DPIIT collaborates with 24 sectors to boost production, exports, reduce imports

Share via:

The Department for Promotion of Industry and Internal Trade (DPIIT) is spearheading efforts across 24 sub-sectors, including furniture, aluminium, agrochemicals, and textiles, to fortify domestic manufacturing, elevate exports, and curtail imports, as per an official statement.

“Make in India has achieved significant milestones,” the commerce and industry ministry conveyed, noting its shift towards ‘Make in India 2.0’, now focusing on 27 sectors.

DPIIT is orchestrating action plans for 15 manufacturing sectors, while the Department of Commerce oversees 12 service sectors, the ministry announced.

“DPIIT’s alignment with these 24 sub-sectors reflects India’s industrial strengths and competitive advantages,” the ministry highlighted. These sectors were chosen based on criteria such as import substitution, export potential, and enhanced job opportunities.

The outlined sub-sectors encompass a wide range: furniture, air-conditioners, agri produce, electronics, textiles, and more, as the ministry detailed.

“Efforts are underway to holistically boost growth within these sub-sectors,” the ministry affirmed, emphasizing a coordinated approach.

Investment promotion spans ministries, state governments, and Indian missions abroad. “Invest India actively facilitates investor identification and support,” the ministry stated, outlining the comprehensive investment outreach initiatives.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

DPIIT collaborates with 24 sectors to boost production, exports, reduce imports

The Department for Promotion of Industry and Internal Trade (DPIIT) is spearheading efforts across 24 sub-sectors, including furniture, aluminium, agrochemicals, and textiles, to fortify domestic manufacturing, elevate exports, and curtail imports, as per an official statement.

“Make in India has achieved significant milestones,” the commerce and industry ministry conveyed, noting its shift towards ‘Make in India 2.0’, now focusing on 27 sectors.

DPIIT is orchestrating action plans for 15 manufacturing sectors, while the Department of Commerce oversees 12 service sectors, the ministry announced.

“DPIIT’s alignment with these 24 sub-sectors reflects India’s industrial strengths and competitive advantages,” the ministry highlighted. These sectors were chosen based on criteria such as import substitution, export potential, and enhanced job opportunities.

The outlined sub-sectors encompass a wide range: furniture, air-conditioners, agri produce, electronics, textiles, and more, as the ministry detailed.

“Efforts are underway to holistically boost growth within these sub-sectors,” the ministry affirmed, emphasizing a coordinated approach.

Investment promotion spans ministries, state governments, and Indian missions abroad. “Invest India actively facilitates investor identification and support,” the ministry stated, outlining the comprehensive investment outreach initiatives.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

M4 Mac Studio: Here’s what to expect from Apple’s...

Late last month, Apple unveiled the first Macs...

TSMC reportedly halts advanced chip shipments to Chinese companies

After a chip manufactured by Taiwan Semiconductor Manufacturing...

Equal has a plan to fight India’s growing cyber...

India, the world’s most populous country and the...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!