Saturday December 7, 2019

‘Green’ lessons earn Reliance staffer Guinness entry

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Coimbatore: An hour-long lesson last year on how to segregate waste at source, involving 12,994 people of this city, has fetched C G S Manion, a member of the polyester division of RelianceIndustries, a Guinness World Record.

Manion, who has to his credit nearly 15 years of work towards environment protection, was selected by the Coimbatore Municipal Corporation to conduct a lesson on recycling on August 5 last year, which the Guinness has recognised.

In its citation, Guinness World Record called it the largest recycling lesson.

“This event was an attempt to reach a majority of local households with practical messages on waste segregation, reduce dumping of waste and recover for recycling and composting,” it said.

The environment expert’s campaigns also work in tandem with his employer Reliance Industries’ own facilities, townships and adjoining places through a host of initiatives like the one on a sustainable system to collect and dispose used plastic bottles in a green manner.

“These projects are very special to me not for the Guinness Record, but for reaching out to our society for a genuine social cause,” said Manion, also associated with a non-profit organisation that has undertaken works like the restoration of water bodies and afforestation.

Named Siruthuli, a small drop of water in Tamil, the non-profit venture started with projects to rejuvenate water sources in this city and has now ventured further into afforestation, waste management and awareness programmes.

“Such efforts are reflections of our company’s commitment to ‘recycle, reduce and re-use’,” a Reliance Industries spokesperson said, referring to how the company re-uses plastics to replace carcinogenic asbestos and make pre-coloured fabrics to avoid harmful dyeing later.

“We see such efforts as an inspiration for our ‘go green with swatch Bharat’ campaign,” the spokesperson said, and added that the strategy involved creating awareness on safe disposal of plastic bottles, adopt a systematic collection system and making fibres out of them.

At some high-profile events like the Indian Premier League cricket matches, the venues are peppered with banners explaining safe disposal methods and calling upon patrons to bring their plastic bottles for a “greener future”.(IANS)

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Reliance Industries to Set Up Wholly-Owned Subsidiary for its Digital Platform Initiatives

The company said in a statement that the move will ensure that monetisation opportunities accrue to the shareholders efficiently

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Reliance, Industries, Subsidiary
RIL's digital platforms include the categories MyJio, JioTV, JioCinema, JioNews and JioSaavn. Flickr

Reliance Industries on Friday said that it will set up a wholly-owned subsidiary for its digital platform initiatives with an investment of Rs 1.08 lakh crore.

Accordingly, the company’s move will lead to the creation of the largest digital services platform company in India.

RIL’s digital platforms include the categories MyJio, JioTV, JioCinema, JioNews and JioSaavn.

The company said in a statement that the move will ensure that monetisation opportunities accrue to the shareholders efficiently.

Reliance, Industries, Subsidiary
Accordingly, the company’s move will lead to the creation of the largest digital services platform company in India. Wikimedia Commons

“There is no impact in the value pre and post reorganisation for any shareholder; There is no impact on the consolidated debt of RIL,” the RIL statement said.

The company further said that the move will not impact RIL’s standalone credit profile given its robust cash flows and conservative leverage.

RIL’s Chairman and Managing Director Mukesh Ambani said: “This new company will be a truly transformational and disruptive digital services platform. It will bring together India’s No.1 connectivity platform, leading digital app ecosystem and world’s best tech capabilities globally, to create a truly Digital Society for each Indian. Jio has been heralding the digital services revolution in India and will continue to do so in the years to come.

Also Read- Reserve Bank of India Emphatically Firing on All Three Cylinders of Rates, Liquidity, and Guidance

“Given the reach and scale of our digital ecosystem, we have received strong interest from potential strategic partners. We will induct the right partners in our platform company, creating and unlocking meaningful value for RIL shareholders.” (IANS)