WRI Inks Pact with Indian Industry to Promote Green Business

WRI Inks Pact with Indian Industry to Promote Green Business

The World Resources Institute and the Sohrabji Godrej Green Business Centre of The Confederation of Indian Industry (CII) agreed today to collaborate on various projects to advance sustainable enterprises in India.

The agreement was announced during the Green Power 2004 Conference organized by the CII, the U.S. Agency for International Development and ICICI Bank, in Mumbai.

"With India's rapid emergence in the global economy, we are pleased to partner with the country's premier industry association in harnessing technology innovation, entrepreneurship and markets to achieve secure and sustainable growth, said Dr. David Jhirad, WRI's vice president for science and research. "Indian and U.S. industry can start implementing energy and environmental solutions that enhance security, achieve climate stability and eradicate poverty".

Under the agreement, the CII and WRI will set up a program to assess, measure and report greenhouse gas emissions following the internationally accepted Greenhouse Gas Protocol developed by WRI and the World Business Council for Sustainable Development.

CII and WRI will also help to expand markets for renewable Electric power, promote sustainable enterprises and build public-private partnerships to attract significant investment in green technology, following WRI's New Ventures model.

"We are pleased to collaborate with the World Resources Institute, given its experience and expertise in working with businesses in lessening their environmental impact and ensuring long-term sustainability," said S. Raghupathy, senior director and head of the CII Godrej Green Business Centre. "In partnership with WRI, we look forward to being Asia's leading institute for sustainable business and technology solutions."

"The agreement between CII/GBC and WRI is being supported by the U.S. Agency for International Development, New Delhi (USAID) and is reflective of the agency's commitment to help develop indigenous capacity to advance environmentally sound, climate friendly strategies, policies and practices in India," said S. Padmanaban, senior Energy and Environment advisor, USAID.

The agreement will initially run for one year, though both organizations envision that it could extend to four years.

The CII Sohrabji Godrej Green Business Centre is a joint initiative of the Government of Andhra Pradesh in India, the Pirojsha Godrej Foundation, and the Confederation of Indian Industry. Technical support is provided by the U.S. Agency for International Development.