Latest news with #AkashTripathi
Time of India
6 days ago
- Business
- Time of India
East and West Godavari to drive energy-efficient tech under new Rs 1k crore scheme
Visakhapatnam: The Union ministry of power recently launched the 'assistance in deploying energy efficient technologies in industries and establishments' (ADEETIE) scheme, backed by a govt budget of Rs 1,000 crore. While the West Godavari district of Andhra Pradesh has been selected for the overall scheme, both East and West Godavari districts have been chosen for participation in the glass–refractory sector. The scheme, being implemented by the Bureau of Energy Efficiency, aims to accelerate the adoption of advanced energy-efficient technologies in micro, small, and medium enterprises (MSMEs). Of the Rs 1,000 crore budget, Rs 875 crore has been earmarked as interest subvention to facilitate concessional financing for energy-efficient upgrades, while Rs 50 crore has been allocated for implementation and capacity-building activities. The initiative is expected to leverage total investments of over Rs 9,000 crore, including significant contributions by MSMEs themselves. As part of the national rollout, the Bureau of Energy Efficiency (BEE) has appealed to Andhra Pradesh to take immediate and focused action in scaling up the implementation of the ADEETIE scheme. States have been urged to engage their state-designated agencies to proactively educate stakeholders, identify eligible clusters, and provide end-to-end support to MSMEs for a seamless technology transition. Additional secretary, ministry of power, and director general, BEE, Akash Tripathi, said that ADEETIE is a major boon to the MSME sector. "We urge all states to capitalise on this opportunity from the very beginning to ensure the scheme's success and maximise benefits for their industries," said Tripathi. The scheme provides comprehensive support—from investment-grade energy audits and detailed project reports to financing assistance and monitoring and verification—ensuring measurable energy savings, reduced costs, and enhanced productivity. BEE secretary, Milind Deore, stressed the importance of state-level engagement: "The role of SDAs is crucial in outreach, handholding, and scaling the scheme. By working closely with stakeholders, states can ensure their MSMEs become globally competitive and environmentally responsible," said Deore. ADEETIE is operational across 60 industrial clusters and 14 energy-intensive sectors, including textiles, foundries, and food processing, among others. A phased, cluster-specific approach is being adopted to tailor interventions and ensure measurable outcomes. According to the BEE officials, the Union government sees this scheme as a pivotal tool not only for post-pandemic recovery, but also for long-term sustainability, job creation, and achieving India's climate and net-zero goals. The ministry of power has specially acknowledged the proactive role of states like Andhra Pradesh, Telangana, Kerala, Karnataka, and Tamil Nadu, while calling upon all states to rise to the occasion and make ADEETIE a turning point in India's clean industrial growth. Get the latest lifestyle updates on Times of India, along with Friendship Day wishes , messages and quotes !
Time of India
7 days ago
- Business
- Time of India
Centre picks Medak for pharma energy scheme
1 2 Hyderabad: The Centre has selected Medak district in Telangana to promote global energy efficiency technologies in the pharma industryunder the Assistance in Deploying Energy Efficient Technologies in Industries and Establishments (ADEETIE). Through this scheme, MSMEs are expected to reduce energy consumption by 30 to 50%, enhance their power-to-product ratio, and support the creation of green energy corridors. The Centre has allocated Rs 1,000 crore for the scheme across the country. Being implemented by the Bureau of Energy Efficiency (BEE), the scheme aims to accelerate the adoption of advanced energy-efficient technologies in MSMEs. BEE has called upon all state govts to act swiftly and ensure the successful implementation of ADEETIE, urging engagement with state-designated agencies (SDAs) to inform stakeholders, identify suitable clusters, and assist MSMEs in transitioning to new technologies. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad ADEETIE is being rolled out across 60 industrial clusters and 14 energy-intensive sectors, such as textiles, foundries, and food processing, through a phased and cluster-specific approach targeting precise interventions for tangible outcomes. BEE has selected five states for the ADEETIE scheme to promote global energy efficiency technologies in the pharma industry, including Telangana. Apart from Medak, the scheme will also be implemented in Baddi, Madgaon, Ahmedabad, and Bidar for pharma sector innovation. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indian NRIs Are Getting Eligible For INR 2 Lakh Monthly Pension On Retirement. Invest 18K/M Get Offer Undo by Taboola by Taboola "ADEETIE is a big boon to the MSME sector," said Akash Tripathi, additional secretary, ministry of power and director general, BEE, urging all states to leverage this opportunity from the outset to ensure the scheme's success and optimise benefits for their industries. From the ₹1,000-crore budget, ₹875 crore is designated as interest subvention to facilitate concessional finance for energy-efficient upgrades, with ₹50 crore earmarked for implementation and capacity-building. The initiative is projected to mobilise investments of over ₹9,000 crore, including substantial contributions from MSMEs themselves. The Union govt views the scheme as an essential tool for post-pandemic recovery and for fostering long-term sustainability, employment generation, and the pursuit of India's climate and net-zero objectives. Get the latest lifestyle updates on Times of India, along with Friendship Day wishes , messages and quotes !
