Lok Sabha Question No. 2816 (UNSTARRED), answered on 2026-03-10
Subject: Economic Growth
Ministry: COMMERCE AND INDUSTRY
Asked by: Shri Eatala Rajender

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT FOR PROMOTION OF INDUSTRY AND INTERNAL TRADE

## LOK SABHA

UNSTARRED QUESTION NO. 2816.

TO BE ANSWERED ON TUESDAY, THE 10 TH  MARCH, 2026.

## ECONOMIC GROWTH

## 2816.  SHRI EATALA RAJENDER:

Will the Minister of COMMERCE AND INDUSTRY be pleased to state: वाणिज्य एवं उद्योग मंत्री

- (a) the  details  of  the  steps  taken  to  accelerate  and  sustain  economic  growth, through scaling up manufacturing in seven strategic and frontier sectors and also through rejuvenating legacy industrial sectors; and
- (b) the present status, funds sanctioned, spent, State-wise?

## ANSWER

## वाणिज्य एवं उद्योग मंत्रालय में राज्य मंत्री ( श्री णिणिन प्रसाद ) THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY (SHRI JITIN PRASADA)

- (a): In  the  Union  Budget  2026-27,  Government  has  announced  a  strategy  for accelerating and sustaining economic growth through scaling up manufacturing in the seven strategic and frontier sectors. The initiatives are as under:
- i. Biopharma  SHAKTI  (Strategy  for  Healthcare  Advancement  through Knowledge, Technology and Innovation) with an outlay of ₹ 10,000 crores over the next 5 years to build the ecosystem for domestic production of biologics and biosimilars.
- ii. Launch India Semiconductor Mission (ISM) 2.0 to produce equipment and materials, design full-stack Indian IP, and fortify supply chains; increase the  outlay  under  the  Electronics  Components  Manufacturing  Scheme, launched in April 2025 with an outlay of ₹22,919 crore, to ₹40,000 crore; and support the mineral-rich States of Odisha, Kerala, Andhra Pradesh and Tamil Nadu to establish dedicated Rare Earth Corridors to promote mining, processing, research and manufacturing.
- iii. Launch a scheme to support States in establishing 3 dedicated Chemical Parks, through challenge route, on a cluster-based plug-and-play model to enhance domestic chemical production and reduce import-dependency.
- iv. Towards  building  capacity  of  capital  goods  sector,  the  following  is proposed:  (a)  Hi-Tech  Tool  Rooms  will  be  established  by  CPSEs  at  2 locations  as  digitally  enabled  automated  service  bureaus  that  locally design, test, and manufacture high-precision components at scale and at

lower cost; (b) A  Scheme  for  Enhancement  of  Construction  and Infrastructure Equipment (CIE) will be introduced to strengthen domestic manufacturing of high-value and technologically-advanced CIE, ranging from  lifts  in  a  multi-story  apartment,  fire-fighting  equipment,  large  and small,  to  tunnel-boring  equipment  for  building  metros  and  high-altitude roads; and (c) A Scheme for Container Manufacturing to create a globally competitive container manufacturing ecosystem, with a budgetary allocation of ₹10,000 crore over a 5 year period.

- v. For the labour-intensive Textile sector, an integrated programme with the following 5 sub-parts are proposed: (a) National Fibre Scheme for selfreliance in natural fibres such as silk, wool and jute, man-made fibres, and new-age  fibres;  (b)  Textile  Expansion  and  Employment  Scheme  to modernise traditional clusters with capital support for machinery, technology upgradation and common testing and certification centres; (c) A  National  Handloom  and  Handicraft  programme  to  integrate  and strengthen existing schemes and ensure targeted support for weavers and artisans;  (d)  Tex-Eco  Initiative  to  promote  globally  competitive  and sustainable textiles and apparels; and (e) Samarth 2.0 to modernize and upgrade the textile skilling ecosystem through collaboration with industry and academic institutions. Further, it is proposed to set up Mega Textile Parks in challenge mode to focus on bringing value addition to technical textiles.
- vi. Launch the Mahatma Gandhi Gram Swaraj initiative to strengthen khadi, handloom and handicrafts. This will help in global market linkage, branding and streamlining and supporting training, skilling, quality of process and production.
- vii. A dedicated initiative  for  sports  goods  that  will  promote manufacturing, research and innovation in equipment design as well as material sciences.

In addition, in the Union Budget 2026-27, introduction of a Scheme to revive 200  legacy  industrial  clusters  has  been  announced  to  improve  their  cost competitiveness and efficiency through infrastructure and technology upgradation.

- (b): The  above  initiatives  have  been  announced  in  the  Union  Budget  2026-27 recently, and no State-wise details on funds sanctioned and spent are available.

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