+
Schneider Electric Advocates Energy Incentives
POWER & RENEWABLE ENERGY

Schneider Electric Advocates Energy Incentives

Schneider Electric, a global leader in energy management and automation, has called for government incentives to promote energy efficiency in India. CEO Anil Chaudhry emphasized the need for policy support and incentives to encourage industries to adopt sustainable practices. He highlighted the importance of energy efficiency in reducing the carbon footprint and fostering sustainable development. Schneider Electric advocates for a comprehensive regulatory framework that supports renewable energy initiatives and energy conservation measures.

India?s energy sector is undergoing a significant transition towards renewable energy sources, and energy efficiency plays a crucial role in this shift. Schneider Electric believes that government incentives can accelerate the adoption of energy-efficient technologies, leading to substantial energy savings and reduced environmental impact. The company stresses the importance of public-private partnerships in driving this change, where government support can enhance corporate responsibility and sustainability efforts.

Chaudhry pointed out that energy efficiency is not only beneficial for the environment but also for economic growth. By reducing energy costs, businesses can improve their competitiveness and contribute to a more resilient energy infrastructure. Schneider Electric?s call to action includes the need for technology advancements and the implementation of smart energy management systems. These systems can optimize energy use in industrial operations, significantly lowering energy consumption.

The company also underscores the necessity of a robust policy framework that incentivizes clean energy adoption and supports the energy transition. This includes measures such as tax benefits, subsidies for energy-efficient equipment, and regulatory standards that mandate energy conservation practices. Schneider Electric?s initiatives align with India?s broader goals of combating climate change and ensuring energy security.

In conclusion, Schneider Electric?s appeal for government incentives is aimed at fostering a sustainable and efficient energy landscape in India. By promoting energy efficiency through supportive policies and incentives, India can achieve its environmental and economic objectives, paving the way for a greener and more sustainable future.

Schneider Electric, a global leader in energy management and automation, has called for government incentives to promote energy efficiency in India. CEO Anil Chaudhry emphasized the need for policy support and incentives to encourage industries to adopt sustainable practices. He highlighted the importance of energy efficiency in reducing the carbon footprint and fostering sustainable development. Schneider Electric advocates for a comprehensive regulatory framework that supports renewable energy initiatives and energy conservation measures. India?s energy sector is undergoing a significant transition towards renewable energy sources, and energy efficiency plays a crucial role in this shift. Schneider Electric believes that government incentives can accelerate the adoption of energy-efficient technologies, leading to substantial energy savings and reduced environmental impact. The company stresses the importance of public-private partnerships in driving this change, where government support can enhance corporate responsibility and sustainability efforts. Chaudhry pointed out that energy efficiency is not only beneficial for the environment but also for economic growth. By reducing energy costs, businesses can improve their competitiveness and contribute to a more resilient energy infrastructure. Schneider Electric?s call to action includes the need for technology advancements and the implementation of smart energy management systems. These systems can optimize energy use in industrial operations, significantly lowering energy consumption. The company also underscores the necessity of a robust policy framework that incentivizes clean energy adoption and supports the energy transition. This includes measures such as tax benefits, subsidies for energy-efficient equipment, and regulatory standards that mandate energy conservation practices. Schneider Electric?s initiatives align with India?s broader goals of combating climate change and ensuring energy security. In conclusion, Schneider Electric?s appeal for government incentives is aimed at fostering a sustainable and efficient energy landscape in India. By promoting energy efficiency through supportive policies and incentives, India can achieve its environmental and economic objectives, paving the way for a greener and more sustainable future.

Next Story
Technology

Minda, Qualcomm Join Forces for Smart Auto Cockpit Tech

Minda Corporation Limited, the flagship of the Spark Minda Group, has announced a strategic partnership with Qualcomm Technologies, Inc. to develop intelligent and connected cockpit solutions for the Indian automotive market. The upcoming smart interface will be powered by Qualcomm’s Snapdragon Cockpit Platform.Commenting on the collaboration, Suresh D, Group CTO of Minda Corporation, said, “This partnership with Qualcomm Technologies marks a major milestone in advancing Minda’s digital cockpit capabilities. By utilising Qualcomm’s cutting-edge automotive platforms, we can now offer se..

Next Story
Infrastructure Transport

Railways Spent Rs 604.7 Billion on Passenger Subsidy in FY24

New Delhi – The Indian Railways provisionally spent Rs 604.7 billion in subsidies during the financial year 2023–24, covering 45 per cent of passenger travel costs, Railway Minister Ashwini Vaishnaw informed the Lok Sabha on Wednesday.In a written response to questions from multiple Members of Parliament regarding the recent rail fare hike, Vaishnaw stated that the Indian Railways continues to offer one of the most affordable transport services globally, ferrying over 7.2 billion passengers annually."The total amount of subsidy provided in FY 2023–24 on passenger travel is provisionally ..

Next Story
Infrastructure Urban

Auto Sector Can Cut Emissions by 87% by 2050: CEEW

India’s automobile industry could reduce its manufacturing emissions by 87 per cent by 2050 through a shift to green electricity and low-carbon steel, according to a study released by the Council on Energy, Environment and Water (CEEW).The report estimates that if original equipment manufacturers (OEMs) and their suppliers target net-zero emissions by 2050, annual emissions could fall from a projected 64 million tonnes of CO₂ (under the business-as-usual scenario) to just 9 million tonnes. This would require OEMs to adopt 100 per cent green electricity and steel suppliers to source 56 per ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?