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To boost desi cos, curbs likely on tyre, furniture imports

January 27, 2020 05:22 AM

COURTESY TIMES OF INDIA JAN 27

To boost desi cos, curbs likely on tyre, furniture imports
Sidhartha @timesgroup.com

New Delhi:

The government is all set to clamp down on import of furniture and certain types of tyres, especially retreaded ones, amid concerns that cheap goods are flooding the market and pushing out domestic manufacturers.


An official decision is expected over the next few days with a detailed analysis on furniture imports having already been undertaken by the commerce department, sources told TOI. Separately, certain types of gems are also on the radar for import curbs.

In recent months, the government has stepped up its efforts to reduce “non-essential” imports as part of a strategy to boost the ‘Make in India’ initiative, which has been hit by companies holding up investments due to the slowdown. As reported in TOI on December 3, the Centre has identified over 350 “non-essential” imports, from toys and electronics, on which quality standards, higher duties and licensing are being worked out.

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