Greentech Lead India: Adoption of green manufacturing
practices is growing rapidly in India as the companies realize that sustainable
practices and adoption will help mitigate their sustainability issues and bring
business benefits in the future.
“There is an increase seen in the adoption of Green
Technologies over the last decade. However, the Indian companies are still
at a nascent stage in terms of technology adoption and have a long way to go
when compared to their global counterparts. The key evaluation criteria driving
this adoption are return on investment and regulatory requirements,” said Nitin
Kalothia, associate director, manufacturing & process consulting practice,
Frost & Sullivan.
“A positive development noted is that few companies are
chalking out long term sustainability plans and have modified their day-to-day
activities keeping in mind the effect on the environment,” Kalothia added.
The Manufacturing & Process Consulting Practice of
Frost & Sullivan has been assisting companies in their journey towards
adoption of Green Manufacturing practices through its Green Manufacturing
Excellence Awards platform and consulting support.
The 2012 edition of Green Manufacturing Excellence Summit
and Awards took place on 27th April 2012 at Mumbai. It was a culmination of the
rigorous assessment process wherein select best practices from manufacturing
sites were presented at the Summit
The team of experts assesses the level of adoption of
green manufacturing practices at manufacturing sites across the country and
selects the best practices from these sites, which are then presented at the
Green Manufacturing Excellence Summit.
The event hosted a panel discussion on sustainable initiatives
create intrinsic shareholder value and an awards ceremony in the evening.
The best practices shortlisted for knowledge sharing at
the summit were Business Benefits of Sustainability Initiatives by several
leading companies from various industry sectors.
Energy and environment sectors see the greatest convergence,
says Frost & Sullivan
Recently, Frost & Sullivan reported that energy and
environment players see the greatest convergence today from within their own
sector as well as the industrial automation and ICT industries. There is
convergence between energy and automotive markets primarily due to the
emergence of electric vehicles and e-mobility that is driving innovation in batteries,
energy storage, transmission and distribution infrastructure, battery charging
and integration of mobility into the smart home.
editor@greentechlead.com