B20: Goyal asks business community to adopt sustainable & green approach

New Delhi, Jan 23 (Bureau) Union Commerce Minister Piyush Goyal on Monday asked business community to adopt a sustainable and green approach in business practices. Addressing the Inception Meeting of Business 20 (B20), the official G20 dialogue forum with the global business community in Gandhinagar, he asked them to use the forum of B20 along with G20 to look at how we can collectively work towards a sustainable and equitable future agenda. Goyal said,” Through the theme of G20 in India- ‘one earth one family one future’ – we wished to inspire the world to care for each other, to have a greater degree of dialogue and greater concern for the planet and the future of our children.”

The Minister highlighted that India had always stood for sustainable development. He mentioned that India was one of the top 5 countries in the world in terms of adopting and implementing environmental goals. “India regularly files UNFCCC report and has already exceeded its goal for 2030, of having a 40 percent share of renewable energy in its installed capacity in 2021. India takes each sustainable development goal very seriously,” he said. Goyal noted that the while the world was worried about how India would cope with the pandemic, it had converted that fear into hope and emerged as a bright spot in the global economy. No other market in the world as large as the India opportunity today, he said India hoped to power the world economy through collaborations and cooperation amidst competition and asked both Indian and foreign companies to serve the world using India as the base. He opined that India offered the rule of law, inspiring and decisive leadership, transparent government policies, no opaque models and no hidden subsidies.

“By August, we would have a robust framework for B20 and we succeed in taking a message of responsibility, care and concern, a message of togetherness and oneness, a message that we will all work together for a better future for our children, from India to the world,” Goyal said. India assumed the Presidency of the G20 from December 1, 2022. B20 will operate through 7 Task Forces and 2 Action Councils entrusted to develop consensus-based policy recommendations to the G20.