MSMEs to benefit from smart city, renewable energy, and Digital India initiatives
Micro, Small, and Medium Enterprises (MSMEs) and the country’s economy get a boost when sustained major investments take place in sectors that are reliant on high tech and aligned with global trends. While increasing dependence on renewable sources of energy and building new cities that are smart, more resource efficient and meet the administrative needs of the future are some of the global investment trends, information and communication technologies are becoming all pervasive.
India has embarked on a new economic growth model that is well aligned with global technological and developmental trends. Generating 175 GW of electric power from renewable sources of energy of which 100 GW will come from solar power, building 100 smart cities, rejuvenation transformation of around 500 existing mid-sized cities that have a population of around 100,000, digitizing India, and making India a global manufacturing hub are some of the pillars on which the new growth model rests. <br .. <br=””>