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Commerce Dept maps import substitution, export push amid West Asia concerns
May 20, 2026
@businessline

Commerce Dept maps import substitution, export push amid West Asia concerns

The Commerce Department is looking for ways to cut imports and boost exports because of worries about West Asia and a weaker rupee. They're asking industries for ideas on how to make more things here and sell more abroad. A source said, "The government wants to spare no effort in lowering imports wherever possible."