Indian Companies Must Invest in R&D: Environment Minister

Anil Madhav Dave launching the Hydrochlorofluorocarbon (HCFC) Phase-Out Management Plan (HPMP) Stage-II – India, in New Delhi on March 06, 2017
Anil Madhav Dave launching the Hydrochlorofluorocarbon (HCFC) Phase-Out Management Plan (HPMP) Stage-II – India, in New Delhi on March 06, 2017

The Environment Minister of India, Anil Madhav Dave, said today that companies must invest a part of their income into research & development (R&D) and do some out-of-the-box thinking.

“If money can be invested into Corporate Social Responsibility (CSR), money should also be invested into research to develop unique products that can be used in the future,” the Minister added.

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Delivering the inaugural address at the launch of Stage-II of Phase Out Management Plan of Hydrochlorofluorocarbons (HPMP) in New Delhi today, the Minister underlined the need to create the necessary skills and generate employment too.

Recalling the Prime Minister of India Narendra Modi’s desire to make the country proud in the global arena, Dave added that the government will never compromise the environmental interests of India at international negotiations.

A document on the HCFC Phase-Out Management Plan Stage-II was also released to mark the occasion.

Photo courtesy: Press Information Bureau

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