Government think tank NITI Aayog on Wednesday recommended setting up a national project management agency to implement a programme for MSMEs' transition towards green energy, as India aims to reach net zero carbon emission goal by 2070.

The Aayog, in its report on 'Roadmap for green transition of MSMEs', said the national project management agency (NPMA) should be an independent consultative and advisory entity, to be monitored through an inter-ministerial committee.

It suggested that the NPMA should be responsible for driving the on-ground implementation of the programme by closely working with MSME clusters through an effective and transparent cluster selection process.

India's micro, small and medium enterprises (MSME) industry comprises 69 million (6.9 crore) units, of which about 68.6 million are micro entities.

The share of exports from MSMEs in India's overall exports is 45.7 per cent and its share in Gross Value Add (GVA) in GDP is 30 per cent. MSMEs' share in manufacturing is 36.2 per cent and the sector employs about 250 million (25 crore) people.