Govt starts work on steps to increase domestic resilience
NEW DELHI: Wiser from the experience of disruptions caused by the war in West Asia, govt departments have started work on a series of measures to increase domestic resilience and reduce vulnerabilities caused by shocks, whose frequency has increased in recent years.
From identifying 100-150 items for import substitution , to boosting the production of active pharamceutical ingredients and checking the entry of cheap shipments, ministries have initiated discussions and drawn up specific steps.
Energy is on top of the heap, with measures to increase the green hydrogen footprint, bolster solar and green energy, especially storage capacity being taken up on a war footing. The road map worked out at the PMO's behest is being implemented through ministries, with regular monitoring by top officials from Seva Teerth, officials told TOI.
The plan itself was worked out over eight to 10 weeks and came along with immediate steps to ensure that the economy is not hit by shortages, be it energy or other inputs and raw materials that come from West Asia.
In parallel, steps that address structural vulnerabilities in the medium- to long-term have been initiated, a high-ranking official said.
Some of the measures taken since the war broke out on Feb 28 are likely to continue, including diversified sourcing. For instance, there will be lower reliance on imported LPG and greater penetration of piped natural gas is being prioritised.
While a coal gasification initiative has been approved by the Union cabinet, govt intends to channelise some of this gas to fertiliser plants to reduce imports. A senior official said six-seven projects are going to be pushed aggressively in addition to ones under implementation.
The petroleum ministry is also expected to announce measures as part of a plan to step up focus on exploration of oil and gas within the country. A similar push is also expected in the case of rare earth and critical mineral, where an MoU involving Assam and Nagaland is among the initial steps.
From identifying 100-150 items for import substitution , to boosting the production of active pharamceutical ingredients and checking the entry of cheap shipments, ministries have initiated discussions and drawn up specific steps.
Energy is on top of the heap, with measures to increase the green hydrogen footprint, bolster solar and green energy, especially storage capacity being taken up on a war footing. The road map worked out at the PMO's behest is being implemented through ministries, with regular monitoring by top officials from Seva Teerth, officials told TOI.
The plan itself was worked out over eight to 10 weeks and came along with immediate steps to ensure that the economy is not hit by shortages, be it energy or other inputs and raw materials that come from West Asia.
In parallel, steps that address structural vulnerabilities in the medium- to long-term have been initiated, a high-ranking official said.
Some of the measures taken since the war broke out on Feb 28 are likely to continue, including diversified sourcing. For instance, there will be lower reliance on imported LPG and greater penetration of piped natural gas is being prioritised.
While a coal gasification initiative has been approved by the Union cabinet, govt intends to channelise some of this gas to fertiliser plants to reduce imports. A senior official said six-seven projects are going to be pushed aggressively in addition to ones under implementation.
The petroleum ministry is also expected to announce measures as part of a plan to step up focus on exploration of oil and gas within the country. A similar push is also expected in the case of rare earth and critical mineral, where an MoU involving Assam and Nagaland is among the initial steps.
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