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Created by : Amit Madhav, Senior Consultant, GKC  | 04 15 2010 08:45:01 +0000
Industry : Investment BankingFunctional Area : Strategy Execution(Strategy & Execution)
Activity:  343 views;  last activity : 07 06 2010 20:18:09 +0000

Dear friends...

To attract more foreign direct investment (FDI), China today revamped its regulations to improve conditions for foreign companies while restricting funding for environmentally-unsound projects. Under the new rules, FDI in high-tech industries, services sector, energy-efficient and environmental protection projects is encouraged.

So should India also curb non eco-friendly projects?

 
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Top Argument
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Yes this should be added in the new FDI rules of India which happened few days back. This will help in getting better projects which is of no harm for others. Since there is a lot of opportunities for investment in India, we should keep the global warming in mind too. So by implementing this regulations, we can put more efforts into creating a more open and friendly environment for overseas firms.

So the government should take the necessary steps as soon as possible.......


By Amit Madhav, Senior Consultant, GKC  04 15 2010 08:46:19 +0000
 
Top Argument
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I beg to differ on this.

Any rules, environment-friendly or otherwise should be common to both Indian as well as overseas investors.

Global Warming & Climate Change are issues concerning one and all, especially of the future of our next generations, hence mitigation of Emissions & Pollution should not be linked to FDIs, etc.


By M. Prabhakar Rao, Author of "Mayhem Of The Miserables!", http://www.smashwords.com/books/view/52075  04 15 2010 09:36:22 +0000
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Of course anything that overuses a country's Energy ought be curbed.

The duty on a fuel guzzler vehicle should be in multiples of one with low energy consuming and the lowest or alternate energy users could be duty free.


By Ravindra Sharma, Managing Consultant, CHEF-India  | 04 20 2010 07:47:46 +0000
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Its high time that India has thought about the future of environment and its effect on the next generation. Non- eco friendly projects should immediately be curbed and discouraged.

India, who is so rich in natural resources, can easily encourage and implement all projects in an eco friendly manner.

This is the need of the hour and it will also be instrumental in giving mass employment to people. This in turn will bring down the poverty line and encourage the poor class to go in for education, literacy and a better life style as it will encourage small scale industries to a large extent.


By Jaya Ray, Manager, KyaZoonga.com  | 04 20 2010 07:34:08 +0000
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I completely agree with what the Chinese are doing since this will help create only eco friendly project and Chaina will not only get Forign Direct Investment but the technology so that in future they will export the same at dirt cheap price.


By Rathin Deb, Freelance Retail Consultant  | 04 16 2010 11:00:28 +0000
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Thanks for the referral Mr.Amit Madhav

This is a subject having two sides like a knife. India has reached a stage with rapid industrialization, technology transfer, and transfer of fund flow in etc. After having reached a point from where we can not look back and we have to march ahead. The countries talking about global warming or climate change are not really bothering and it is a preach for others only.Therefore, the present scenario has been made to a situation like a battle ground, where YOU HAVE TO ATTACK FIRST or YOU WILL BE ATTACKED. After all our nation interest is first. After reaching the peak of the hill or height, we can not look down and if look down what will happen...?  


By NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd  | 04 15 2010 17:48:53 +0000
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first the captalist try to argue that climate change is not true... and now, when they see the effects, they say that it is really expensive.

people, i feel the fact is that the major reason for lower price of all non renewable energy is simply cos of subsidies...

bagass from sugar cane is not even subsidised and no policy formed yet... as a result of which it is expensive...wht abt windmills..

i wish you see this very famous video... RIGHTLY and TRULY argued... http://www.youtube.com/watch?v=zORv8wwiadQ    

i say, it is ENOUGH of the harm we have done to the nature... open our ears and listen .... our earth is crying out LOUD.... and we are forgeting it is our ONLY home...

living comes first, safety comes second... and luxury at end of it all....


