The budget’s emphasis on scientific waste management and its potential to mitigate GHG emissions, expressing his excitement for the focus on this area in the latest budget.
NEW DELHI: The Union Budget 2023-24 has been met with positive reactions from various industries, with the green growth sector being a key highlight. In a statement given by Manoj Tulsian, Joint Managing Director & CEO of Greenply Industries Ltd, he applauded the government’s efforts to promote sustainable and low-emission products. He stated that this initiative will not only create substantial economic opportunities for decarbonization and sustainable product growth, but it will also serve as a significant step towards India’s journey towards a greener future.
Tulsian also spoke about Greenply’s commitment to sustainability, through their internal initiative “ESG 360.” This three-year plan aims to integrate environmental, social, and governance (ESG) factors into the company’s strategy and daily operations. He mentioned that Greenply’s E-0 product line, investment in research and development, and advanced toxicology studies have already led the shift towards environmental sustainability in the wood panel industry.
Furthermore, Tulsian praised the government’s Green Credit Program under the Environment (Protection) Act. He said that this program will incentivize not only corporations but also individuals to take sustainable and responsible actions. He believes that this will encourage more large companies to invest in greener product variants and further advance the cause of sustainability.
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Lastly, Tulsian commented on the increase in capital expenditure by 33 percent to Rs 10 lakh crore in public infrastructure. He stated that this will have a positive impact on the entire building and construction industry and the focus on urban infrastructure will drive growth in the real estate sector and the wood panel industry.
Manoj Tulsian’s reaction to the Union Budget 2023-24 showcases the positive outlook of the green growth sector and the willingness of companies like Greenply to lead the way towards a sustainable future. The government’s efforts to promote sustainability and low-emission products are a step in the right direction and will be beneficial for both the economy and the environment.
Union Budget 2023-24 Prioritizes ESG with Support from Primus Partners’ Managing Director, Sameer Jain
The Indian government’s increased focus on environmental, social, and governance (ESG) priorities in the Union Budget 2023-24 has received support from Sameer Jain, Managing Director of Primus Partners.
Jain praised the government’s approach to reimagining Indian cities and integrating zero-emission planning within urban planning missions, which he believes will provide a significant boost in the fight against climate change.
He also highlighted the budget’s emphasis on scientific waste management and its potential to mitigate GHG emissions, expressing his excitement for the focus on this area in the latest budget. The Managing Director also noted the role the AI-COE will play in building sustainable cities and other areas.
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