ESSAY ON make in India move towards sustainability
Answers
The topic of sustainability evokes a wide range of reactions from businesses. At one end are proactive, foresight-driven actions by companies that are early movers and wish to remain relevant in the longer term. At the other end are actions reactive in nature to governmental policies, corporate social responsibility (CSR), self-regulation by industry bodies and evolving customer preferences.
Against this backdrop, it is interesting to evaluate how the government's 'Make in India' initiative, focused on making India the next biggest manufacturing hub, is managing the upside and downside of sustainability.
The sustainability frameworkA good starting point is India's sustainability obligations under the UN Sustainable Development Goals (SDGs) framework. The SDGs are a basket of 17 social, environmental and economic targets ranging from broad-based ideas such as 'Peace and Justice' to more crystallised concepts like 'Affordable and Clean Energy'. The SDGs, designed to be universal, were adopted by the UN Summit on January 1, 2016, with an aim to achieve the targets by December 2030.
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