• 8 - 11 April 2021
  • Pragati Maidan, New Delhi

Indian Government to promote manufacturing of some products to boost market share

In the wake of India-China issues, government of India is pushing forward initiatives like Make in India & Atamnirbhar Bharat to boost manufacturing. In view of that, government aims to aims to attract foreign investments in pre-identified areas, promote joint ventures and support local businesses to expand India's share of global markets, according to news reports.
Indian government is planning to promote the manufacturing of selected products, especially in areas where China enjoys a big share in the global market, as part of efforts to reduce imports and push exports, said Minister of Micro, Small and Medium Enterprises, Nitin Gadkari on Monday.

"The government aims to attract foreign investments in pre-identified areas, promote joint ventures and support local businesses to expand India's share of global markets," Gadkari said at a virtual conference, Reuters reported. "There is an opportunity for India in sectors where China enjoys a big share in the global market," he said.

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