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World Bank funding for Fal-G units
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Sammakka-Sarakka jatara brings business for Anakapalli jaggery traders
Jaggery prices moves to Rs. 115 per kg
Security failure in Coramandal Fertilizers Factory
Rs.3.50 lakh worth of iron items looted
Bauxite mining issue gaining momentum again
Tribals launch seven days padayatra
Essar Steel acquires US Steel company
Estimated reserves of 1.4 billion tonnes of iron ore
ONGC Human Resources Meet begins at Visakhapatnam
Chairman stress importance of HR in business
Visakhapatnam, August 4, 2007
Grants $2.05 lakhs to Inswareb
The World Bank has granted $2.05 to the Institute of Solid Waste Research and Ecological Balance (Inswareb) for facilitating carbon credit revenue. Under the agreement singed by World Bank with Eco Carbon Pvt. Limited (ECPL), founder by city based Inswareb, an offer has been made for eight lakh tonnes of carbon credits by 2015 by encouraging Fal-G brick industry.
The amount received was pertaining to Bundle One, consisting of 13 Fab-G brick plants in Vizianagaram, Visakhapatnam, East Godavari, West Godavari and Krishna districts. The Chief Minister, Dr YS Rajasekhara Reddy will present the cheques to the units at Hyderabad on August 30, 2007. According to Kyoto protocol, Clean Development Mechanism will stimulate efforts in emission abatchment. The mechanism suits developing countries like India wherein industries conserving use of fossil fuel generating non conventional energy do qualify to generate emission reduction credits.
The founder of Inswareb, Kalidas said that disseminating the knowledge of manufacturing fly ash bricks for 15 years resulting to the promotion of over 5000 units throughout the country. The aggregate turnover has crossed over Rs.1,000 crore and jobs have been created for over 60,000 people.
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