New Delhi, October 1 (KNN) In a major initiative to promote technological advancement and sustainability among Indian Micro, Small and Medium Enterprises (MSMEs), the Federation of Indian Micro and Small and Medium Enterprises (FISME) and IFCI Limited, under the Ministry of Finance, have established . ‘Centre of Excellence for Aspiring SMEs’.

Organized under the Asian Productivity Organization (APO) framework and in collaboration with India’s National Productivity Council (NPC) and Taiwan’s China Productivity Center (CPC), the visit is aimed at bilateral cooperation on smart green technologies. To be strengthened.

A delegation of Taiwanese experts from fields such as fertilizer, solar energy, trade promotion, electronics and construction, who specialize in advanced environmental technologies, presented their innovations at an event held at the NPC office in New Delhi on October 1, 2024. Presented in the meeting.

The initiative, which aims to help fast-growing Indian SMEs acquire cutting-edge technology and form joint ventures (JVs) domestically and internationally, is a strategic step in India’s MSME modernization drive. indicates

The center is expected to focus on building partnerships with key East and Southeast Asian countries, including Japan, South Korea and Taiwan.

The discussion focused on key areas for Indian industry, including wastewater treatment for Common Effluent Treatment Plants (CETPs), e-waste recycling, solar waste management, and circular biotech solutions for the pharmaceutical and agricultural sectors.

Notably, Taiwan’s expertise in wastewater management could prove game-changing for India’s efforts to achieve Zero Liquid Discharge (ZLD) and Zero Waste Disposal (ZWD) standards in CETPs. Ensures sustainable use and better industrial performance.

Taiwanese experts also highlighted innovations in creating a circular ecosystem for e-waste and solar panel recycling, emphasizing the importance of sustainable resource management.

While only a few responses were expected from FISME members due to the short notice of the meeting, two senior officials from the Center of Excellence were deployed to engage with the Taiwanese delegation and explore opportunities for future cooperation.

The meeting also discussed the prospect of Taiwan delegations in the future, where Indian SMEs can explore Taiwan’s advanced manufacturing and green technology solutions for themselves.

Both countries reiterated their commitment to advance resource resilience and energy efficiency in line with the UN’s Net-Zero Resilient Climate Advocacy, with plans for further engagement in 2025.

This collaboration marks a promising leap towards building sustainable, resilient industries in India, with MSMEs at the forefront of technological innovation.

(KNN Bureau)