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Synopsis
The minister observed that a large amount is being paid by the MSMEs for power consumption, which contributes to up to one-fifth of the overall production costs.
Gadkari said, I am confident that MSMEs will stand together in generating and consuming solar power using their rooftops.
NEW DELHI: Union minister Nitin Gadkari on Friday invited MSMEs to avail concessional debt finance to install rooftop solar for business efficiency.
The Minister for Micro, Small and Medium Enterprises (MSMEs) and Road Transport & Highways said rooftop solar offers an excellent value proposition to MSMEs by significantly bringing down cost of electricity consumption, which on an average, is up to one-fifth of their operations cost.