Industry experts discuss Urbanization solutions for the Current and Future Challenges in 2050 at the CII event in Mumbai

CII hosted an evening with some distinguished members of the industry and representatives from the authorities to discuss “Mumbai in 2050: Urbanization solutions for the Current and Future Challenges.” An evening where thought leaders from different sectors shared insights and new solutions that will ease the impact of urbanization in the coming years.

Some of the key dignitaries present at the conference included: Ashish Kumar Singh – Principal Secretary Transport and Ports, Govt of Maharashtra, Ashutosh Limaye – Director and Head, Anarock Property Consultants, Jayant Kohale – Business Head, RPG Smart Infra, Vinod Rohira – MD and CEO, commercial, real estate and REIT – K Raheja Corp, Ashank Desai – Chairman CII and Founder, former Chairman Mastek Ltd and Santosh Rai – Head of Business development, HCC.

Dr. Markus Steilemann – Global CEO, Covestro said “Mumbai focuses many of the key global challenges of the 21st century – amongst them the urgent need to provide affordable and economically compatible housing and living conditions particularly for the millions of people at the bottom of the social pyramid. These challenges can only be tackled in collective efforts using the expertise and insight of many different parties. That is why this meeting is so important and fruitful. One central element of sustainable building is having the right materials such as high-performance plastics. Insulating foams for example are best suited to help save the huge amount of energy required to heat up or cool down homes. In combination with clean energies there is an effective way to make the construction sector more resource efficient and climate friendly.”

Rapid urbanization is creating lots of challenges such as housing, sanitation, utilities and transportation for these cities. Mr. Ajay Durrani – MD, Covestro spoke “Mumbai is currently going through massive urbanization and many developmental projects are underway. One of the major challenges that the civic authorities and developers are facing are waste management and pollution control. Cars alone are not the major contributor to pollution today, thousands of construction sites in the city are adding huge amounts of dust and smoke as well. As business leaders we need to look at sustainable solutions to reduce this pollution and increase usage of greener materials across all sectors.”

‘Industry Leaders recommend Smart Urbanisation Development for Mumbai in 2050’

  • Enhanced Transportation: Cheap, clean, comfortable and fast public transport that is subsidized because this reduces pollution and reduces traffic congestion
  • Smart Mobility: Authorities to build required infrastructure to support e-vehicles and hybrid cars
  • Affordable housing that is built with sustainable solutions
  • Equal access to amenities, regardless of income group
  • Effective Government Policies: Such massive initiatives also calls for action and government intervention to make policies that will pave the road to uniform development and there are no lapses

About Covestro:

With 2017 sales of EUR 14.1 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. Covestro has 30 production sites worldwide and employs approximately 16,200 people (calculated as full-time equivalents) at the end of 2017.

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Chintan Joshi

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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 The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.