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Home arrow News arrow Business News arrow Days of consumption without thought are over: C.S. Verma, SAIL
Days of consumption without thought are over: C.S. Verma, SAIL Print E-mail
Written by Anand   
Saturday, 09 April 2011
New Delhi: "SAIL is using the foundation of sustainable development to become a global player," said C.S. Verma, Chairman, Steel Authority of India Ltd (SAIL).

Contending that "the days of consumption without thought are over," Verma said that "many leading companies have adopted sustainable development as a major corporate strategy and a driver for innovation that yields both bottom- and top-line returns."

He was addressing the inaugural session of a two-day international seminar on 'Achieving Sustainable Corporate Growth: Exploring New Frontiers in Technology & Management' here today.

Speaking at length on the various measures that corporates should take to make sustainable development and growth a reality, he informed the participants that the Indian steel industry is also putting in concerted efforts and adopting a multi-pronged strategy towards greater sustainable practices.

SAIL, said Verma, has been able to achieve substantial success on the environment protection front, which is a major criterion for sustainable development, through concerted interventions and efforts during the last six years. For instance, he said, air emissions were reduced to 1.12 kgs per tonne of crude steel produced by the SAIL plants in FY ’11, a reduction of 55%. Specific effluent discharge of 2.5 m3 per tonne of finished steel, a reduction of 16%, has also been achieved. With continuing thrust on solid waste management at the integrated steel plants, an improvement of around 16% has been achieved. Around 0.18 million saplings has been planted in and around SAIL plants and mines during FY ’11, resulting in cumulative plantation of 17.67 million saplings till date.

Noted economist and former Indian Ambassador to the US - Abid Hussain - was the chief guest at the inaugural session of the seminar. Also present were former Secretary, Ministry of Corporate Affairs R. Bandyopadhyay and SAIL Director (Personnel) Mr. B.B. Singh.

In his address, Abid Hussain said that the new corporate mantra should focus on "maximising resources for more rather than for few".

The seminar, organised jointly by Maharatna SAIL and National HRD Network at SAIL's Management Training Institute here is being attended by around 500 delegates from various countries around the world representing academia and industry.

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