MSMEs are on sustainability path but profitability focus can make the move faster

Quick Summary:

MSMEs contribute a big part to India’s manufacturing output and hence, it becomes critical they adopt energy-efficient technologies to reduce operational costs.

Also availability of market based power from the grid will help more MSMEs adopt renewable energy without making large capex,” adds Iyer.

Acharya points out that incentives being offered by the Indian government are in the form of the Technology and Quality Upgradation Support to MSMEs (TEQUP) scheme and providing capital subsidies for adopting energy-efficient technologies.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Ashish Pandey

Category: Business

Markets: India

Topics: Green solutions Environmental impact MSME Sustainable products GAME Sustainability

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-04 @ 09:59:52 (2 days ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1449 words

Reading Time: 9 minutes read

Sentences: 39 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 21477839

View Article Analysis

About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 2 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 17 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #84

Publisher Details

Frequently Asked Questions