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Business & Strategy

 
Created by : Sheetal Jadhav, Sales/BD Manager, Future Group  | 08 25 2010 05:50:07 +0000
Industry : M&A/UnderwritingFunctional Area : India(Markets)
Activity:  401 views;  last activity : 09 04 2010 13:54:37 +0000

With the current Vedanta - Cairn deal is being in a lot of controversy lately with environmentalists not letting the deal happen as there will be too much damage that will be happening, and there are too much of loopholes that are there in this deal, hence the Government is not allowing this deal to happen, and now many people in the industry are complaining that these environmental laws are obstructing development or growth of the country. I mean on one hand they are right, but should we take risk now and pay the bigger price later in the future with our environment.

What are your views guys, Are environmental laws today obstructing development??

 
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Yes they are obstructing development, but they should also know the risk that is  involoved here, are there any backup for these kind of initiatives that will be taken time and again, but we need more money for development and we need corporate organizations to take these things forward for us, but with better CSR (corporate social responsibility) initiatives we can make sure that all round development is happening, if we are taking a piece of land for a purpose let us restore it in some other form, that way we have nothing to loose. But with Governement's stringent laws it is obstructing development today....


By Sheetal Jadhav, Sales/BD Manager, Future Group  08 25 2010 05:50:07 +0000
 
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No we have to safeguard the environment. Development at the cost of environment is very dangerous. We are already paying the penalty for harming the nature for the seek of development. There should be a well development system that protect the nature as well as have development.
By Shashi Kumar U, Manager accounts & commercial, Mazda Concrete Products Pvt Ltd  08 30 2010 04:41:58 +0000
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I think know because we never do with planning if we do all things with planning then there is no problem.
By Nem Singh, Consultant, Consultancy Firm  | 09 03 2010 10:20:42 +0000
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yes it obstruct the dev. because Environment Law are not fully known to even govt. bodies and they should on single window for ref. and follow then only it can be implemented in a better way and it can avoid any obstruction to industry
By Ssanjay Yadhav, General Manager, Harsoria Healthcare Pvt. Ltd.  | 09 01 2010 06:25:19 +0000
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I agree with you Sheetal partly. Yes the deal should not be called off without discussing the details including the impact on environment. Once any body gets a nod to go ahrad the CSR( coporate social responsibilty) either takes second place or get out of the system completely.

The other alternative is we should earmark areas where the industries will come up on all india basis that will solve all the problems.Yes it may be a little more costly since the rawmaterials may have to be brought from far away distance. Dont you think so?


By Rathin Deb, Freelance Retail Consultant  | 08 25 2010 08:19:18 +0000
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The environmental laws may not be obstructing development. Rather, most of the organizations focus on how to subvert the environmental laws to complete their activity.

It is important to focus on sustainable development as the environment is a mute spectator to the activities being carried out by the organizations. There is no entity which speaks on behalf of the environment. In this regard, laws were enacted to protect the environment from the activities being carried out by the organizations which are detrimental to the environment.

An example of environmental degradation is the additional quarrying activities being carried out in the iron ore mines in Bellary. These activities lead to non sustainable development. Thus, the future has to be kept in mind before focusing on the near term benefits.

On the other hand, land use is a basic requirement by the organizations to engage in fruitful and productive activities. Progress cannot be made by citing environmental laws and hindering development. In this regard, a suitable trade-off must be made such that the environment is protected and at the same time, the organization can also engage in productive activities.

Thus, in order to ensure sustainable environmental development, adequate interpretation of the laws and sound judgment needs to be exercised before arriving at a final conclusion.......


By Badri N Srinivasan, Head - Quality, Valtech India Systems Pvt. Ltd.  | 08 25 2010 08:16:50 +0000
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If we dont care of enviourmental issued, then nobody will survive in the world, then what,s the use of development. Development means not to destroy the enviourment or dont care of that. Development shall be form with a care of enviourment.First we have to decide the defination of development, devlopments is not useful by taking enviourment risks. Global warming hamaring development of world. Most scientist of world, even great scientist stifen haking also warned about the enviourmental problems.


By Omkar Kulkarni, Accounts Officer, Minilec(India) Pvt Ltd  | 09 05 2010 13:52:36 +0000
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There are eco friendly ways of development.The need is for a proper research and plan before action. Protecting env is imp so is development.
By Shivaraj , BE(IS), MBA student, St. Joseph College, Mangalore  | 09 04 2010 07:08:16 +0000
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I support your view. It is true that these laws are taking care of environment as well as man kind, so they are act as safe shield for us.


