The high economic growth in Asia  in general and India in particular  brings benefits to the people, but it also creates unprecedented levels of pollution and resource degradation, which threaten to undermine the  economic gains and the integrity of global environmental systems. With the ‘manufacturing Sector’ all set for an explosive growth, the situation will only accentuate. To ensure that the  development takes on an environmentally sustainable path, a more direct interaction between governments and the business community is the key.

The members of the private sector are thus becoming closer partners with central and state governments, financial institutions, and the international community in pursuing sustainable development goals. These developments are altering the environmental regulatory landscape  requiring new thinking on how best to tap the public and private sector as a positive force for sustainable “green growth.” “The key is for governments to give them the incentive and flexibility to find low-cost ways to meet agreed environmental management objectives.

A new global business consensus on acceptable norms for environmental and socially responsible behavior is rapidly emerging. The United Nations Global Compact for Corporate Citizenship in the World Economy, the Global Reporting Initiative, and the Equator Principles are important indicators of this change and are vehicles for realizing new expectations.

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BUSINESS OPPORTUNITIES :
	New and greener products—together with massive investments in environmental infrastructure show that environmental cleanup and protection can bring business opportunities.
	A combination of careful use of technology, entrepreneurial attention to the worldwide market demand for “green” products and services, and sensible regulatory approaches should lead to a sustainable future.
	According to ‘Mcllvaine company’ (USA) – the publisher of ‘World Market for your Products’ – `Annual Environmental capital expenditure amounting to USD 81 billions in Asia will be the highest in the world over the next 10 years, out of which India’s share will be USD 14 billions  per Year.