The government is working "vigorously" on import substitution to promote micro, small and medium enterprises (MSMEs) and encourage local manufacturing, a senior official said on Friday.
Additional Secretary in MSME Ministry Ram Mohan Mishra also said that MSMEs have a bright future.
"We are working very vigorously on import substitution not in a negative sense, but so that we have our own manufacturing and services by which we can serve our domestic market," Mishra said.
He was speaking on the sidelines of an awards event organised by SME Street here.
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* * Bharti Foundation, Ericsson set up Robotic Lab in Punjab school
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