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India has the potential to create nine lakh green jobs: Dinesh Rai
Government of India has given Rs. 7,000 crore refinancing fund to SIDBI in order keep MSME sector in full sprits during global downturn

The green sector in India can evolve as a strong base of entrepreneurship, job creation, economic development, production and exports. India has the potential to create nine lakh in the biomass sector. The huge MSME base in India can be a source to foster environment sustainability, said Mr. Dinesh Rai, IAS, Secretary, Ministry of Micro, Small and Medium Enterprises (MSME), Government of India.

He was speaking at Green Investor Meet organized by the Confederation of Indian Industry (CII). Speaking about measures taken by the government to keep the MSME sector in full spirits during global downturn, he highlighted that the Government of India has given Rs. 7,000 crore refinancing fund to SIDBI. Besides the stimulus packages, policy initiatives by RBI, the ministry has directed all PSUs for clearing payments to MSMEs within 45 days.

Mr. Rai further stated that the National Manufacturing Competitive Program by the Government of India delegates Rs. 1000 crore in the 11th plan, to a wide domain of climate change like energy efficiency, quality management tools, intellectual property, entrepreneurship & marketing, promotion of lean manufacturing technologies amongst others. The government of India is well informed about the potential of trade in climate change and has come up with many PPP arrangements for greater industry participation in the sector. He called MSME sector to avail ISO 9000 certification. The program will increase competitiveness of Indian MSMEs in global arena, besides attracting incentives of Rs. 75,000 per unit.

Dr. Philip Douglas, First Secretary, Climate, Finance and Technology, British High Commission, DFID India, said that the Copenhagen meet later this year will present a comprehensive agreement for mitigation and adaptation of climate change. The global business is showing leadership in climate change, tremendous opportunity for carbon trading and carbon credits. A better global understanding is required in establishing international carbon finance. Additionally India has insufficient energy supply and the solution is to have a diverse energy supply portfolio, which will have least detrimental impact on the environment.

Sharing a detailed analysis of India's energy needs, Mr. Robin Murphey, Vice President - External Affairs, World Resource Institute (WRI) highlighted that International Energy Association (IEA) predicts that India's energy requirements will double by 2030. Rapid energy requirement will be matched by soaring energy requirements. India's National Action Plan on Climate Change reflects the proactive policies supporting by the government to support climate friendly business.

Earlier the welcome address, Mr. Vijay Chandok, Chairman, CII New Ventures India Steering Committee, CII - Sohrabji Godrej Green Business Centre & Senior General Manager & Head - SME, ICICI Bank highlighted scope in water management, renewable energy, green buildings, and the likes. He highlighted about the New Venture India, initiative taken up jointly with WRI, Washington. Through this program, MSME companies in the green space are mentored and facilitated for investments and market reach. Nine companies in the last two years have got an investment of US$ 20 million through the New Venture Program.

In the concluding remarks, Mr. S Raghupathy, Senior Director & Head, CII - Sohrabji Godrej Green Business Centre pointed out that India has the second largest green building footprint. Around 320 establishments are being developed / in process of development as green building projects spread across 200 million square feet. Green building mission has the potential to replicate India's software growth story. Some areas in India have achieved excellent standards of efficiencies, like the cement sector. The cement Industry consumes about 58 to 60 units per tones as against the energy consumption of 80 units in Japan.

He further added that the environment friendly related business in India faces lack of soft infrastructure support and the CII- Sohrabji Godrej Green Business Centre has a vision to make India a leader in green business.

24th April 2009 - New Delhi

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