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Why UN gives its prestigious ‘Champion of Earth Prize’ to India’s CIAL

Cochin International Airport Limited (CIAL) just selected for United Nations highest Environmental honour. All you need to know about this remarkable achievement

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Erik Solheim, United Nation’s global chief of environment, visiting CIAL, Kerala in May 2018. Image/CIAL Facebook page

Kerala-based CIAL (Cochin International Airport Limited), one of the classic examples of profitable public-private partnership projects in India, has just won the coveted Champion of Earth Prize, the highest environmental honour instituted by United Nations.

CIAL has been selected for the honour for its innovative approach in operating an airport fully powered with solar energy.

CIAL is the world’s first fully solar-powered airport

“CIAL is honoured for its successful execution of one of the revolutionary ideas of using solar energy which made Cochin Airport a first in the world fully powered by it,” CIAL said in a press statement Thursday.

According to Erik Solheim, United Nation’s global chief of environment and executive director, United Nations Environment Programme, the honour reflects CIAL’s leadership in the use of sustainable energy. CIAL is the world’s first fully solar-powered airport, setting an inspiring yet viable model for similar ventures across the globe.

The UN recognition would take CIAL’s green ideas to a global audience. We showed the world that big infrastructure projects like Airport can be put into operation fully using renewable energy sources- V J Kurian, managing director, CIAL, who also pioneered the idea, said in a press statement.

A UN team led by Erik Solheim visited CIAL in May to get an idea about its solar initiatives.  And now the United Nations is endorsing Kerala’s unique business venture as the world’s first airport fully powered by solar energy.

By winning the award, CIAL has got entry to an elite list of awardees which includes Michelle Bachelet, president of Chile, NASA’s Goddard Space Flight Centre, world’s largest bike sharing app Mobike, to name a few.

CIAL commissioned its 12 MWp solar power plant on 18 August 2015, and scaled it up to 30 MWp by April 2018.

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Business & Economy

SBI waives off outstanding loans of 23 CRPF soldiers

SBI has taken steps to immediately release Rs 30 lakh to the Pulwama martyrs’ kin

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Image: SBI Facebook page

State Bank of India (SBI) has announced a noble initiative for the families of the CRPF soldiers who martyred in a dastardly terrorist attack in Pulwama, Jammu & Kashmir on February 14, 2019.

India’s largest lender will waive off all the outstanding loans of 23 soldiers who availed loans from the bank with immediate effect, said SBI in a statement.

As all the CRPF soldiers were customers of the Bank under Defence Salary Package, the Bank provides insurance of Rs 30 lakh to each of the defence personnel. According to the officials, the Bank is taking necessary steps to accelerate the release of insurance money to the next of kin of the martyred soldiers.

“It is extremely upsetting and disturbing to witness the loss of lives of the soldiers who always stand for the safety of our motherland. In this moment of grief, our sincere thoughts are with the families of our brave hearts,” said Rajnish Kumar, Chairman, SBI.

 

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Modi thinks India could become the second largest economy by 2030

Currently India is the fastest growing major economy in the world

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Indian Prime Minister Narendra Modi. Image/PIB

Indian Prime Minister Narendra Modi thinks India will become the second largest economy by 2030, surpassing the US. He was upbeat about India’s spectacular growth while inaugurating the hydrocarbon conference at India Expo Centre, Greater Noida, in Uttar Pradesh on Monday.

Currently, India is the fastest growing major economy in the world. The Prime Minister is of the opinion that it could become the second largest economy by 2030 and the third largest energy consuming country in the world.

As India’s growth is happening at a tremendous pace, the demand for energy is also increasing, at an annual growth rate of 5 per cent, and that makes India an attractive market for multinational energy companies. According to some estimates India’s energy requirement is expected to more than double by 2040.

As per the report of Standard Chartered, these are expected to be the 10 largest economies in the world by 2030.

  1. China
  1. India
  1. US
  1. Indonesia
  1. Turkey
  1. Brazil
  1. Egypt
  1. Russia
  1. Japan
  1. Germany

 

 

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Why Tata is India’s most valuable brand

According to Brand Finance, Tata is the only Indian brand among the Top 100 brands in the world

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N.Chandrasekaran, Chairman, Tata Sons. Image: www.tcs.com

Good news! Indian business conglomerate Tata group has entered into the list of Top-100 brands in the world.

According to the Brand Finance Global 500 2019 report, the value of Tata brand rose by 37% percent from last year, and it has reached $19.5 billion.

Tata was at rank 104 in the previous year, and climbed to rank 86 in the new report. According to a statement issued by the company, Tata is the only Indian brand in the premiere league of 100 companies.

Tata companies which include Tata Consultancy Services, Tata Motors and Tata Steel have improved their performances and it reflected in the brand ranking, as per the statement of Brand Finance.

“TATA has always been synonymous with trust and leadership and these brand attributes are even more important to all our stakeholders today. This recognition of the strength of our brand will encourage us to drive our businesses in a socially responsible manner globally while continuing to strive for excellence through innovation and entrepreneurship,” N Chandrasekaran, chairman, Tata Sons, said in a press statement.

The chief executive officer of Brand Finance, David Haigh, made it clear that Tata Group’s brand value is primarily the reflection of the outstanding performance by Tata Consultancy Services (TCS), the IT behemoth of India which has an impressive brand rating of AAA.

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