Mukesh Ambani emphasizes innovation as key driver for excellence at TERI's Foundation Day Lecture

Sh. Sushil Kumar Shinde, Hon'ble Minister of Power presided over the ceremony

New Delhi, New Delhi, August 22, 2007 /India PRwire/ -- Celebrating 25 years of Research and Innovation, The Energy and Resources Institute (TERI) sought inspiration and guidance from the world’s 14th ranked billionaire Mukesh Ambani in defining the path towards inclusive development. Faced with the threat of climate change that would exacerbate the vulnerabilities created by economic and resource poverty, the poor in India and the world urgently need the participation and intervention of the resource rich to mitigate both their threats and vulnerabilities. TERI has identified the finding of such solutions, and their implementation, as its priority in the coming few years.

Speaking at the 6th Darbari Seth Memorial Lecture organized by TERI, Mr Mukesh Ambani, shared his vision and ideologies for the country and spoke about the need of innovation to achieve excellence in the changing global scenario of rapid economic integration. He said that India is turning a new leaf and change needs to be faster, to meet global economies. "We need to transform India and vision needs to be wholistic where people can excess all opportunities, hence bring about a rapid socio-economic change. A new development model based on a comprehensive vision, exemplary leadership and extraordinary execution, is required and we to partnership with organizations like TERI to address issues like energy security, food security and poverty alleviation.

An annual affair and also the Foundation Day of The Energy and Resources Institute (TERI), the Sixth Darbari Seth Memorial Lecture was held at The Stein Auditorium, India Habitat Centre, New Delhi. In the past, Darbari Seth Memorial Lecture has brought great entrepreneurs and scientific luminaries like Dr. Abdul Kalam, N R Narayanamurthy and K Kasturirangan to share their vision.

Dr Arcot Ramachandran, Chairman, TERI made the opening remark by recalling the legacy of Mr. Darbari Seth and highlighting the efforts of The Energy and Resources India (TERI) in sustaining and further enhancing his vision.

The Hon’ble Minister of Power, Shri Sushil Kumar Shinde, who was also the presiding over the ceremony, acknowledged the marvelous contribution of TERI towards extensive research both in the country and abroad and awakening the society towards issues related to climate change, power and sustainable development. He further added, "Innovation and out-of-box approach not only benefits the nation but also the common man. Further visionaries like Mukesh Ambani and organizations like TERI with their continued efforts are sure to further take the cause ahead."

Dr. R.K. Pachauri, Director-General, TERI concluded the ceremony by highlighting the endeavors of Mr. Seth and his compassionate vision. He said, "Today’s lecture by Mr. Mukesh Ambani has given us a road map for the development of the country. India needs to break the barriers of the past and needs to succeed in the years to come in areas of energy security, resource management and sustainable development."

The audience was an impressive mix of dignitaries, ranging from Senior Bureaucrats, Embassy/High Commission Officials, Entrepreneurs, NGO’s, Academicians, Scientists and Researchers, all remembering the great visionary.

Reliance Industries is also a member of TERI- BCSD (Business Council for Sustainable Development), an independent and credible platform initiated by TERI for Corporate leaders to address issues related to sustainable development, environmental management, social responsibility, and economic performance. Recently Reliance Industries Limited (RIL) received the 6thTERI Corporate Award for Business Response to HIV/ AIDS 2007 on May 23, 2007.

Notes to Editor

The Energy and Resources Institute (TERI)

A dynamic and flexible organization with a global vision and a local focus, TERI was established in 1974. While in the initial period the focus was mainly on documentation and information dissemination activities, research activities in the fields of energy, environment and sustainable development were initiated towards the end of 1982. The genesis of these activities lay in TERI’s firm belief that efficient utilization of energy, sustainable use of natural resources, large–scale adoption of renewable energy technologies and reduction of all forms of waste would move the process of development towards the goal of sustainability.

All activities in TERI move from formulating local and national level strategies to suggesting global solutions to critical energy and environment-related issues. It is with this purpose that TERI has established regional centres in Bangalore, Goa, and Guwahati, and a presence in Japan, Malaysia, Russia, and the United Arab Emirates. It has also set up affiliate institutes: TERI–NA (The Energy and Resources Institute, North America) Washington DC, USA, and TERI–Europe, London, UK.

In this world of increasing globalization and buoyed by optimism generated by the success of the Indian economy, TERI moves forward to meet the challenges of the future through the pursuit of excellence embedded in its visionary charter. There are nine research divisions within TERI –

§ Policy Analysis Division

§ Energy–Environment Technology Division

§ Environmental and Industrial Biotechnology Division

§ Biotechnology and Management of Bioresources Division

§ Regulatory Studies and Governance Division

§ Action Programmes Division

§ Information Technology and Services Division

§ Sustainable Development Outreach Division

§ Technology Transfer Division

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