: Commerce Ministry identifies 102 items with 57.66% share in imports to map domestic production opportunities #FinanceIndia #StockMarketNEWS Commerce Ministry identifies 102 items with 57.66% share

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Commerce Ministry identifies 102 items with 57.66% share in imports to map domestic production opportunities #FinanceIndia #StockMarketNEWS
Commerce Ministry identifies 102 items with 57.66% share in imports to map domestic production opportunities New Delhi, April 26 (KNN) The Ministry of Commerce and Industries has identified 102 items with a share of 57.66 per cent in total import from March-August 2021 to explore domestic production opportunities.

There are 18 common items out of these 102 items which have both high share and high growth rate.

To meet the domestic demand and generate employment opportunities, the Ministry has encouraged the Industry Associations, manufacturers to explore domestic capacity expansion in these 18 items.

Promoting the vision of Atmanirbhar Bharat Abhiyaan, the Department of Commerce has analyzed import items at HS 8 digit level and have categorized the items accordingly.

These 102 items have been consistent import growth drivers or have held consistently high share across long, medium and short terms.

The report has suggested to give emphasis on 18 common items which have been consistently growing and hold a significant share consistently across the long, medium and short terms.

Gold, natural gas, crude palm oil, parts of telephonic/telegraphic apparatus, crude soya-bean oil, waste and scrap of stainless steel etc. make up the list of 18 common items. (KNN Bureau)

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