Piyush Goyal says Global South not Responsible for Climate Damage

04 Dec 2024 CW Team

Union Minister of Commerce and Industry Piyush Goyal stated that the Global South should not be held accountable for the environmental damage caused worldwide, attributing it to the developed nations that had benefited from low-cost energy. Speaking at the Confederation of Indian Industry (CII) Partnership Summit 2024, he emphasised the need for shared but differentiated responsibilities in addressing environmental challenges.

The summit, attended by trade ministers from 11 countries, including Italy, Israel, and Bhutan, focused on sustainability and global cooperation. Goyal emphasised that the responsibility for addressing environmental challenges should be proportional to the contribution to the problem, with developed nations bearing greater accountability.

He called for more collaboration in shared supply chains and sustainable development efforts. Stressing the importance of innovation, industry, infrastructure, and investment, Goyal remarked that these factors would help foster inclusivity and growth among nations.

The minister also pointed out the impact of Artificial Intelligence and automation on employment and skills, noting the need to balance technological advancements with the preservation of tradition and culture. He underlined the importance of empowering youth through education and skills development to drive economic growth and achieve Ease of Doing Business and Ease of Living.

Regarding sustainability, Goyal highlighted the significance of reducing consumption waste and adopting a circular economy. He noted that environmental challenges are not only driven by carbon emissions from manufacturing but also by the carbon footprint from consumption patterns. He urged nations to reflect on their lifestyles and resource usage.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..