CNN Central News & Network–ITDC India Epress/ITDC News Bhopal: A decarbonisation initiative led by the Foundation for MSME Clusters (FMC), supported by HSBC and implemented in collaboration with the Centre for Responsible Business (CRB), has concluded with a strong, measurable impact in the Panipat textile cluster, demonstrating that sustainability can be both practical and profitable for MSMEs.

The project, “Demonstrating Decarbonisation Pathways through Pilots in Textile SMEs,” set out to enable MSMEs to transition towards low-carbon operations and in doing so, with the recommendations, has projected reduction in annual emissions up to 5655.60 tonnes of CO2, developed bankable proposals of INR 39.94 crore for green financing for MSMEs and unlocked annual cost savings of 6.47 crore across participating enterprises.

Conceived at a time when textile MSMEs face increasing pressure from global sustainability standards but limited access to finance, technology and technical know-how, the initiative aimed to bridge this gap by demonstrating scalable, business-friendly decarbonisation pathways.

Anchored in Panipat, India’s leading recycled textile hub, the project focused on strengthening both environmental performance and global competitiveness of MSMEs, proving that climate action need not come at the cost of growth.

What distinguishes the initiative is FMC’s ecosystem-driven, implementation-first approach. Moving beyond awareness, the project engaged 40 MSMEs, including 16 pioneering enterprises that received intensive support through diagnostic assessments, customised decarbonisation plans, technology linkages, and facilitation of green finance.

A series of targeted BDSP promotion events further strengthened the ecosystem by bringing together MSMEs, financial institutions, and technical experts, resulting in 215 enterprises being sensitised and creating strong linkages with service providers. These interventions translated into real interest and action around energy audits, solar adoption, digitalisation, and cleaner production processes, areas critical for both cost efficiency and compliance with global standards.

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