Apparel industry adopting solar energy in India

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As recent analyses have shown, installing solar in the commercial and industrial sectors performs better than in the residential and institutional sector in India.

The textile and apparel industry is one of the country’s main industries, exporting all over the world. Seeing to capitalize on this, reports the Times of India, an awareness program has been created by Apex Cluster Development Services under the MSME (Micro, Small, and Medium Enterprises) Cluster Intervention Programme (MCIP) of the Small Industries Development Bank of India (SIDBI).

Commenting at an event to unveil the ‘Adoption of solar energy for apparel industry’ program, manager SS Bedi welcomed dignitaries and shared insights about government schemes being implemented for the benefit of the solar industry.

He further said that it was up to businessmen how much they want to take advantage of the scheme, after understanding and fulfilling the formalities.

The event program included various presentations, beginning with financial literacy and the 4E scheme (a financing scheme for end-to-end energy efficiency investments in MSME). This was followed by case studies and the presentation of solar rooftop systems by KV Kiran Kumar, a senior technical expert, who explained the benefits and feasibility of solar energy.

Information on various schemes by the banks was presented by Manoj Kumar, expert (Operations), SIDBI.