Transitioning to sustainable manufacturing requires a collective effort. Businesses need to invest in new technologies and processes, while governments can play a crucial role by enacting legislation that incentivizes sustainable practices and discourages environmentally damaging ones. Consumers also have a role to play by supporting brands committed to sustainability and making informed purchasing decisions. 

By empowering MSMEs, India can realize its vision of a robust trillion-dollar manufacturing sector, fueling economic prosperity and sustainable development

By prioritizing digitization and sustainability, automotive procurement teams can become powerful engines for positive change. They can ensure the smooth flow of materials, optimize costs, and deliver vehicles that are not only technologically advanced but also environmentally responsible. 

This National Technology Day, we honour the profound impact of technology, which is revolutionizing every domain. Whether it’s AI and ML optimizing manufacturing processes, data analytics fostering innovation in supply chains, blockchain bolstering security in e-commerce, or technology materializing ideas into viable startups, we are amidst a remarkable technological evolution.

India’s booming economy relies heavily on its logistics sector to sustain growth. Yet, this progress comes with a hidden expense: greenhouse gas (GHG) emissions. Businesses in India are confronted with the challenge of reducing their carbon footprint while managing freight costs effectively. The optimal solution should prioritize affordable freight movement, ensuring competitiveness for Indian enterprises in the long term. Moreover, it must minimize GHG emissions, aligning with India’s environmental sustainability goals and aspirations for net zero emissions. While achieving this balance might seem daunting, the perfect solution lies within reach.

Moglix, a key player in B2B e-commerce and procurement, is poised to transform supply chain dynamics in the Middle East. With the MENA region’s B2B e-commerce market projected to reach $2,293 billion by 2030, Moglix is strategically positioned. Boasting the largest e-catalogue in the UAE and a growing network of physical warehouses, it’s ready to meet the surging procurement needs.

Envision traversing your city effortlessly, above the gridlock. This isn’t fiction—it’s India’s urban future. By 2030, a 1000km metro rail network is planned across nine major cities, revolutionizing daily commutes. Yet, how does India ensure this vision becomes reality on time and within budget? By strategically uniting government efforts and industry collaboration, hurdles can be overcome, paving the way for a more connected, sustainable urban landscape.

As India’s economy rebounds and business confidence grows, focus remains on MSMEs, which contribute significantly to GDP and exports. Despite pandemic challenges, many are bouncing back, while innovative startups emerge, adding dynamism to the business landscape.

E-procurement, a nearly $1 trillion annual e-commerce market, is witnessing a growing portion dedicated to sustainable procurement. This underscores the shift where embedding sustainability into the essence of a B2B e-commerce startup isn’t merely altruistic; it’s a strategic move yielding tangible advantages. It bolsters brand reputation, nurtures customer loyalty, and appeals to investors prioritizing ESG considerations. Yet, to achieve this, B2B e-commerce startups must lay the groundwork for sustainability within their organizational structure.

Since the inception of balance sheets, the ‘bottom line’ has served as the ultimate conclusion for businesses—a singular metric, focus, and story. Yet, the narrative is evolving. Today’s businesses are acknowledging the limitations of this singular approach and embracing a more comprehensive one: the Triple Bottom Line (TBL). This framework acknowledges that a company’s success extends beyond financial performance to encompass its impact on both people and the planet. With over 80% of the largest 100 companies adopting this approach, they have witnessed their average annual ROI soar to 13.5%, surpassing the traditional business average of 9.1%.