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Plea for financial sops to improve environmental standards

Our Bureau

Hyderabad , Sept. 23

MR Christoph Achini, Manager (Green Credit Projects) from Switzerland's State Secretariat of Economic Affairs, has called for giving financial incentives like access to capital and potential reimbursement to industries complying with environmental regulations.

"This would encourage sustainable practices in industries," he said.

Talking on `Green Credit Lines' at the CII-GBC summit on `Resource sustainability - Closing the materials loop' here, he said such financial incentives would help improve environmental competitiveness among the industries.

Dr Luiz Carlos Ros, Director (New Ventures) of US-based World Resources Institute, defined a process cycle involving identification, selection and mentoring to help link environmental entrepreneurs with investors.

He was speaking on building sustainable enterprises in tomorrow's markets.

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