Local manufacturing to get boost amid curbs on Chinese imports

After having imposed restrictions on imports from China, the Centre is shortly expected to roll out a series of concessions to investors keen on manufacturing on Indian soil. These may range from getting land of choice more easily to set up factories to loans at extremely attractive rates and production-linked incentives.

A separate financing body is planned for this sector to provide loans at rates lower than 5%-6%.

As many as 20 sectors have been identified for production-linked incentives. These include textiles, leather and leather goods, industrial machinery, furniture, agro chemicals, auto parts, masks, sanitisers and food processing, two top officials told DH.