MVIRDC World Trade Center (WTC) Mumbai supported the 7th International Research Conference titled ‘Navigating the future: The Triple Bottom Line Approach’ of Chetana’s Institute of Management and Research as Knowledge partner. The event was held on January 19-20, 2024.

Dr. Vijay Kalantri, Chairman, WTC Mumbai addressed the event as Chief Guest and highlighted the relevance of the Triple Bottom Line concept and sustainable practices at the individual, government and industry level.

He informed, “The Triple Bottom Line is a revolutionary concept introduced in 1994 by British entrepreneur Mr. John Elkington to underscore corporate responsibility towards society and environment. According to this principle, companies should give equal importance to the welfare of the people and the planet while chasing profit.With India envisioning a USD 30 trillion economy by 2047, promoting inclusive economic growth becomes crucial for achieving this ambitious target. The Triple Bottom Line serves as a vital tool in attaining inclusive economic growth, and this vision will only be meaningful if we successfully achieve inclusivity. Corporates and MSMEs play a significant role in realizing this goal.”

Dr. Kalantri raised concerns about the rising pollution level in cities such as Mumbai and emphasized the role of industry, citizens and government in safeguardingthe environment. He suggested the government to implement policies and regulations in letter and spirit to protect environment, prevent violation of environment rules and safeguard the quality of air, water and soil.

Dr. Kalantri highlighted the role of MSMEs, startups and women entrepreneurs in promoting sustainability practices by producing recyclable and eco-friendly lifestyle products.

Dr. Kalantri also encouraged students to make a career in research and innovation in the sustainable product and services sectors such as bio-degradable plastics, recyclable packing materials, lab grown meat, renewable energy, green hydrogen, sustainable tourism etc.

During the event, Mr. Abhijit Ghorpade, Director, State Climate Action Cell, Government of Maharashtra, delivered the keynote address on the pioneering role played by the state government in attaining net zero carbon emissions. Mr. Ghorpade outlined the state’s climate action plan to increase green cover, strengthen disaster resilience, promote green buildings and sustainable practices among industries. He also mentioned about the state government’s upcoming circular economy parks in six districts based on the principles of reduce, reuse and recycle. He said that Maharashtra is the first state to introduce a comprehensive climate action plan for the city of Mumbai.

The event was also addressed by experts on ESG and circular economy such as Mr Ulhas Parlikar, Board Director, Material Recycling Association of India (MRAI), Mr Vishwas Tendulkar, SeniorAdvisor - D’CarbonisingCenter India Private Ltd, Mr Sandeep Goswami, Certified Climate Science and Policy Professional, World Bank Institute and Mr Ajay Nayak, Managing Partner, Educated Environment (EdEn).

Ms. Nandita Mishra, Director,Chetna’s Institute of Management & Research delivered welcome address and introductory remarks, while Ms Madhumita Patil, CEO, Chetna’s Institute of Management & Research proposed vote of thanks for the event.

During the conference, WTC Mumbai’s World Trade Institute showcased the various courses conducted by the institute for aspiring and existing entrepreneurs and exporters in the areas of foreign trade, logistics & supply chain management and forex risk management.

Dr. Vijay Kalantri, Chairman, MVIRDC World Trade Center Mumbai, addressing the 7th International Research Conference of Chetana's Institute of Management, Mumbai as Chief Guest.

Dr. Vijay Kalantri, Chairman, MVIRDC World Trade Center Mumbai, being felicitated by Mr. Shridutta Haldankar, President, Chetna Trust at the 7th International Research Conference of Chetana's Institute of Management, Mumbai