September 17, 2007 (NewKerala.com)- The Confederation of Indian Industries (CII) today signed an MoU with Eco Securities India Pvt Ltd, one of the leading companies in carbon credit business, to address the potential within the Indian Micro Small and Medium Enterprises (SMEs) and ensure benefits to them from carbon abatement initiatives.
Addressing a seminar here, CII SME Forum Chairman and SBI Managing Director T S Bhattacharya said, ” The Indian SMEs are on their way to becoming global leaders and this MoU is another major milestone in this direction. ” He said the deal would enable entrepreneurs to reach out to the grassroots level of SMEs and ensure benefits from developing Clean Development Mechanism (CDM) projects adding that it was the first CDM project to be regisered worldwide.In 2006, through micro SMEs, medium enterprises were included in this act to emphasise on foreign and domestic investments in this sector.
” There is a need for all stakeholders in the Centre, state government, industries, banks and financial institutions to raise the productivity of this sector in the country and particularly in West Bengal, ” he stated.
Eco Securities, having a presence in over 20 countries across the world, was the first such company in India which guided greenhouse gases emission reduction projects.
Through the CDM project, Eco Securities would work to ensure 12 per cent growth in the national GDP through small scale industries.
The other potential areas where the partnership will work includes biogas, biomass, water heat recovery and power sector.