Showing posts with label #The True Opportunity of Restoring India’s Land for Climate and Communities. Show all posts
Showing posts with label #The True Opportunity of Restoring India’s Land for Climate and Communities. Show all posts

Thursday, December 10, 2020

 The True Opportunity of Restoring India’s

Land for Climate and Communities

Restoring 75% of the land in Sidhi District, Madhya Pradesh could create thousands of jobs and small businesses while fighting climate change. WRI India and the Government of Madhya Pradesh have signed an MOU to help local communities restore more land, faster.

Mumbai /Bhopal, December 9, 2020: Nearly 700 million people in India depend on forests and agriculture for sustenance. The livelihoods of these people are at risk: Climate change could reduce agricultural income by up to 25% annually, leaving more than 50% of the workforce vulnerable. But that damage isn’t irreversible. About 140 million hectares — nearly half of India’s territory — could benefit from protecting forests and restoring land.

A new report from WRI India, Restoring Landscapes in India for Climate and Communities, quantifies that opportunity for the climate-vulnerable but impoverished Sidhi district in Madhya Pradesh. By adapting the Restoration Opportunities Assessment Methodology (ROAM) to assess the environmental, social, and economic benefits that restoration can bring, researchers analyzed the ecosystem services and livelihood benefits of restoration, while taking land tenure, gender, and social inclusion into account.

The analysis found that:

·         Restoring 75% of the District’s land could create 3.75 million paid working days for local people and almost INR 1.3 billion (USD19 million) of extra income from wages and sale of saplings. 

·         There is potential to sequester more than 7 million tons of carbon in forests within 20 years, conserving biodiversity and controlling erosion.

·         Building 3,000 restoration micro-enterprises that sell high-value tree crops like bamboo, jackfruit, amla (Indian gooseberries), and moringacould create 30,000 jobs.

·         A healthy landscape can fulfill critical local demands by providing food, fuelwood, fodder, and non-timber forest produce for dependent communities, controlling soil erosion, and conserving biodiversity.

·         People from traditionally marginalized groups, including women, unemployed youth, and landless people, stand to benefit.

The report also analyzes the social landscape of the district: the key people and organizations that govern the flow of information and funds, hold authority, and spur and mediate the conflict. By understanding actor-network relationships, researchers found civil society organizations, local research universities need to be at the forefront to drive the restoration agenda in the district along with the state actors. Findings also indicate that while women and members of India’s marginalized Scheduled Tribes and Castes implement restoration, they are seldom key decision-makers and mechanisms will have to be designed that benefits can flow to them. Bringing their insights and restoration priorities to the table will be key to achieving the true economic and environmental opportunity.

A Partnership to Restore More Land, Faster                                      

On November 9, the Department of Panchayat and Rural Development (DP&RD), the Government of Madhya Pradesh (MP), and WRI India signed a memorandum of understanding (MoU) to develop a collaborative plan for realizing the total potential of restoring Sidhi’s landscape. Under the MoU, the DP&RD and WRI India aim to leverage the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS), Madhya Pradesh State Rural Livelihoods Mission (MPSRLM), and other initiatives in the livelihoods, infrastructure development, tribal welfare, and panchayat sectors. This work will help the Government of India’s meet its international commitments, including its nationally determined contribution (NDC) to the Paris Climate Agreement, its Bonn Challenge and Land Degradation Neutrality targets to restore 26 million hectares of land, and the Sustainable Development Goals (SDGs).

WRI India and DP&RD agreed that restoration should strive to 1) Align with the goals of various government departments to show the breadth of what restoration can achieve, 2) Improve land productivity and address land-use challenges by restoring critical ecosystem services such as biodiversity, soil, and water; and 3) To put people, especially women, at the center of planning and implementing restoration projects.

By learning from these lessons, local decision-makers around the world during the upcoming UN Decade on Ecosystem Restoration (2021-2030) can build inclusive systems to manage land that maximize economic opportunities and create value for the most marginalized people.

