With the advent of renewable energy, the cost of power should not be a big challenge to the SME market. The Government should support the SME sector to take the path of renewable energy so that we can reduce the cost of production.
In countries like India there are specific funds to help SMES go green. Here, the task has been left to the donor community and NGOs. This should not be the case as most SMEs are using outdated, second hand machines that consume a lot of power. These funds can help SMEs import capital goods for manufacturing, even getting Tax breaks or holidays. The big man mentality where policies are driven by the multinationals is still a big challenge for the policy makers.
Full article: Standard Digital