Great focus has been given by the ministry and government over the last years on expanding the adoption of clean technologies and also supporting the growth of startups as well as MSMEs.
Samit Jain, Managing Director, PLUSS Advanced Technologies said that none of this will bear fruit, unless the government takes drastic steps to improve infrastructure and lower production costs for MSMEs.
“Power infrastructure has to be upgraded in all industrial areas. Further simplification of labour laws is necessary and reducing the compliance costs. Clearances for pollution control need to be streamlined and made simpler for organisations to adhere to. To further R&D, direct funding or grants to industry is necessary, rather than through universities. Industry needs to be able to control and drive new investments in research. Energy circularity needs to be promoted by giving incentives to industry and commercial infrastructure that are able to significantly demonstrate reuse of energy. Just like being done for reuse of water. This will grow major segments like thermal energy storage, that is gaining prevalence in Europe but not yet in India,” said Jain.
