INDIA SME TECHNOLOGY SERVICES LTD.
A major challenge for the MSME sector is the need for keeping itself abreast with the changing technology to remain competitive. To address the challenge India SME Technology Services Limited (ISTSL) was set up in November 2005 by SIDBI alongwith Indian Bank, Oriental Bank of Commerce, Indian Overseas Bank and State Bank of India, provides a platform for MSMEs to tap opportunities at the domestic and global level for acquisition of modern technologies. ISTSL offers various technical services to MSMEs with a focus on promotion of energy efficient, environment friendly technologies in the MSME sector. Efforts are being made to facilitate reduction in Green House Gases in the MSME sector.
In order to strengthen and accelerate the process of technological modernization in the MSME sector, ISTSL has entered into partnership with various national and international organizations engaged in similar activities. ISTSL took up the project for implementing Energy Efficient technologies in Stainless Steel Re-rolling Cluster of Jodhpur, in association with KfW, Germany. The project is now being taken up for implementing Clean Development Mechanism (CDM) project by implementing Energy Efficiency measures, which are expected to generate CDM revenues, besides reducing the cost of fuel being consumed by the units.
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