Industrial Efficiency refers to the ability of an industrial process or system to minimize waste and optimize the use of resources such as energy, materials, and labor while maximizing output and productivity. It encompasses practices and technologies aimed at reducing costs, enhancing performance, and lowering environmental impact during the manufacturing or production phases. Achieving industrial efficiency often involves the implementation of advanced technologies, process improvements, and innovative management strategies that streamline operations and reduce resource consumption. The goal is to operate in a more sustainable and economically viable manner, enhancing competitiveness in the market and contributing to overall economic growth.
Small and medium enterprises (SMEs) and micro, small, and medium enterprises (MSMEs) hold significant potential in India's economy. Optimizing energy use in these sectors can improve livelihoods, especially for traditionally…