BWI: TERI Foundation Day Acclaims Corporate Leadership & the Role of Business in Nation Building

Press release from Business Wire India
Source: The Energy and Resources Institute (TERI)
Friday, September 03, 2010 10:25 AM IST (04:55 AM GMT)
Editors: General: Economy, Environment, People, Social issues; Business: Advertising, PR & marketing, Business services, Education & training
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TERI Foundation Day Acclaims Corporate Leadership & the Role of Business in Nation Building
Sunil Bharti Mittal stresses on symbiotic relations between the three pillars of country to make India move forward

New Delhi, Delhi, India, Friday, September 03, 2010 -- (Business Wire India) -- India is witnessing a quantum leap forward in all sectors of the economy, and the need of the hour is to establish a harmonious relation between infrastructure building and utilisation of resources. This message came out strong at 9th Darbari Seth Memorial Lecture that marked the Foundation Day of The Energy and Resources Institute (TERI).

Felicitating TERI for its dynamic role in raising of consciousness on the impact of climate change and its forward-thinking researches on sustainable development solutions, the Chief Guest Mr Sunil Bharti Mittal, Chairman & Group CEO of Bharti Enterprises, presented a deeply reflective 'way forward' on the issue of Corporate Leadership: Role of Business in Nation Building.

Signaling the symbiotic relationship between the three pillars of the country as the prime motivator of a well-balanced economy, Mr Mittal marked the first pillar as the combination of Legislature, Executive and the Judiciary; and Civil Society as the second pillar -- represented by community groups, non governmental organisations and the media "which are the bed-rock of the democracy and act as the watchdog for the electorate by providing timely 'check and balance' inputs."

Highlighting the role of Business as the third pillar, Mr Mittal -- the first generation entrepreneur turned MNC head -- said that the goods and services were the fruits for the nation to move forward. "Do business build a nation? My answer would be an emphatic yes," the Bharti group head said.

Presiding over the event, former chief of Madhya Pradesh and General Secretary of the All India Congress Committee, Mr Digvijay Singh, saluted the vision of TERI's founder, Late Sh, Darbari Seth, for his ingenuity and enterprise. He hailed Dr R K Pachauri for "establishing TERI as a leading institute and a guiding light in the international scenario."

Commending TERI for its researches in the field of alternate forms of energy, especially solar, Mr Singh pointed out that India's energy scenario was poised at an interesting stage - facing the dual challenge of low generation and high demand, and the impact of climate change as the gap gets filled over the coming years. "Moreover,, thousands of villages are still living in the dark, and solar energy is likely to be the off-grid provider," he said.

In his 'vote of thanks' address, TERI's Director General Dr R K Pachauri expressed deep gratitude to the Prime Minister, Dr Manmohan Singh, "for his expression of unstinted support for me personally and the organizations that I am associated with including the Intergovernmental Panel on Climate Change and TERI."

Dr Pachauri also dwelt on TERI's relationship with the Centre, the states as well as the local governments, which gives an opportunity to be able to provide an outlet for the research being done by the institute. "This takes shape the shape not only of policy analysis which we hope will have overall benefits in improving the human condition, but also innovation at the grassroots level by which the challenge of widespread poverty in the country can be met more effectively and in a manner that ensures sustainable development."

TERI's Foundation Day ceremony felicitated 14 employees who had completed 20 years of service. The event also marked the announcement of the 'Roll of Honours' for 10 research professionals for their positive contribution in their respective fields. The mementoes and certificates were given away by Mr Mittal and Mr Singh.

The dignitaries at the event included Dr Arcot Ramachandran, Chairman TERI, the two Governing Council members, Mr Deepak S Parekh, Chairman of the Housing Development Finance Corporation (HDFC), and Prof B V Sreekantan. The distinguished audience had Mr Brijmohan Lall Munjal, founder of the Hero Group manufacturing Hero Cycles and Hero Honda motorcycles.

About Darbari Seth Memorial Lecture

The Energy and Resources Institute (TERI) initiated the Darbari Seth Memorial Lecture series in the year 2002, in the memory and name of the institute's founder Mr. Darbari Seth. Mr. Seth was the visionary whose generosity and initiative was responsible for the establishment of TERI. Mr. Seth, a technocrat-industrialist, supported the establishment of TERI in the early 70's. Under his guidance, the institute witnessed a meteoric rise - and today has emerged as a unique developing country institution that has spread to various parts of the globe. The achievements of the institute he founded would have made Mr. Seth proud: From a modest Rs 3.5 crore corpus, it has grown more than a hundred fold. Even more importantly, TERI is recognized in India and internationally as the think tank on all issues related to sustainable development.



CONTACT DETAILS
Rajiv Chhibber, The Energy and Resources Institute (TERI), +91 9810426698, rajivc@teri.res.in

KEYWORDS
ECONOMY, ENVIRONMENT, PEOPLE, SOCIAL, MARKETING, BUSINESS SERVICES, EDUCATION

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