World Bank to invest green into Faridabad
Under the United Nation’s Global Environmental Facility (GEF) fund, the World Bank (WB) has finalised five clusters in India – Faridabad, Ankaleshwar, Kolhapur, Pune and Tirunelveli – to make MSMEs energy efficient.
Rajeev Chawla, president, Faridabad Small Industries Association (FSIA) wants to transform Faridabd into a green MSME city. He said, “Around 150 units of Faridabad would be the direct beneficiary of this project and it would help them to curtail the energy consumption at their units.”
According to him this is a step towards helping the local MSMEs to enhance their product quality and to empower their domestic and global market ambitions, which as of now, “is lacking due to price constraints.” To ensure this multi-pronged objective, he intends to involve all stake holders.