Drones, robotics, electric vehicle components in government's 'aatmanirbharta' plan
- IBEF
- September 4, 2020
India is poised to become self-reliant in drones, robotics and electric vehicle equipment. To support this initiative, the Department for Promotion for Industry and Internal Trade (DPIIT) has identified certain ‘focus sectors’ to reduce imports and ramp up domestic production. Among the total 25 focus sectors that the department has zeroed in on, a few sectors will be identified as ‘priority’ with potential for import substitution and boosting exports, and DPIIT would also look at any overlaps with similar initiatives of other ministries. Ceramics and glass, ethanol, ready to eat food, aluminium, gym equipment, toys and sporting goods are the other sectors where India wants to increase its manufacturing and reduce imports. India imports most of these goods from China and the push to reduce dependence on China became aggressive following its recent hostile political and military conduct.
India’s exports to China in the first quarter of FY21 rose 33.17% on year even as the country’s total outbound shipments declined 36.67% in the period. A plan to set up toy labs, a national toy fair and innovative Indian-themed toys is already in the works along with a quality control order for imported toys from September 1 to ensure that only products conforming to standards enter the country. “We are in talks with experts and the private sector, and committees including inter-ministerial ones will be set up going ahead. Private sector has been asked to take lead in this,” said another official.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
Partners
