OUR STAFF REPORTER LAHORE - Small & Medium Enterprises Development Authority (SMEDA) and International Division of German Federal Ministry for Economic Cooperation and Development have signed a Memorandum of Understanding to cooperate in the area of Industrial Energy Efficiency improvement in Small & Medium Enterprises (SMEs) of Pakistan. Straehle Martin, Project Coordinator, bfz gGmbH, Germany and Iqbal A Kidwai, General Manager, Operations and Outreach Division, SMEDA singed the MoU on behalf of their respective organizations. The objective of this partnership is to optimize energy efficiency by introducing latest tools & techniques so that the industry may work economically, more efficiently and ecologically sustainable manner to ensure sustainable economic and social development. Under the aegis of MoU both organizations will jointly conduct detailed energy audits and implement energy management system with active participation of concerned Industrial Associations. The partnership also includes trainings & seminars on the subject of Industrial Energy Efficiency for industry professionals and academic institutions. All activities under the said MoU would be supported by the German Federal Ministry for Economic Cooperation and Development.