Digitalising MSMEs sector not only provide significant contribution to the economy but also enable a transition to cleaner forms of energy. Examine (200 Words)
Refer - Business Line
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IAS Parliament 2 years
KEY POINTS
· As 70 per cent of the country’s power consumption is met by coal, the segment’s indirect contribution to global warming is significant. So addressing how to reduce MSMEs’ energy consumption is vital for climate mitigation.
· Digitalisation could accelerate the MSME sector’s clean energy transition, improve energy efficiency and reduce resource use and waste. Here’s how digitalisation could do this:
· India’s small businesses are being encouraged to adopt rooftop solar (RTS). Global Horizontal Irradiation (GHI) can be calculated using satellite data products. GHI is the total amount of shortwave radiation received from the Sun by a surface horizontal to the ground.
· Using high-resolution satellite images, the total footprint of MSME buildings, or, available real estate where RTS could be installed, can be mapped.
· Machine learning provides in-depth understanding of operations in a digestible format. A GIS enabled SCADA system can allow MSMEs to monitor dynamic processes with fixed geographical locations.
· Smart meters would provide past power consumption data, consumer behaviour and consumption patterns. This could then predict future demand. This will eventually allow businesses to optimise their production, reduce consumption, leading to greater revenue margins.
· The Centre and various States have extended support to the MSME sector. West Bengal has begun a geospatial survey of MSMEs aiming to provide technologically advanced infrastructure.
K. V. A 2 years
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IAS Parliament 2 years
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