase production of induction heaters and vessels (utensils like an induction cooker)," the official said. The demand for these goods is increasing, and they are being sold as hot cakes. The official also said that the country's exports have recorded positive growth during 2025-26 despite global uncertainties.
Both goods and services have recorded positive growth. The final figures will be released by the commerce ministry on April 15.