By SHRIKANT MANOHAR DANKE, Consultant, Project Management Consultancy Firm  | 08 30 2010 09:50:19 +0000
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Those laws are not obstructing us but they are safe-guarding us. We are seeing the effects our industrialization had made on the environment,now 45-48 c temp is normal for us.At this moment these harmful effects are perilous to only the impecunious but a time will come when it will become very tremendous that no-one will be able to escape from it. The best thing is to work by law and extend the presence of human species.
By Neerav Galathia, Sales Engineer, Aerzen Machines (India) Pvt. Ltd.  | 08 30 2010 07:52:15 +0000
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Thanks for invite Sheetal,

It is not environmental laws obstructing development but the case of not understanding or respecting nature. If the deal is signed without sufficiently taking care of environmental concerns who should be blamed?

Trying to take everything provisioned by nature for granted is not good for human race leave alone business or economics.  

The right model is where we can respect nature and learn to coexist, in development with all its manifest.


By Ravindra Sharma, Managing Consultant, CHEF-India  | 08 30 2010 07:24:17 +0000
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Bedanta from very first capturing State Govt. doing unlawfull activities.


By PRAVAT KUMAR DAS, Hardware Installation Technician, BSNL  | 08 26 2010 12:24:17 +0000
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LET US UNDERSTAND THE SIMPLE FACT THAT ENVIRONMENT IS GOD MADE AND FACTORIES ARE MAN MADE.WE CAN SHIFT OR RELOCATE FACTORIES.LET US NOT LOSE IRREPLACEABLE ASSETS.


By s.baalu , Consultant, XYZ LTD  | 08 26 2010 05:26:48 +0000
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the development should be in franework, that should not hurt the development of any country,all the companies should realise their responsibility towards society and also environment.


By manja , MBA/PGDM student, ssims  | 08 26 2010 05:10:36 +0000
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it is not the environmental laws that are obstructing but it is the greed of the politics and their dirty politics.  The case of vedanta is a political game being played by the party at the center to thwart the efforts to the state government as it is headed a party which is opposed to the party at the center.  Take the case of obulapuram mining the government at the center turned a blind eye in spite of several irregularities because the same party is in chair both in the state and the center.


By kanukurthy sudershanrao, Operations Manager, Andhra Bank  | 08 25 2010 16:08:24 +0000
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Properly framed environment laws which are properly enforced can never be an obstruction to development.

Development at the cost of environment can never be called development.


By RAMESH KANDADAI, Principal Consultant, ARM Consultants  | 08 25 2010 08:41:05 +0000
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no i don't think so laws are made to check the environmental degradation or deterioration and not for obstructing development.
By Naveen Dhyani, Civil Engineer-Highway Roadway, PWD,Uttarakhand  | 08 25 2010 08:38:50 +0000
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at some places it may be true but its very important to have such laws in place.

we need to save environment on top priority because we already misused it badly. development is necessary but environment should not be affected much. 


By sanjay kumar mangal, IT , TATA Group Co.  | 08 25 2010 08:12:45 +0000
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Trying to take everything provisioned by nature for granted is not good for human race leave alone business or economics.  

Right said sir , I support your statement,

thank u sheetal for inviiting


By bandaru yugandhar, ASSISTANT STORE MANAGER, star  | 08 25 2010 07:33:45 +0000
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Certainly not. Infact the Government is opening their eyes pretty much right in-time. Development is essential for upliftment of economy but not compromising with natural environment. Each development should look through the insight of sustainability and "should become Sustainable development instead of just development".

What is that you are leaving for next generation??? Just ruining the life-forms and leading to the peril of bio-diversity.

There shouldnt be any development which leads to destruction of nature. Vote for "Sustainable life" not just life.


By Paramesh H, Associate Manager -Corporate Environment, GMR Energy  | 08 25 2010 06:49:37 +0000
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we cant ignore nature as blind development plans will make impact on our basic exsistance and we are facing the same problems like uneven rainfall global warming etc.we have to develope by giving minimum trobule to nature


By Ravi Sheth, business associates, LKP Securities Ltd  | 08 25 2010 06:26:31 +0000
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the issue should be brought to the notice of all the stakeholders on a common platform to share views,opinions and to arrive at solutions to address the present environmental issues.


By john peter mendonca, Senior manager,Business Development, win media communications pvt ltd  | 08 25 2010 06:16:11 +0000
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