MSME Secy urges small companies to focus on substituting imports

Substitution of imports can be a major propeller of growth of small and medium enterprises, MSME Secretary K K Jalan said on September 19, singling out toys manufacturing as an example. The government’s foremost interest in development of Micro, Small and Medium Enterprises (MSMEs) is employment generation, and import substitution can help in creating jobs […]

Substitution of imports can be a major propeller of growth of small and medium enterprises, MSME Secretary K K Jalan said on September 19, singling out toys manufacturing as an example.

The government’s foremost interest in development of Micro, Small and Medium Enterprises (MSMEs) is employment generation, and import substitution can help in creating jobs for MSMEs, Jalan said at an industry meet in Delhi.

Taking the example of toy manufacturing on the sidelines of the event, he said instead of importing toys from China, “let us manufacture here“.

Source: Economic Times