Topic
import reduction
Trade India to Include Jewellers in Revamped Gold Monetisation Scheme to Curb Imports
The Indian government is evaluating a proposal to include jewellers in a revamped Gold Monetisation Scheme (GMS) to unlock nearly 30,000 tonnes of idle household gold. The move, supported by meetings with the RBI and industry, aims to cut dependence on imported gold—imports in May 2026 stood at $12 billion. The revised scheme is expected in August 2026.
Commodities Coal Gasification Crucial for India's Energy Security and Import Reduction, Says Minister
Union Coal and Mines Minister G Kishan Reddy emphasized that coal gasification is vital for India's long-term energy security and reducing import dependence. Speaking at a roadshow in Mumbai, he highlighted the National Coal Gasification Mission's target to gasify 100 million tonnes of coal by 2030, enabling domestic production of key products like methanol, hydrogen, and urea. Maharashtra Chief Minister Devendra Fadnavis also invited investors to the state, underscoring energy self-reliance.
Trade India Targets Import Reduction with Localisation Strategy
India's Department for Promotion of Industry and Internal Trade (DPIIT) is analyzing data on the 500 most-imported items to reduce the country's import bill. The initiative aims to enhance domestic manufacturing capabilities and supply resilience.