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Home > All news > India mulls wider Swadeshi manufacturing policy to cut import dependence amid FY27 Budget preparations

India mulls wider Swadeshi manufacturing policy to cut import dependence amid FY27 Budget preparations

November 22, 2025
Reading Time: 2 minutes

NEW DELHI : In the Budget for 2025-26, the government announced the National Manufacturing Mission, covering certain small, medium and medium industries to further Make in India, with an outlay of Rs 100 crore. The Indian government is considering a broader Swadeshi manufacturing policy to reduce dependence on foreign goods and better navigate unpredictable global trade actions, according to sources.

Inter-ministerial discussions, including with the finance ministry, have begun to explore ways to boost domestic manufacturing and expand the scope of the National Manufacturing Mission (NMM), one government official said.

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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