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'Innovations will foster environmental sustainability'-'Going the 'Green' way guarantees success': Experts at CII GreenCo Summit 2019
Indian industry saves over INR 1,257 Crores annually through GreenCo (Green Company) Rating System
CII to facilitate 1,000 GreenCo rated units by 2022

Today, while delivering the chief guest address at the inaugural session of CII GreenCo Summit 2019, Padma Vibhushan Dr. M M Sharma, Past President, Indian National Science Academy, underlined the need & importance of promoting innovations for environmental sustainability. He emphasized that through innovation, liabilities can be converted to assets like converting waste to wealth, and in the process companies can provide higher value to their stakeholders and for the environment. Dr. Sharma appreciated industries for their proactive approach in adopting environmental friendly processes in place of conventional process. He also appreciated on how some of the sectors in Indian industry have become world class and setting new global benchmarks in resource conservation, energy and environmental management, worth emulating by others.

Dr Rene VAN BERKEL, UNIDO Representative, Regional Office India, in his special address said that, he is glad to see how Indian industry is progressing and transitioning towards greener manufacturing. He emphasized that ?Green? leads to economic competitiveness and will lead to industrial transformation. He added that, India needs factories of the future because today?s best practices do not guarantee tomorrow?s success. He called for companies to practice circular economy concept in their operations. He also added that circular economy does not only mean recycling materials but also means using less materials. In other words, circular economy is also about material efficiency, he underlined.

Mr Pradeep Bhargava, Chairman, GreenCo Council, CII Godrej GBC, highlighted that, over 550 companies are adopting GreenCo Rating System and GreenCo rated units have been able to save more than INR 1,257 Crores annually, through implementation of several environment sustainability projects, apart from gaining other intangible benefits. Today, Indian railways, SMEs, Pharma and many other sectors are embracing GreenCo rating, he added. There is brand equity and pride in going the GreenCo way and CII aspires to facilitate 1,000 GreenCo rated units by 2022, underlined Mr Bhargava.

Mr Vikram Kasbekar, Co-Chair, GreenCo Summit 2019 & Executive Director Operations (Plants), Hero MotoCorp called on the need and importance of Indian industry playing a more deeper and wider role in addressing ecological issues and concerns. Economic growth should be inclusive with more job creation and must go hand in hand with environmental sustainability for wholesome development. He congratulated GreenCo rated units on achieving phenomenal carbon dioxide savings to the tune of 1.75 million Tonnes per annum.

Mr S Raghupathy, Deputy Director General, CII delivered the concluding remarks.

FOR THE FAVOUR OF PUBLICATION
4 July 2019

New Delhi

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