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Adopting energy-efficient measures, renewable energy solutions, and advanced technologies could save Rs 370 million annually in energy costs and reduce CO2 emissions by 1,36,581 tonnes across 66 units in seven key Micro, Small, and Medium Enterprise (MSME) clusters, according to a study. The study was conducted by the Centre for Study of Science, Technology and Policy (CSTEP). It focused on decarbonisation in the MSME sector, which refers to the reduction or elimination of carbon dioxide emissions.
Despite the potential cost and CO2 reduction benefits, the study indicated that an initial investment of Rs 900 million would be required across these clusters. The study covered units in Alathur, Asansol-Chirkunda, Bengaluru, Delhi-NCR, Coimbatore, Ludhiana, and Tiruppur. It included energy and emission-intensive sectors such as pharmaceuticals, refractories, aluminium die-casting, bakeries, and textiles units in these clusters.
(Source: Indian Express)
Finance remains the most pressing of these challenges. As noted by the Lok Sabha Standing Committee on Finance, India’s MSMEs face a staggering credit gap of Rs 20–25 trillion.
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Read moreIn this interaction, Ram Iyer, Founder and CEO, Vayana, elaborates on challenges faced by MSMEs in accessing finance and probable solutions to ease their situation.
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INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
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