By Varun , Ideator  | 04 15 2010 17:27:50 +0000
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Non Eco-friendly project means you harm yourself


By Hemant V. Gore, Freelance Software Developer  | 04 15 2010 15:26:54 +0000
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Mr. Prabhakar Rao,

in order to keep this answer short, please observe how real issues are prioritised:  http://www.ted.com/talks/bjorn_lomborg_sets_global_priorities.html

The "global warming" is merely a taxation issue, an it became painfully obvious after a Copenhagen conference fiasco: http://answers.yahoo.com/question/index?qid=20091231182438AAStIk3 

There are much more credible eco-issues to observe.


By Davor Virkes, Advisor, Croatian Telecom inc.  | 04 15 2010 14:12:42 +0000
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Mr. Prabhakar Rao,

Contradictory subject is a difficult one to fully agree or disagree. From my perspective as a non-Indian I see obstacles regarding the Indian market. Money flow for instance. Ecology is great, not just because it fosters mutual confidence, but also because it promotes an environment worth living in. To my view both YES and NO supporters (meaning yourself) have similar view on that. So, who is contradicting who?

Real issue here is not the ecology per se, but the regulation of it. My view is that a reasonable amount of regulation is OK. At first it may seem as an obstacle but in a long run is not a problem at all. Hence, my vote is for the YES gang.

By European measures China has a strong record of non-confidence regarding health issues of their products. Hence, saying that they intend to improve their policy may soon start changing that perspective.

Buying dirty makes you feel dirty.


By Davor Virkes, Advisor, Croatian Telecom inc.  | 04 15 2010 11:28:21 +0000
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If is fine that China has revamped its strategy by allowing FDI only in those areas which are are eco friendly. Yes we also should formulate our policy in those terms. It is not the case of following the succesfull neighbour. But we should be having our own policy in place. Our policy should be formulated keeping in mind our own intests as well as the mother earth.


By Aditya Sharma, Insurance Advisor/Analyst, LIC OF INDIA, ICICI LOMBARD  | 04 15 2010 10:59:41 +0000
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Hello, Yes. I support your idea to curb non eco-friendly projects. To make it happen, Government should take necessary action and to follow the same.

K Rajagopalan.


By k Rajagopalan, Area Manager, Amitex Polymers (P) Ltd.  | 04 15 2010 10:58:15 +0000
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I do agree.We as a community of human beings are runnning out of natural resourses.There are basic neccessities of food and water which need to be fullfilled.Technology and developments are great but keeping the environment in mind.Mr. Abdul Kalam the ex pesident of India had predicted that unless we keep the environment safe after some years we might get two buckets of water as a bonus and food as premium gifts.For example the construction market has so rapidly grown in India that agricultural land is converted into non agriculural plots,people are diverting away from farming,and as a whole there is urbanisation without any limits and boundares.Where will this lead us?Climatic changes are already affecting crops.So the future is certainly going to be dark.


By Vidyasagar Kulkarni, Sales/BD Manager,Techpak Industries Limited,Kenya  | 04 15 2010 09:54:25 +0000
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However the "global warming" is a non-issue, eco-friendly projects are a great opportunity for local communities to contribute in. Empowering eco-mindset is always a plus.

Regulation is usually set in a way that by some reasonable amount of effort a subject in such a regulated economy is able to follow it, and in turn benefits the gains against the unregulated ones. A product labelled by whatever norms and regulations sells better, or in facts - sells at all.

So why not regulating a clean air if you have it in abundance. Someone else doesn't.


By Davor Virkes, Advisor, Croatian Telecom inc.  | 04 15 2010 09:51:00 +0000
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On one hand to say 'Global Warming' is non-issue and simultaneously on the other hand to strongly supporting 'Local Ecology', if not contradicting, then what is?


By M. Prabhakar Rao, Author of "Mayhem Of The Miserables!", http://www.smashwords.com/books/view/52075  | 04 15 2010 12:54:35 +0000
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Mr. Davor Virkes,

Please stop contradicting yourself, just for the sake of arguing.


By M. Prabhakar Rao, Author of "Mayhem Of The Miserables!", http://www.smashwords.com/books/view/52075  | 04 15 2010 10:09:59 +0000
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