MSME sector can create 1 crore employment opportunities in 4-5 years

MSME jobs

India’s MSME sector has the potential to create up to 1 crore new jobs in the next 4-5 years by focusing on developing the enterprises in certain segments through partial substitution of imports, a report has said.

The report by Nomura Research Institute (NRI Consulting & Solutions) on the country’s micro, small and medium enterprises (MSMEs) said dedicated focus on developing MSMEs in select segments can create additional 75 lakh to 1 crore employment opportunities in the next 4-5 years through partial substitution of imports.

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