And as the country's blue-chip companies fly the clean-and-green flag, its low-carbon market is tipped to expand rapidly, by up to US$135bn over the next decade, accounting for a large part of the global low-carbon market, estimated by HSBC to be valued at US$2.2trn in 10 years.
ITC Chairman YC Deveshwar says corporate profitability in future will be increasingly linked to a company's ability to make carbon reduction. “I think the shift is definitely taking place. Companies are realising that there is a good business case in terms of saving and efficiency. It has become a core business issue. You will find more and more companies willing to be energy efficient. High energy costs definitely make you want to save money," said Jamshyd Godrej, chairman of Godrej &Boyce and an industry leader in green initiatives. Read the full report here.
Source: Industrial Fuels and Power.
