MSMEs’ power costs need to be reined in: Nitin Gadkari

There is a need to reduce logistics, capital and power cost to make Micro, Small and Medium Enterprises (MSMEs) competitive in the international markets and to promote exports, said Nitin Gadkari, Minister for MSME, here on Monday.

“The three challenges that the MSME sector is facing are high logistics cost, capital cost and power costs,” said Gadkari while speaking at the conclave on ‘Enhancing Energy Efficiency in MSME sector’ organised by the Bureau of Energy Efficiency (BEE).

“Steps should be taken to reduce the cost in the areas where it is easy to make the sector competitive and increase its employment potential,” he added.