Tag: import substitution
CII president R Mukundan projects 7% growth for India, seeks GST Council-like body to drive reforms
New Delhi: The Indian economy is likely to expand about 7% this fiscal year as most companies are seeing growth opportunities despite cost pressures due…
Go for making products usually imported: Piyush Goyal
New Delhi: Commerce and industry minister Piyush Goyal Monday asked Indian manufacturers to identify goods that can be produced locally for eliminating their imports, noting…
Rupee depreciation forces Indian firms to adopt Yuan payments, boost local sourcing
Kolkata: Many Indian companies are seeking to mitigate the impact of the rupee’s slide against the dollar by shifting part of their payments for purchases…
Industry seeks concessional imports via SEZs
New Delhi: In a move aimed at supporting import substitution and manufacturing in India, industry has suggested that the Centre allow imports from major import…
SEZ sale relaxation in Budget FY27 to help promote import substitution, job creation: Commerce Secretary Rajesh Agrawal
New Delhi: The Budget’s proposed conditional relaxation to allow special economic zone (SEZ) units to sell goods in the domestic market will help promote import…