BEE signs agreement with EU for 'green economy'

NEW DELHI: In effort to promote ' green economy', Bureau of Energy Efficiency ( BEE) has signed an agreement with European Union to work towards reducing carbon emission by about 70,000 tonnes in 500 micro and small foundries in Punjab, Rajasthan and West Bengal.

Funded by EU, the project will be implemented by a conglomeration of the Foundation for MSME Clusters (FMC), UNIDO, SIDBI, Indian Institute for Corporate Affairs (IICA), GIZ India, and GRI, Netherlands, within next three and half years.

"We give particular importance to social and sustainable development leading to sustainable growth in our projects," said Arno Schaefer, Minister Counsellor of European Union.

Ajay Mathur, Director General of Bureau of Energy Efficiency, said "BEE will share its resources, knowledge and expertise to undertake collaboration in the project with EU."

"Success will depend on optimizing the mix of appropriate sustainable technology and ensuring profitability," said Prof Y K Alagh, Chairman of Foundation for MSME Clusters.