New Delhi, Nov 19, 2008 (Asia Pulse Data Source via COMTEX) -- Government today said it will soon come up with policy interventions, that may include revamping the duty structure, to stimulate demand and revive the industrial confidence hit by global credit crunch.

"The government will come up with specific policy interventions on the fiscal side, which include the duty structure and all other related initiatives to restore confidence in the industry," Minister of State for Industry Ashwani Kumar said here.

Kumar, who met representatives of the business chambers, including CII and PHDCCI, said the government would address the issues raised by the industry "within next 15 days".

The government has already imposed five per cent duty on some steel products and 20 per cent on crude soybean oil to protect the domestic units in these sectors.

The industry sought further reduction in interest rates, re-alignment of duties and fiscal incentives for the key sectors like textile, leather, gems and jewellery,electronic hardware, automotive sector and construction sector.

He said government would strengthen anti-dumping mechanism to protect the domestic industries from cheap imports, particularly from China. The government is keeping a close watch on the chemicals and steel imports from China, Kumar said.

He said yesterday that the government would unveil a Rs 50,000 crore plan for investment in infrastructure projects as a strategy to deal with the demand slowdown in the economy.