MSME must cut down energy costs to increase profits!

- Advertisement -

MSMEThursday, October 09, 2014: Amset Energy system officials while promoting the conservation of energy for further consumption on Tuesday said that the micro small and medium enterprises sector (MSMEs) should emphasis more over reducing the energy costs required for manufacturing in order to maximize their profits. They even stated that this exercise would also result in benefit of environment.

During the lecture on ‘Energy Saving- A low hanging fruit for SMEs’ which was organised by Federation of Karnataka Chambers of Commerce and Industry, S Kannan, managing director, Amset Energy Systems said that owing to the huge energy consumption during lengthy supply chain process, there is a need to alter the machine efficiency in the factory.

He further highlighted that by managing the energy costs, the companies will be able to develop better idea over what can be done to increase the profitability. He added, “As of now, consumption is higher than actual capacity. The MSME sector should focus on bringing this consumption in line with how much we can afford to use.” While winding the event, chairman, Energy Committee, FKCCI, said that collective efforts of companies, the policy makers and governments would help in efficient use of energy.

- Advertisement -

Related Artcles

Buzz

CloudBees

CloudBees Appoints New CEO

0
CloudBees, a software delivery platform for businesses recently announced the appointment of Anuj Kapur as the President and Chief Executive Officer. Before he was...
Legado

Legado Acquires B2B Tech From WonderBill

0
Legado, an open document and data platform specialist, recently announced the acquisition of consumer and B2B bill management technology from WonderBill. Established in 2016,...
AstroPay

AstroPay Appoints New CFO

0
AstroPay, a global payment solutions provider recently announced the appointment of Fayyaz Ansari as the Chief Financial Officer. He has worked for over two...

Exclusive

“Inquisitiveness To Explore Makes A Big Difference…”

0
There are many who aspire to hold prestigious positions at big corporate houses, but very few are willing to work hard enough for it....
Japanese, InnovationLab

InnovationLab Unveils Additive PCB Production

0
InnovationLab, a printed electronics company, “from lab to fab,” recently claimed that it has achieved a breakthrough in additive manufacturing of PCBs, which in...

EV Sales Leap More Than 200%YoY in July

0
Reaching 79,720 units, the total EV sales in July 2022 increased 8.8% MoM and more than 200% YoY. Major EV registrations for the month were...

Important Sectors

Legado

Legado Acquires B2B Tech From WonderBill

0
Legado, an open document and data platform specialist, recently announced the acquisition of consumer and B2B bill management technology from WonderBill. Established in 2016,...
Moon

Hyundai and Kia Partner For Moon Exploration

0
Hyundai and Kia recently announced a joint venture and signed a research agreement with six Korean research institutes to form a consultative body that...
Sceye Rises to Stratosphere WIth HAPS

Sceye Rises to Stratosphere WIth HAPS

0
Sceye, a High-Altitude Platform Stations (HAPS) manufacturer, recently announced that it successfully reached the stratosphere on June 14, 2022, where the main aim was...
Intel, Digital India, CPU

Intel’s CPU Delay Throws Off TSMC’s Plans

0
A market research firm out of Taiwan TrendForce recently enunciated on the chip market and supply chain, on August 5 Intel postponed the Meteor...
Reality AI, Renesas, RTOS

RTOS Compatible MPUs by Renesas

0
Renesas Electronics recently unveiled the RZ/A3UL group of microprocessors (MPU) that claims to enable a high-definition human-machine interface (HMI) and quick start-up for applications...

Manufacturing

Polymatech Will Invest USD 1 Billion On Expansion

0
Polymatech semiconductor manufacturing and packing facility is expected to produce 250 million chips per year with an investment of USD 1 Billion. The company will...

Third-largest by 2026: Indian Auto Sector

0
Going by the latest report of Invest India, the automotive sector will reach the mark of $300 billion by 2026. It will make India...

Flex Sees Growth With Smart Cities Mission

0
Flex CEO Revathi Advaithi, who started with the benign manufacturing field and now sits at the helm of this multinational company, considers the growing...

RISC-V Global Summit From December 12th to 15th, 2022

0
RISC-V International has the dates for its 2022 Global Summit North America. The event is a full in-person schedule at San Jose, California. Attendee...

World’s First 3nm Chips by Samsung

0
The 3-nanometer (nm) manufacturing node using the Gate-All-Around (GAA) transistor architecture by Samsung Electronics has begun. This production, when matched to its 5nm process, consumes...