India Identifies $51 Billion in Critical Imports for Manufacturing to Reduce Reliance on Overseas Suppliers: Report
India identified $51 billion in critical imports for manufacturing, spanning textiles to solar panels, to boost domestic production.
The initiative aims to reduce reliance on overseas suppliers like China, secure supply chains, and cut the trade deficit.
About 100 items from this set will be taken up for immediate action, based on an internal government analysis.
Total imports replaced by local manufacturing could reach $398 billion, according to one government source.
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