Policy

Prakash Javadekar suggests incentives for sustainable business practices

Minister of State IC for Environment Forest and Climate Change Prakash Javadekar advocates for tax incentives for sustainable businesses while recognising winners of the CII-ITC Sustainability Awards in New Delhi
Prakash Javadekar suggests incentives for sustainable business practices

Prakash Javadekar, Minister of State (Independent Charge) for Environment, Forest and Climate Change, recognised India’s most sustainable companies at a presentation of the CII-ITC Sustainability Awards in New Delhi.

The awards are a part of the CII-ITC Centre of Excellence for Sustainable Development’s continued efforts to create awareness, promote policy and practices, and create capacity to mainstream sustainability practices. Not only do the awards help reward exemplary enterprises for their pioneering efforts but this recognition also helps create beacons of inspiration for others to follow.

In his speech, Prakesh Javadekar suggested that the Finance Ministry should give tax incentives to companies engaging in sustainable business practices, stating “It is my deep conviction that, going forward, India’s competitiveness will depend on our ability to adapt to sustainability”.

YC Deveshwar, Chairman, Advisory Council, CII-ITC Centre of Excellence for Sustainable Development, extended his sincere admiration to all those companies who have put themselves through the rigorous awards process, reflecting their commitment to a secure and sustainable future.

Chandrajit Banerjee, Director General, Confederation of Indian Industry (CII), congratulated the winners and thanked the Jury members and assessors. He encouraged more companies to take the leap and apply in 2015.

CII-ITC Centre of Excellence for Sustainable Development works to create and sustain an environment conducive to the growth of business, partnering business and government alike through training, advisory and consultative services. The centre enables business to become sustainable, and channels the potential of Indian industry to power the country’s agenda for inclusive growth and sustainable development. 

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