New Delhi, August 11: Entrepreneurs adopting environment-friendly measures in their business ventures can now look forward to additional support from investors while contributing to conservation efforts.
Investment up to USD 100 million will be raised for various small and medium green enterprises (SMEs) in the country by 2012 under the ‘New Ventures India’ scheme launched by the US-based World Resources Institute as part of a USAID programme.
“Since the launch of the scheme in 2006, the NVI has already facilitated investment of Rs 80 crore (USD 20 million) into nine companies,” said S Raghupathy, director of Green Business Centre, the Hyderabad-based environmental institute of the CII which has been carrying out the project in India.
“Small and medium enterprises who will come up with green ideas, will be provided mentoring for business development by a team of experts,” Raghupathy told PTI over phone.
–PTI