- Thursday, March 06, 2025
By: Shubham Ghosh
Here are news in brief related to Indian economy and business for Tuesday, November 22, 2022:
Reliance Industries chairman Mukesh Ambani on Tuesday said at the 10th convocation of Pandit Deendayal Energy University (PDEU) in Gandhinagar in the western state of Gujarat that three revolutionary shifts — clean energy, bio-energy, and the digital revolution — will determine India’s growth in the coming decades, and advised the graduating students to play a leading role in achieving the country’s green-energy goals. “Three game-changing revolutions will govern India’s growth in the decades ahead – the Clean Energy Revolution, the Bio-Energy Revolution and the Digital Revolution,” Ambani said in his virtual address. He also said on the occasion that India will be a $40-trillion dollar economy by 2047 and ranked among the top three economies of the world.
India expects total bilateral trade with Australia of around $45 billion to $50 billion over the next 5 years, a trade ministry official said on Tuesday, Reuters reported. Annual goods and services trade between the two countries stand at $31 billion at present, according to the Indian government. Australia’s parliament on Tuesday ratified free trade deals with the United Kingdom and India, the latest development in a long-running attempt by Canberra to boost bilateral trade with the two countries.
Garnier, one of the world’s largest mass-market beauty brands, strengthens its commitment to protecting the environment with the funding of a dedicated plastic waste collection center in Chennai in the southern Indian state of Tamil Nadu, in partnership with Plastics for Change, a social enterprise launched with a mission to use plastic waste as a resource for addressing social issues, ANI/NewsVoir reported. With the aim of collecting 2,000 tons of ocean-bound plastic. In its first year, this center will empower the lives of 2000 people from the local communities. The plastic collected has been integrated into the packaging of Garnier’s iconic haircare Ultra Doux range, in European markets. For the first time, Ultra Doux bottles are made with 100% recycled plastic, of which 30% will be ocean-bound plastic.
Yakult Danone India Private Limited today announced the successful commissioning of Yakult Group’s first ever global solar plant installed at their state-of-the-art manufacturing facility in Haryana, India, ANI/NewsVoir reported. The Solar project is developed by SunSource Energy, a leading provider of solar-based energy and storage solutions to commercial and industrial (C&I) customers. Setting up of this solar plant is in line with Yakult’s global Environmental Vision 2050. This project is a testament of Yakult Group’s commitment to take concrete actions to achieve the sustainability vision and targets announced in March 2021. Speaking on the occasion, Hiroshi Hamada, managing director, Yakult Danone India, said, “We believe in driving sustainability and growth through this initiative together with the right partner in SunSource Energy and we have leveraged their global experience and history of timely project implementation.”
