Frost & Sullivan report green progress among Indian companies
Indian companies are increasingly becoming aware of sustainable practices and adoption of these, as they realize that it will help mitigate their sustainability issues and bring business benefits in the future, business consultancy firm Frost & Sullivan has said.
A team of experts from the Manufacturing & Process Consulting Practice of Frost & Sullivan assessed the level of adoption of green manufacturing practices at manufacturing sites across the country and selects the best practices from these sites, the company said in a press release.
"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'. 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," said Nitin Kalothia, Associate Director, Manufacturing & Process Consulting Practice, Frost & Sullivan, South Asia & Middle East notes,