Cognisant of the adverse impact of climate change occurring worldwide, Welspun Living Limited (WLL) has been striving to advance systematically on the path of sustainable development. As part of this endeavour, WLL, a global leader in home solutions, has chosen to adopt a holistic Environmental, Social, and Governance (ESG) approach with an aim to propel well-being of all their stakeholders at each stage of their operations.
On the road to achieve this goal, WLL has been actively collaborating and engaging with numerous national and international agencies, aligning with guidelines such as the Paris Agreement, which aims to limit global temperature rise to below 2°C, and the United Nations Sustainable Development Goals (UN SDGs) for 2030. The company also adheres to the National Action Plan on Climate Change (NAPCC) and has integrated its guidelines in its overarching climate change mitigation strategy. One of its primary focus areas is to increase the share of green energy in its overall consumption mix. This has led the company to establish a 30 MW solar power plant at its Anjar facility. It has also entered into a long term PPA with a RE developer for supplying RE power for its Vapi facility. “We are advancing towards attaining 100% of our total energy consumption from renewable sources by 2030. In 202122, we forged strategic partnerships with two reputable renewable energy developers, propelling us closer to our clean energy goals, and ensuring a steady supply of green power to our operations in Anjar and Vapi,” the company proudly states.
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Scale Stimulus
For technology start-ups, growth funding serves as the catalyst to scale, innovate, expand into new markets and make critical hires. New capital brings strategic value through investor expertise and industry network, customer introductions, helps maintain operational efficiency and mitigate cashflow challenges.The landscape of venture and growth financings in India has undergone a major shift since the pre-Covid era. The pandemic gave rise to a low-interest rate environment which saw an unprecedented inflow of capital into Indian start-ups with a very strong focus on high growth, often at the cost of high burn. Post-pandemic, the environment has seen a significant shift in focus towards sustainable growth, profitability and efficient unit economics.
The Best Valuation Need Not Be the Highest
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GCCS Shaping Start-Ups
The remarkable journey of global capability centres (GCCs) in India continues to set new benchmarks, enriching the nation's economic narrative.
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Being Local Matters
India's rapidly evolving consumer market, backed by a young, progressive population and a flourishing middle class, is a landscape of opportunity and complex challenges.
CELEBRATING EXCELLENCE: OUTLOOK BUSINESS SPOTLIGHT - ACHIEVERS AWARDS 2024
Recognizing Visionaries Who Inspire Growth, Innovation, and Progress
At the End of the Day, You Bet on Founders
Zerodha founder and chief executive Nithin Kamath tells Deepsekhar Choudhury that the philosophy of a company is what sets it apart and makes it special. Edited excerpts
Time to Go Global
India's defence and space start-up ecosystems have witnessed exponential growth in recent years, with over 1,000 defence and 250 space start-ups driving deep-tech innovation. Government initiatives such as Innovations for Defence Excellence (iDEX), positive indigenisation lists and allocation of 75% of the defence capital budget for domestic procurement, along with support from Indian National Space Promotion and Authorisation Centre (InSpace), have created vast opportunities.