Hans India
02-08-2025
- Business
- Hans India
Medak selected for BEE's ADEETIE scheme for pharma
Hyderabad: In a significant move to strengthen India's MSME sector and promote sustainable industrial practices, the Ministry of Power has launched the Assistance in Deploying Energy Efficient Technologies in Industries and Establishments (ADEETIE) scheme, backed by a Rs 1,000-crore central budget. Launched nationally from Panipat, the scheme is being implemented by the Bureau of Energy Efficiency (BEE) and is designed to fast-track the adoption of advanced energy-efficient technologies in MSMEs—an economic backbone employing millions and driving innovation across sectors. BEE has selected 5 states for implementing ADEETIE scheme including Telangana to promote global energy efficiency technologies in pharma industry. Apart from Baddi, Madgaon, Ahmedabad and Bidar, Medak in the Telangana was selected under ADEETIE Scheme for Pharma. As part of the national rollout, BEE has appealed to all State Governments to take immediate and focused action in scaling up implementation of the ADEETIE scheme. States have been urged to engage their State Designated Agencies (SDAs) to proactively educate stakeholders, identify eligible clusters, and provide end-to-end support to MSMEs for seamless technology transition. The Ministry of Power has specially acknowledged the proactive role of states like Telangana, Andhra Pradesh, Kerala, Karnataka and Tamil Nadu, while calling upon all states to rise to the occasion and make ADEETIE a turning point in India's clean industrial growth. 'ADEETIE is a big boon to the MSME sector,' said Akash Tripathi, Additional Secretary, Ministry of Power and Director General, BEE. 'We urge all states to capitalize on this opportunity from the very beginning to ensure the scheme's success and maximize benefits for their industries.' Of the Rs 1,000-crore budget, Rs 875 crore is earmarked as interest subvention to ease access to concessional finance for energy-efficient upgrades, while Rs 50 crore is allocated for implementation and capacity-building. The initiative is expected to leverage total investments of over Rs 9,000 crore, including significant lending by MSMEs themselves. The scheme provides comprehensive support—from Investment Grade Energy Audits (IGEA) and Detailed Project Reports (DPRs) to financing assistance and Monitoring & Verification (M&V)—ensuring measurable energy savings, reduced costs, and enhanced productivity. MilindDeore, Secretary, BEE, emphasised the importance of state-level engagement: 'The role of SDAs is crucial in outreach, handholding, and scaling the scheme. By working closely with stakeholders, states can ensure their MSMEs become globally competitive and environmentally responsible.' ADEETIE is operational across 60 industrial clusters and 14 energy-intensive sectors, including textiles, foundries, and food processing, among others. A phased, cluster-specific approach is being adopted to tailor interventions and ensure measurable outcomes. The Centre sees this scheme as a pivotal tool not just for post-pandemic recovery, but for long-term sustainability, job creation, and achieving India's climate and net-zero goals.
