DPIIT working closely with 24 sub-sectors to promote manufacturing, exports, cut imports

The Ministry of Commerce and Industry recently announced that 'Make in India' has achieved significant milestones since its launch and is now transitioning to 'Make in India 2.0,' focusing on 27 sectors. The Department for Promotion of Industry and Internal Trade (DPIIT) is collaborating with 24 sub-sectors, including furniture, aluminium, agrochemicals, and textiles, to promote domestic manufacturing, increase exports, and decrease imports. DPIIT is overseeing action plans for 15 manufacturing sectors, while the Department of Commerce is managing 12 service sectors. The selected sub-sectors align with India's industrial strengths, competitive advantages, import substitution needs, export potential, and job creation. Notable sub-sectors include furniture, air-conditioners, electronics, textiles, robotics, medical devices, and sporting goods.

The ministry is actively working to stimulate growth in these sub-sectors through a comprehensive and coordinated approach. Additionally, investment outreach is being conducted through various channels, including ministries, state governments, and Indian missions abroad, to attract potential investors and facilitate their engagement with the Indian market. The overarching goal is to boost the overall economic growth and competitiveness of these sectors.