Govt May Extend Support Measures In FY28 Budget To Boost Domestic Manufacturing

The central government is likely to introduce targeted support measures in the upcoming <b>Budget 2027-28</b> to enhance domestic manufacturing. According to an official, the initiative focuses on boosting the production of <b>100 specific products</b> to curb heavy import dependence across critical industrial sectors. The Department for Promotion of Industry and Internal Trade finalized this list after extensive consultations with various ministries and private stakeholders. These identified items include auto components, chemicals, machinery, and intermediates that currently face insufficient domestic production capacity or lack local manufacturing entirely. Proposed interventions under consideration range from fiscal incentives and research support to trade tariffs and upgraded testing infrastructure. These ministry recommendations aim to scale up local production for both domestic consumption and global export markets ahead of the upcoming budget presentation.