The Hindu
01-08-2025
- Business
- The Hindu
Centre offers ₹1,000 crore to MSMEs for energy efficiency initiatives
In a significant move to strengthen the country's MSME sector and promote sustainable industrial practices, the Ministry of Power has launched the Assistance in Deploying Energy Efficient Technologies in Industries and Establishments (ADEETIE) scheme, backed by a ₹1,000 crore Central budget. Launched nationally from Panipat, the scheme is being implemented by the Bureau of Energy Efficiency (BEE) and is designed to fast-track the adoption of advanced energy efficient technologies in MSMEs, an economic backbone employing millions and driving innovation across sectors. As part of the national rollout, BEE has appealed to all State Governments to take immediate and focused action in scaling up implementation of the ADEETIE scheme. States have been urged to engage their State Designated Agencies (SDAs) to proactively educate stakeholders, identify eligible clusters, and provide end-to-end support to MSMEs for seamless technology transition. 'ADEETIE is a big boon to the MSME sector,' Akash Tripathi, Additional Secretary in the Ministry of Power and Director General of BEE said. 'We urge all States to capitalise on this opportunity from the very beginning to ensure the scheme's success and maximise benefits for their industries,' he added. Secretary of BEE Milind Deora explained that the MoP has selected five States for implementing the scheme, including Telangana, to promote global energy efficiency technologies in the pharma industry. Apart from Baddi, Madgaon, Ahmedabad and Bidar, Medak has been selected under the ADEETIE scheme for the pharma sector. Of the ₹1,000-crore budget, ₹875 crore is earmarked as interest subvention to ease access to concessional finance for energy efficient upgrades, while ₹50 crore is allocated for implementation and capacity-building. The initiative is expected to leverage total investments of over ₹9,000 crore, including significant lending by MSMEs themselves, media advisor (south) to BEE A. Chandrasekhara Reddy said.
Hans India
28-07-2025
- Business
- Hans India
Maximise benefits of `1,000 cr scheme, Centre urges states
Vijayawada: In a major step towards strengthen India's MSME sector and promote sustainable industrial practices, the ministry of power has launched the Assistance in Deploying Energy Efficient Technologies in Industries and Establishments (ADEETIE) scheme, backed by a Rs 1,000-crore Central budget. Launched nationally from Panipat, the scheme is being implemented by the Bureau of Energy Efficiency (BEE) and is designed to fast-track the adoption of advanced energy-efficient technologies in MSMEs—an economic backbone employing millions and driving innovation across sectors. As part of the national rollout, BEE has appealed to all state governments to take immediate and focused action in scaling up implementation of the ADEETIE scheme. States have been urged to engage their State Designated Agencies (SDAs) to proactively educate stakeholders, identify eligible clusters, and provide end-to-end support to MSMEs for seamless technology transition. 'ADEETIE is a big boon to the MSME sector,' said Akash Tripathi, additional secretary, ministry of power and director general, BEE. 'We urge all states to capitalize on this opportunity from the very beginning to ensure the scheme's success and maximize benefits for their industries.' Of the Rs.1,000-crore budget, Rs 875 crore is earmarked as interest subvention to ease access to concessional finance for energy-efficient upgrades, while Rs 50 crore is allocated for implementation and capacity-building. The initiative is expected to leverage total investments of over Rs 9,000 crore, including significant lending by MSMEs themselves. The scheme provides comprehensive support—from Investment Grade Energy Audits (IGEA) and Detailed Project Reports (DPRs) to financing assistance and Monitoring and Verification (M&V)—ensuring measurable energy savings, reduced costs, and enhanced productivity. ADEETIE is operational across 60 industrial clusters and 14 energy-intensive sectors, including textiles, foundries, and food processing, among others. A phased, cluster-specific approach is being adopted to tailor interventions and ensure measurable outcomes. Apart from Kochi, Bhuvneshwar, West Godavari of Andhra Pradesh was selected under ADEETIE Scheme for fisheries. Apart from Ambala, Firozabad, Chirkunda, East and West Godavari of AP have been selected for glass and refractory Sector. The Union government sees this scheme as a pivotal tool not just for post-pandemic recovery, but for long-term sustainability, job creation, and achieving India's climate and net-zero goals. The ministry of power has specially acknowledged the proactive role of states like Andhra Pradesh, Telangana, Kerala, Karnataka and Tamil Nadu, while calling upon all states to rise to the occasion and make ADEETIE a turning point in India's clean industrial growth.
