DPIIT Shares List of 24 Key Sectors With Ministeries to Promote Domestic Manufacturing

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Indian Manufactuing sector
  • The Department for Promotion of Industry and Internal Trade (DPIIT) has shared a list of 24 key sectors with respective ministries to make India a self-reliant country.
  • The manufacturing sector contributes about 15% to the country’s economy and the government is aiming to increase it significantly.
  • The Index of Industrial Production (IIP) for April-July contracted by 29.2% The manufacturing sector constitutes about 78% of the IIP.

The Department for Promotion of Industry and Internal Trade (DPIIT) has shared a list of 24 key sectors including food processing, toys, furniture, agrochemicals, and textiles with respective ministries asking them to work on an action plan with a view to boost domestic manufacturing and make India a self-reliant country, an official said.

The list also includes sectors like organic farming, iron, aluminum and copper, electronics, industrial machinery, furniture, leather and shoes, and auto parts. The government aims to make India a self-reliant country in these segments, boost exports, and become a global supplier.

Talking on the issue, the commerce and industry ministry official said, “Each ministry has been sent those sectors to identify their response. What incentives they (sectors) need, what policy tweaking is required, they (respective ministries) should do that. We have given them a preliminary action plan and the ministries will work on that. Each ministry will bring its own policy on these sectors.”

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“Several meetings were held with stakeholders to identify these sectors which have the potential to become global winners and make India a strong manufacturing hub,” the official added.

The DPIIT is working actively on promoting domestic manufacturing of toys and furniture which would help create more jobs and push India’s dwindling exports.

The manufacturing sector contributes about 15% to the country’s economy and the government is aiming to increase it significantly.

The Index of Industrial Production (IIP) for April-July contracted by 29.2% The manufacturing sector constitutes about 78% of the IIP. Exports too contracted by 26.65% to USD 97.66 billion during April-August this fiscal.

The Department for Promotion of Industry and Internal Trade (DPIIT) is a central government department under the Ministry of Commerce and Industry.

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