Germany to help SMEs enhance energy efficiency

LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) and the International Division of German Federal Ministry for Economic Cooperation and Development (bfz gGmbH) have signed a Memorandum of Understanding (MoU) for improving industrial energy efficiency and using green production in the Small and Medium Enterprises (SMEs) of Pakistan.

Yousaf Naseem Khokhar, Chief Executive Officer, SMEDA and Werner Lindig, Director and head of bfz gGmbH singed the MOU on behalf of their respective organisations at a ceremony held at SMEDA head office Thursday.

CEO SMEDA while exchanging his views on this occasion was confident that the partnership of Pakistan and Germany under the MOU would optimize energy efficiency by introducing latest tools and techniques in SME sector of Pakistan enabling the local industry work more efficiently and ecologically in a sustainable manner.

He hoped that the initiatives to be taken under this Memorandum of Understanding would ultimately reflect positive impact on sustainable economic and social development of Pakistan.

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