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Auto components major Motherson on Friday said it has entered into a joint venture with Japan's Sanko, a player in material handling sector to provide sustainable packaging solutions in India and Europe. The joint venture (JV) will contribute to greater efficiencies in material handling with cost reduction in overall logistics spending, Motherson said in a statement. This partnership with Sanko is a strategic, synergistic diversification for the group, Motherson Chairman Vivek Chaand Sehgal said. "We believe that reimagining packaging as an engineered solution versus a simple commodity can bring immense logistics, cost, and value efficiencies to supply chains," he said. More importantly, Sehgal said, "We see this collaboration as another way to support our customers in achieving their sustainability goals." Sanko President Toshihiko Goto said, "We believe we can contribute more to Motherson's and our valuable customers by combining Motherson's strong global presence and our long .
Fresh from paying a visit to Maha Kumbh Mela in Prayagraj, billionaire Gautam Adani on Monday said the world's largest human gathering is not just religious but a blueprint for sustainable civilisation. "As India marches towards becoming a global superpower, we must remember: our strength lies not just in what we build, but in what we preserve," he said. "The Kumbh isn't just a religious gathering it's a blueprint for sustainable civilisation." In a blog on LinkedIn, he said the Kumbh Mela is a reminder for that true scale isn't measured in balance sheets but in positive impact on human consciousness. "In the Kumbh, we see the essence of India's soft power - a power not rooted in conquest but in consciousness, not in dominance but in service. India's true strength lies in its soul, where growth is not just economic power but a confluence of human consciousness and service. "This is the lesson Kumbh teaches us - that true legacy is not in structures built, but in the consciousness
JK Tyre & Industries on Tuesday said it has received a USD 100 million sustainability-linked loan from the International Finance Corporation (IFC). The funding includes USD 30 million for JK Tyre and up to USD 70 million for Cavendish Industries Ltd (CIL), a subsidiary of the company, the tyre maker said in a statement. The funding will support the company's expansion of passenger car radial (PCR) tyre capacity at the Banmore plant in Madhya Pradesh, it added. The capital would also be utilised to expand truck and bus radial (TBR) production capacity at CIL's Laksar plant in Uttarakhand, it added. The initiative aims to promote energy-efficient tyre production, strengthen local supply chains, and create jobs, JK Tyre said. "By aligning financing to sustainability goals, we aim to drive positive environmental and social impact while achieving our growth objectives," JK Tyre & Industries Chairman and Managing Director Raghupati Singhania said. "This reaffirms our commitment to ..
New elements related to sustainability, inclusivity and security are now playing an important role in global trade discussions and they would dictate the future talks, a senior official said on Tuesday. Additional Secretary in the Department of Commerce L Satya Srinivas also emphasised on the importance of adopting a holistic perspective on the commercial significance of free trade agreements (FTAs) for the country. "On the plate of trade, there are vast new dimensions getting added...How do we deal with those new dimensions...These new regulations and new focus areas of present will dictate our trajectory towards the future," he said at CII's Partnership Summit here. Earlier in trade discussions, the main issues which used to figure included reduction or removal of customs duties and non-tariff barriers. In addition to these, now "new dimensions are coming into the trade play which is sustainability and security induced," he said, adding these issues like environment and labour ar
Commerce and Industry Minister Piyush Goyal on Monday called for promoting sustainable consumption patterns to cut carbon footprint and resolve issues of environment. He said that people of the world would have to focus on consuming products which are environmentally sustainable. "We need to be conscious of the waste and carbon footprint due to our current lifestyle patterns. This is going to be a core of a better future for the world. Unless we address the consumption patterns, we are not going to resolve sustainability and environmental challenges," Goyal said. The minister was addressing CII's Partnership Summit here. He added that environmental challenges are not a function of the carbon emitted through manufacturing, but "it is a greater function of the carbon caused by (our) consumption because manufacturing comes only because there is a consumption demand". He suggested managing that demand in a better and more sustainable way. Speaking at the event, M K Nir Barkat, Minist
For 29-year-old Shilpa K Nayana, nothing, not even her four-month-old baby son, Rio aka Rayan Nayana Arjun, could come in the way, as she pitches her already award-winning project Jalam, at Karnataka Water and Sanitation Sustainability Summit held in Bengaluru. She was among the 20 startup social entrepreneurs shortlisted from 119 applications to pitch their project at the summit on October 29. As the summit wound up late in the evening, six of the 20 were announced as winners of a grant of Rs 25 lakh and a chance to pilot their innovations in collaboration with the Department of Rural Development and Panchayat Raj (RDPR). Nayana's project Jalam, a low-cost water filtration technology that can be used at household level as well as community level, was among the six chosen projects. "The working cost for decontamination of water with my filter that uses nanotechnology is as low as Rs 2 per litre," said the social entrepreneur who envisioned Jalam as her final year project when she w
The cooling market in developing economies is expected to grow from around USD 300 billion to USD 600 billion, at least, per year by 2050, according to a new report. The report by the UN Environment Programme (UNEP)-led Cool Coalition and International Finance Corporation (IFC) said the fastest growth in cooling is expected in Africa, which will see the market multiply by a factor of seven, and South Asia, which will quadruple in size. The report titled "Cooler Finance: Mobilizing Investment for the Developing World's Sustainable Cooling Needs" also called for prioritising passive, energy-efficient, environmentally friendly, and economically viable cooling solutions. It said that about two thirds of emissions related to cooling in 2022 came from developing countries and this share could grow above 80 per cent by 2050. This is due to population growth, economic expansion, and urbanisation. The report found that sustainable cooling technologies can slash cooling-related emissions by
India and the US should aim to enhance agricultural productivity, improve food distribution system, and ensure the usage of sustainable practices to strengthen ties in the agri sector, a senior ITC official said. Both countries should leverage their respective strengths and forge strategic partnerships in the sector, ITC Agri Business Division V P Sanjeev Bhat said at an event here. "The US and India should aim to enhance agricultural productivity, improve food distribution system and ensure sustainable food security solution," he said during a panel discussion in the Indo-US Economic Summit organised by the Indo-American Chamber of Commerce (IACC). Now, India majorly exports seafood, rice and plants to the US and this trade is growing at a three-year CAGR of 20-30 per cent, Bhat said. Currently, India and the US do not have any trade agreement, however, starting from January 2024, both countries have established a Trade Policy Forum (TPF) for trade promotions. The US is the secon