Import substitution definition

Import substitution means replacing inputs, products or services from out-of-state firms or locations with Iowa inputs, products or services.
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Examples of Import substitution in a sentence

  • It is not critical that the brake be sufficient to hold the dump frame in place at intermediate angles, since it is expected that the operator will have no need to stop mid-rotation.

  • Keeping in line with our national policy i.e. Innovation, Import substitution, and AatmaNirbhar Bharat, your Company has developed several new products, in-house through its strong and highly interactive R&D team which is well equipped with the latest testing instruments, including the TGA test instrument.

  • Table 4: Substitution of declining African meat imports from the EU (absolute changes relative to BAU 2030) Change in 1 000 t LSMAX NITR NCOMBIEUSubstitutionEUSubstitutionNotes: Import substitution of the decline in meat imports from the EU by imports from other regions and African production for serving domestic demand (in bold).Source: CAPRI model results.

  • Import substitution usually is associated with protectionism – the idea is to protect domestic non-competitive industries with trade barriers, so that they could withstand the competition with imported goods and eventually increase their competitiveness and efficiency.

  • Import substitution can be achieved both with import taxes or with an under-valued exchange rate.

  • Import substitution had only partially been attained in durable consumer, intermediate, and capital goods.

  • Import- substitution policies aimed to increase the local benefits of these resources, restricting FDI.

  • Import substitution of ride components has yielded a yearly saving of about ` 38 Lakhs.

  • The concept Import substitution occurs when the government of a country encourages the use of locally made goods and services rather than imported ones.

  • For example, if there is a very long 2 Import substitution companies, according to Bancomext.operation amounting to US$50 million that needs a 7-year term, we will seek to enter together with other banks by syndicating the operation and could assume the longest segment.” Gráfico Nº8.

Related to Import substitution

  • Consumables means where the context permits, Digital Print Consumables, Inkjet Printing System Consumables and Prepress Consumables.

  • Manufacture means the production of products in a factory using labour, materials, components and machinery and includes other related value-adding activities.

  • Sewage sludge means a solid, semi-solid, or liquid residue generated during the treatment of domestic sewage in a treatment works as defined in section 6111.01 of the Revised Code. "Sewage sludge" includes, but is not limited to, scum or solids removed in primary, secondary, or advanced wastewater treatment processes. "Sewage sludge" does not include ash generated during the firing of sewage sludge in a sewage sludge incinerator, grit and screenings generated during preliminary treatment of domestic sewage in a treatment works, animal manure, residue generated during treatment of animal manure, or domestic septage.

  • Manufacturing Facility means buildings and structures, including machinery and equipment, the primary purpose of which is or will be the manufacture of tangible goods or materials or the processing of such goods or materials by physical or chemical change.

  • Sanctioned Territory means a country or territory that is the subject of comprehensive economic Sanctions including, without limitation, Cuba, Iran, North Korea, Syria and the Crimea.