Govt looks for ways to push output of induction stoves, petchems to shield households from oil spikes

The government is exploring ways to increase domestic production of induction cookers, petrochemicals, and other essential industrial inputs, as the West Asia war shows signs of continuing for some time, according to two people in the know.Officials from the department for promotion of industry and internal trade (DPIIT), the power ministry and the directorate general of foreign trade (DGFT) reviewed strategies to boost output in sectors that could face supply disruptions if the war continues for the next few months, said one of the people mentioned above.“Discussions centred on accelerating production of induction cookers and vessel heaters, strengthening the petrochemical value chain, and ensuring adequate availability of gunny (bori) bags—seen as critical for both industrial use and agricultural supply chains,” the other person said.The government has already taken pre-emptive steps by cutting import duties on several key petrochemical products to cushion against potential shortages and price spikes.Officials said the move is part of a broader contingency framework, with ministries preparing for multiple scenarios, including a prolonged conflict that could disrupt shipping routes, inflate logistics costs and tighten availability of critical inputs.The government on Thursday announced a temporary waiver on customs duties for select essential petrochemical imports, which will remain in force until 30 June.

The move aims to support supply chains across key industries, including pharmaceuticals, chemicals, textiles, and manufacturing, ensuring the steady availability of crucial inputs amid global uncertainty.Industries that rely heavily on petrochemical raw materials— including plastics, packaging, automotive components,