Curbs On Import Of Non-Essential Items Yield Results
Financial Express Mumbai|November 06, 2023
EFFORTS BY THE government to bring down non-essential imports and diversify the sources of these imports have started making an impact in sectors like petroleum, automotive tyres, televisions and pharmaceuticals (active pharma ingredients), a senior official said.
MUKESH JAGOTA
Curbs On Import Of Non-Essential Items Yield Results

The steps taken to curb these imports include progressively increasing the percentage of blending in auto fuels to make a dent in the biggest item of imports - petroleum crude. In other sectors, procedural restrictions, closer monitoring of incoming shipments, prescribing quality standards and creating space for domestic manufacturing have been tried.

The sectors which were targeted for reducing import dependence were petroleum, gold, tyres, televisions and other electronics, pharma raw materials, edible oils and other areas for which production linked incentive schemes are functioning.

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