CII Communique - December, 2010

towards excellence
green business
CII Godrej Green Business Centre
CII receives Award for ‘Innovative Financing’
at India Power Awards 2010
US Department of State as well as USAID also support
this initiative.
9th Edition of Cost Congress
The CII Total Cost Management (TCM) Division organised
the 9th edition of Cost Congress on 17-18 November
Mumbai. The theme for the event was ‘Aligning TCM
with Strategic and Operational Cost Management’.
Dr V Krishnamurthy, Chairman, National Manufacturing
Competitiveness Council presenting the India Power Award 2010 for
Innovative Financing to CII
CII’s New Ventures India (NVI) on 11 November received
the prestigious India Power Award 2010 in New Delhi for
Innovative Financing from the Council of Power Utilities,
for ‘aiming to mobilize equity and debt investment to
finance Green products, technology and services.’ CII
was unanimously selected by the Jury for the Award.
New Ventures India is designed to meet the needs of
Indian entrepreneurs in the domain of Sustainability.
It serves as a unique platform for budding ‘Green
entrepreneurs’ in facilitating investments for them to scale
up their operations. Further, NVI enables entrepreneurs
to access larger markets, including overseas. Further,
NVI enables the entrepreneurs to have greater access
to markets across the globe.
In the past four years, New Ventures India has been able
to facilitate investments to the tune of Rs 122 crores
in 15 of the portfolio
companies.
New Ventures India is
a joint initiative of the
CII Sohrabji Godrej
Green Business Centre,
Hyderabad, and the
W o r l d R e s o u r c e s
Institute, Washington
DC. This initiative is
mainly supported by the
British High Commission
under the Strategic
Programme Fund. The
J P Dange, Chief Secretary, Maharashtra addressing.
Also seen K V Mahidhar, Principal Counsellor, CII-TCM Division; and
S Mahalingam, Chairman, CII-TCM Working Group & CFO, TCS Ltd
The key objectives of Cost Congress 2010 were to
evolve and standardize best practices of TCM across
the sectors in the industry and provide a forum for
sharing best practices by indus try experts and domain
experts.
The TCM Manual, which is a review of the evolution and
progress of the TCM Movement in India was released
by Prof N Ravichandran, Director, IIM Indore, at the
inaugural session.
At the inaugural session, TCM Maturity Model Plaques
A N Raman, Member, CII TCM Working Group; P Thiruvengadam, Member, CII TCM Working Group &
Sr Director, Deloitte Touche Tohmatsu; S Mahalingam; Prof N Ravichandran, Director, IIM-Indore; and
K A Palia, Chairman, Cost Congress and Executive Director (Fin), Godrej & Boyce
32 | December 2010 Communiqué