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2014-01-30

Malaysian SMEs to tap India\\\'s solar market

Malaysian SMEs can leverage on their expertise in solar panel manufacturing to meet the needs of solar energy in Karnataka.

Malaysian small and medium enterprises (SMEs) can leverage on their expertise in solar panel manufacturing to meet the needs of solar energy in Karnataka.

 

Federation of Karnakata Chambers of Commerce and Industry (KCCI) president R. Shivakumar said the state requires solar panel manufacturing because it is planning to generate 2,240 megawatts (MW) of solar energy stage by stage.

 

"The scope is there because you are an expert in making the panels. You could utilise it by trading or setting up factories around Bangalore," he said on the sidelines of a networking session between Federation of KCCI and Malaysia's SME delegation.

 

There are also other sectors that Malaysian SMEs can venture into such as aerospace, building materials and infrastructure, said Shivakumar.

 

These firms can take advantage of potentials in the proposed Mumbai-Bangalore Economic Corridor, which is expected to generate investments of more than $50 billion and create 2.5 million jobs.

 

Besides that, the Karnataka state government will also unveil a new industrial policy in April that will address the needs of various industries.

 

It is also learnt that the Indian government is liberalising the railway and construction (housing) sectors, which will open up the market for parts and components for the railway sector, solar panels and light-emitting diode lighting for the residential sector.

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