With a 10 million annual urban population growth and 20 million housing deficit, India has a great opportunity to demonstrate to the world that it is meeting its goals in a sustainable manner! Covestro India is fully engaged through its consortia approach to participate in skill, scale, speed and sustainability dimensions, as India leads through its urban rejuvenation efforts currently.
More than 100 key stakeholders gathered at India Infrastructure’s 4th Conference on Affordable Housing in India, sponsored by Covestro India. This conference was held in New Delhi on the 25th and 26th November 2019. The Government of India has committed to meet the Housing for All 2022 goals both in the Urban and Rural areas through the PMAY-U & PMAY-G initiatives.
In his keynote presentation by Veeralakshmanan, Head- Inclusive Business, Covestro India raised pertinent issues and their potential solutions at the recently held 4th Conference on Affordable Housing in India, hosted by the Indian Infrastructure magazine. In the session on Building Materials, he highlighted how this generation is paying the penalty of the folly of the past generations which focused only on costs. “There's a pressing need to adopt technologies that will immediately play a role in reduction of environmental footprint. Our landmark project in Jaipur using BMTPC-approved PIR Drywall Panel Technology is an example of sustainable technology which significantly contributes to the elimination of greenhouse gases.” he said.
With 2018 sales of EUR 14.6 billion, Covestro is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. The company is very well established in India with three manufacturing facilities across the country at Greater Noida, Ankleshwar and Cuddalore. Covestro has 30 production sites worldwide and employs approximately 16,800 people (calculated as full-time equivalents) at the end of 2018.
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This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.