Being a sustainable business that endures for generations is one of our core beliefs. The building sector in India is thriving and contributing immensely towards our country’s economic growth. That said, there is an immediate need to introduce green concepts and techniques in this sector, which can sustainably aid growth.
Micro, small, and medium enterprises (MSMEs) are an integral part of the Indian economy, contributing to 33 per cent of India’s GDP and roughly 40 per cent of exports. Compared to large scale industries, the vulnerability of MSMEs to increasing energy prices is very high, and they end up paying a huge amount in terms of per-unit cost of energy.
In 2015, the Government of India set a huge renewable energy capacity target of 175 gigawatts (GW) by 2022, for transitioning to a low-carbon pathway. Of this, 40 GW was expected to be achieved through decentralized and rooftop scale solar projects.
The country today is facing the unenviable dilemma of trying to provide cheap electricity to all industrial and commercial enterprises, while trying to ensure that the deep-rooted problems of the distribution sector are resolved.