Stronger policies needed for cleantech SMEs: report

According to a new report, ‘Clean energy policy landscape in the SME sector’, published by WWF India in association with cKinetics, while India’s move towards clean energy transition has led to the emergence of various startups and SMEs, there are only a handful of policies that help accelerate the growth of these companies to meet India’s clean energy demands. While almost 140 government interventions focus directly or/and indirectly on clean energy and startups and SMEs, only 38 policies actually target SMEs in the clean energy ecosystem, making it difficult for SMEs to reap the benefits of the provisions. The report also attributes the slow growth of India’s mass transition to clean energy to limited policy support mechanisms for R&D and innovation for clean energy segments