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Task force Constituted to reduce import
July 14 , 2018
2330 days
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- The government has set up a high-level task force under the chairmanship of Cabinet Secretary P K Sinha to identify various items and policy interventions to reduce dependence on import.
- It will suggest ways to cut import of those items which can be manufactured or explored in the country.
- The task force includes secretaries from Departments of Commerce, Industrial Policy and Promotion (DIPP), Revenue, Skill Development, Defence Production, Petroleum, Steel, Electronics and Telecommunications.
- On an average, India’s imports stand at around US $450 billion per year.
- In financial year 2017-18, the inbound shipments grew about 20% to US $460 billion.
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