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How industries can enable sustainable manufacturing in India


The manufacturing sector is the backbone of any nation’s GDP and over the years, the sector has created an endless number of opportunities for all stakeholders. However, like any other industry, the sector consumes a great number of resources while generating a lot of waste leading to environmental damage. Thus, it is imperative that manufacturing industries strive for ‘Sustainable Manufacturing’ on an immediate basis.


While sustainable manufacturing in India is still at a nascent stage, the sector has been gradually adopting lean and green measures such as optimized energy and raw materials use, resource and machine efficiency and implementing environment-friendly practices to make a positive impact. By linking innovation and technological automation several manufacturers are reducing energy costs, limiting waste generation, and lowering emissions thereby eliminating risks of consequential environmental damages.


Here are some ways in which industries can enable sustainable manufacturing in India:


Define ESG goals for your company

Having a clear and well-defined path is key to developing a sustainable framework for organizations because goals provide observable and measurable results that can be achieved within a timeframe. Once a company defines the goals, it can start building an ESG program that aligns with those propositions. In fact, companies who are more committed to environmental, social and governance (ESG) benchmarking and reporting, continue to outperform their counterparts in the market through instances of market instability. Therefore, if companies want to maintain a competitive advantage and thrive in the future, they must begin to prioritize ESG efforts now.


Enable operational efficiency

There is no doubt that one of the most important things is to bring in operational efficiencies by delivering quality services with fewer resources. Manufacturers must evaluate and optimize manufacturing processes, refine energy-intensive processes, monitor energy consumption process units, lines, and equipment, and then manage total consumption, economics, and emissions to bring in greater efficiency.


Read More at https://economictimes.indiatimes.com/news/economy/policy/india-likely-to-benefit-from-global-minimum-15-corporate-tax-pact/articleshow/83280184.cms

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