Government to Promote MSME Working in Renewable Energy


Union Minister for Micro, Small and Medium Enterprises (MSME), has addressed a webinar on “Opportunities in Solar & MSME”. He said that the Government is committed to promote renewable energy resources in the country, especially in the MSME sector.

MSMEs with good track record are now being encouraged for capital market. India has tremendous potential and capacity for electricity generation. The solar power rate in India is Rs.2.40 per unit and commercial rate of power is Rs.11 per unit and the cheap power generated through solar energy can be used for automobiles and other developmental works.

The Minister invited investors abroad to invest in Indian MSMEs and expressed hope that this will provide a number of opportunities to MSME sector to become the world’s largest manufacturing hub. Terming MSME sector as the backbone of the Indian economy, Sh. Gadkari said that the sector contributes around 30% in the country’s GDP and provides employment to over 10 crore people.

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