Sunday, December 07, 2025 | 11:19 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Centre looks to nudge more MSMEs into manufacturing to reduce imports

Sources across ministries confirmed that Narendra Modi's call to "go vocal for local" will be achieved through a host of measures, running into the dozens, and will focus on long-term goals.

msme, sme, manufacturing, jobs, salary, employees, workers
premium

With the Covid-19 crisis showing no signs of abating, the government is aiming to provide tax incentives and other benefits to medical devices and pharma products, according to sources.

Subhayan Chakraborty New Delhi
Pushing more micro, small and medium enterprises (MSME) into the manufacturing sector, doubling down on a list of non-essential imports that can be quickly produced domestically and laying off the tariff button for now will likely be the
government’s strategy to lower import dependence.

Sources across ministries confirmed that Prime Minister Narendra Modi’s call to “go vocal for local” will be achieved through a host of measures, running into the dozens, and will focus on long-term goals. As part of the effort, the MSME and commerce ministries are discussing a broad range of moves to push small businesses to foray