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Industry, government, and society must work together to address environmental challenges and ensure long-term economic prosperity, Vir S. Advani, Chairman of the Western Region of the Confederation of Indian Industry (CII), said on the occasion of World Environment Day.
Advani, who is also Chairman and Managing Director of Blue Star Ltd, said Western India has emerged as a key driver of the country's economic growth and must now lead the next phase of resource-efficient and environmentally sustainable development.
"Growth, competitiveness and sustainability are no longer separate conversations. The businesses that succeed in the coming years will be those that are able to create economic value while managing resources responsibly," he said.
Highlighting the growing importance of sustainability in business strategy, Advani said companies across the region are increasingly investing in renewable energy, cleaner technologies, and resource-efficiency initiatives, reflecting a broader recognition that sustainability is critical for long-term resilience and competitiveness.
He noted that sustainability is emerging as a key driver of business performance and future readiness, with companies integrating environmental considerations into their growth plans.
Advani also highlighted the role of CII through its Centre for Excellence for Sustainable Development (CII-CESD) and the Indian Green Building Council (CII-IGBC) in promoting climate action, green buildings, sustainable manufacturing and low-carbon growth across industries.
Emphasising the importance of balancing economic expansion with environmental responsibility, he said India's vision of becoming a developed nation by 2047 would depend not only on the pace of growth but also on the sustainability of that growth.
"Realising the Viksit Bharat 2047 vision will depend not only on how much we grow, but on how responsibly we grow. Sustainability must become a core business priority," Advani said.
He called for deeper collaboration among industry, policymakers, and communities to accelerate the transition towards a more sustainable and resource-efficient economy.