ENA Sectors 2024-07-23 18:51:15 <p><span style="font-size:14px"><strong>New Delhi, Jul 23 (KNN)</strong> Finance Minister Nirmala Sitharaman has unveiled a new initiative aimed at enhancing energy efficiency in traditional micro and small industries across India.</span></p> <p><span style="font-size:14px">The scheme, announced as part of the latest budget, will begin with 60 industrial clusters, focusing on sectors such as brass and ceramic manufacturing.</span></p> <p><span style="font-size:14px">The program will involve conducting investment-grade energy audits in the selected clusters.</span></p> <p><span style="font-size:14px">Additionally, the government will provide financial support to assist industries in transitioning to cleaner energy sources and implementing energy efficiency measures in these facilities.</span></p> <p><span style="font-size:14px">According to the Finance Minister, the initial phase will target 60 clusters, with plans to expand to an additional 100 clusters in the subsequent phase.</span></p> <p><span style="font-size:14px">This initiative appears to align with broader government efforts to promote sustainable industrial practices and reduce carbon emissions.</span></p> <p><span style="font-size:14px">The focus on traditional micro and small industries indicates an attempt to modernise sectors that may have been overlooked in previous energy reform efforts.</span></p> <p><span style="font-size:14px">While specific details about the financial support and implementation timeline were not provided, the announcement signals a significant step towards enhancing energy efficiency in India's small-scale industrial sector.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 38719 https://knnindia.co.in/news/newsdetails/sectors/finance-minister-announces-energy-audit-and-upgrade-scheme-for-small-industries 2024-07-23 18:51:15 knnindia.co.in