Adopting best environmental standards for new units would give India a competitive advantage

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It can be nobody’s case that India should have anything but the highest environmental standards. Positive perceptions on this account add to the brand value of firms as well as nations.Ajay ShankarApart from the ready availability of land with quality infrastructure and connectivity, speedy clearances are key to attracting global supply chains to India. The time taken in getting environmental clearance usually comes up at the top of the list of expected delays. The draft Environmental Impact Assessment (EIA) notification is an attempt to address this problem. It has generated a huge backlash from the environmentalists. A different approach could, perhaps, be a win-win for all.It can be nobody’s case that India should have anything but the highest environmental standards. Positive perceptions on this account add to the brand value of firms as well as nations. There is also no real problem in giving speedy environment clearances and at the same time having the highest standards. The difficulty lies in the prevailing processes. At present, the requirement is for an EIA study for each project.Related NewsThis takes quite some time. This is then considered by an expert committee that may want to have some clarifications. …

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