BWI: Green Manufacturing Practices Growing Rapidly, Notes Frost & Sullivan

Press release from Business Wire India
Source: Frost & Sullivan
Monday, April 30, 2012 02:41 PM IST (09:11 AM GMT)
Editors: General: Consumer interest, Economy, Environment, People, Social issues; Business: Accounting & management consultancy services, Business services, Information technology, Major diversified industrial groups; Technology
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Green Manufacturing Practices Growing Rapidly, Notes Frost & Sullivan
At Frost & Sullivan's Green Manufacturing Excellence Summit and Green Manufacturing Excellence Awards, 2012

Mumbai, Maharashtra, India, Monday, April 30, 2012 -- (Business Wire India) -- 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. According to Frost & Sullivan, adoption of green manufacturing practices is growing rapidly in India. The Manufacturing & Process Consulting Practice of Frost & Sullivan has been assisting companies in their journey towards adoption of Green Manufacturing practices through its Green Manufacturing Excellence Awards platform and consulting support. The team of experts assesses the level of adoption of green manufacturing practices at manufacturing sites across the country and selects the best practices from these sites, which are then presented at the Green Manufacturing Excellence Summit.

The 2012 edition of Green Manufacturing Excellence Summit and Awards took place on 27th April 2012 at ITC Grand Central, Mumbai. It was a culmination of the rigorous assessment process wherein select best practices from manufacturing sites were presented at the Summit during the day followed by felicitation of award recipients during the awards ceremony in the evening. The Chief Guest for the awards nite was Mr. R N Mukhija, Advisor to Chairman, Larsen & Toubro. The highlight for the evening was the Panel Discussion on 'Sustainable Initiatives Create Intrinsic Shareholder Value'.

The best practices shortlisted for knowledge sharing at the Summit were Business Benefits of Sustainability Initiatives by Hindustan Unilever Limited; Thermal Energy Storage System and Building Management System by Titan Industries Limited - Jewellery Division; Mapping Sustainability Challenges by ACC Limited - Sindri Cement Works; Advantages of Sustainability Reporting by Larsen & Toubro Limited; BIO MEG - Emergence as Green Feedstock by India Glycols Limited; Advanced Energy Conservation Systems and Environment and Social Impacts - Measured by Rashtriya Ispat Nigam Limited; Energy Efficient Painting Process by Kansai Nerolac Paints Limited; CSR - An Effective Deployment Process by ACC Limited - Thondebhavi Cement Works; Resource Recovery and Recycling by Gujarat Co-operative Milk Marketing Federation Limited; Building a Safety Culture by Hindustan Unilever Limited; Innovative Green Manufacturing Initiatives by Titan Industries Limited - Watch Division; Water Management & Recycling by Promed Exports Private Limited; Material Conservation by ACC Limited - Lakheri Cement Works and Solar Thermal Concentrator Applications by Clique Solar.

Nitin Kalothia, Associate Director, Manufacturing & Process Consulting Practice, Frost & Sullivan, South Asia & Middle East notes, "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."

Frost & Sullivan also released a market insight authored by Nitin Kalothia titled 'Best Practices in Green Manufacturing'. This market insight is a compilation of the best practices followed by few of the Indian companies that have been the front runners in adoption of Green Manufacturing practices. These have been the observations made by the Frost & Sullivan team during site assessments. The insight highlights a step-by-step approach followed by companies that have successfully implemented sustainable development in their organization and are reaping its benefits now. It covers best practices across areas such as Energy, Energy Efficiency, Non-conventional Energy Resources, Emissions, Water and Waste Management, Materials, Material Recovery/Reuse/Recycle, Bio Diversity, Green Supply Chain and Occupations Health.

The media partners for the event were Efficient Manufacturing, Eco-business.com, Greentechlead.com, Machinist.in, Minerals and Metals Review, Powerwatch, and Search

To know more about the Green Manufacturing Excellence Summit, Green Manufacturing Excellence Awards and to receive a copy of the Market Insight, send an e-mail to Caroline Lewis/ Akshata Mhatre, Corporate Communications, at caroline.lewis@frost.com/akshatam@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, we will e-mail the copy of the market insight to you.

For more information on the Summit, please log on to http://www.frost.com/gmea

The 2012 Award Recipients are:

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation, and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses, and the investment community from more than 40 offices across six continents. To join our Growth Partnership, please visit http://www.frost.com.


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CONTACT DETAILS
Caroline Lewis,Corporate Communications - South Asia, Frost & Sullivan, +91 98217 37935, caroline.lewis@frost.com
Akshata Mhatre,Corporate Communications - South Asia, Frost & Sullivan, +91 (22) 6607 2020, akshatam@frost.com
Nimisha Iyer,Corporate Communications - South Asia, Middle East and North Africa, Frost & Sullivan, +91 98200 50519, niyer@frost.com

KEYWORDS
CONSUMER, ECONOMY, ENVIRONMENT, PEOPLE, SOCIAL, CONSULTANCY SERVICES, BUSINESS SERVICES, IT, GROUPS, TECHNOLOGY

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