Quotes:

MrManoj Shrivastava, Additional Chief Secretary, Department of Panchayat and Rural Development, Government of Madhya Pradesh:

“We want to develop a holistic, comprehensive, and composite approach to restoration that brings together Mahatma Gandhi National Rural Employment Guarantee Scheme, State Rural Livelihoods Mission (SRLM), Swachh Bharath Mission, and watershed work. Sidhi has faced degradation and lost ecosystem services. Landscape restoration has the potential to establish a circular economy in the district based on recycling, remodeling, and reconfiguring natural resources that have been disturbed People will be at the center-stage for this collaboration. We will have the help of SRLM and change will come in a gender-specific way; women will be at the forefront of restoration. Many initiatives will be taken with the help of self-help groups, cluster-level federations, and village organizations.”

Dr. OP Agarwal, CEO, WRI India:

“WRI India’s motivation for designing projects is to see implementation and change on the ground. Realizing the true opportunity of restoring landscapes will take investment and perseverance. That is why we are delighted to be working with the Government of Madhya Pradesh to restore prosperity and rural jobs in Sidhi. Now, it’s time to replicate this approach to landscapes throughout India – and around the world – during the UN Decade on Ecosystem Restoration (2021-2030).”

Mr. R. Parasuram, former Chief Secretary, Government of Madhya Pradesh and Senior Fellow, WRI India:

“WRI India has been an active partner in designing and implementing landscape restoration at the global level. This MoU between Madhya Pradesh’s Department of Panchayat and Rural Development and WRI India, for the implementation of landscape restoration, has the potential to become a game-changer in the management of natural resources. Given a history of out-migration of its rural poor, this project in Sidhi can help expand rural livelihood opportunities within the district in addition to addressing land degradation and retention of soil moisture for rain-fed agriculture.”

 

Dr Ruchika Singh, Director, Sustainable Landscapes and Restoration, WRI India, and Marie Duraisami, Manager, Sustainable Landscapes and Restoration, WRI India

“Our learnings from Sidhi showcase a path forward for more synergistic planning at the landscape level, which can unlock the potential of nature-based solutions at scale, with people at the center driving the projects. India has an immense opportunity for landscape restoration in more than 100 million hectares where trees can be grown within different land-uses for climate action. This has been assessed through an interactive, web-based platform that showcases priority areas. There are multiple benefits from landscape restoration as the study findings indicate. To unlock this potential, mechanisms will have to be designed so that benefits can flow to the people, especially marginalized men and women, in the landscapes.”

 

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About WRI India

WRI India is a research organization with experts and staff who work closely with leaders to turn big ideas into action to sustain a healthy environment – the foundation of economic opportunity and human well-being. We envision an equitable and prosperous planet driven by the wise management of natural resources. We aspire to create a world where the actions of the government, business, and communities combine to eliminate poverty and sustain the natural environment for all people.



 

 

 

 

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face value of ₹10 each Fresh Issue Size - Up to 98,97,000 Equity Shares OFS size - Up to 13,50,000 Equity Shares Total Size - ₹ 150.71 Crore (At Upper Price Band) Price Band - ₹ 126 - ₹ 134 per share Lot Size – 111 Equity Shares Mumbai, September 21, 2026 - Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of operational experience, serving automotive, primarily commercial vehicles, and non-automotive applications, including defence and emergency services, heavy equipment and off-highway machinery and industrial equipment across more than 32 countries, proposes to open its Initial Public Offering on Wednesday, September 23, 2026 aiming to raise ₹ 150.71 Crores (At Upper Price Band), with shares to be listed on the BSE & NSE. The offer size is up to 1,12,47,000 Equity Shares with a face value of ₹10 each with a price band of ₹126 - ₹134 Per Share. Equity Share Allocation QIB Portion – Not more than 50.00% of the Offer Non-Institutional Investors - Not less than 15.00% of the Offer Retail Individual Investors - Not less than 35.00% of the Offer The net proceeds from the IPO will be utilized for funding capital expenditure by the company towards procurement of machinery and equipment for enhancement of operations at the Dewas Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in its subsidiary Adroit Driveshafts Private Limited for capital expenditure towards machinery and equipment at the Pithampur Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in the subsidiary for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by it, and general corporate purposes. The anchor bidding is on Tuesday, September 22, 2026. The offer will open on Wednesday, September 23, 2026 and will close on Friday, September 25, 2026. The Book Running Lead Manager to the Offer is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited. Mr. Saurabh Sangla, Chairman and Managing Director of Adroit Industries (India) Limited “expressed, The upcoming IPO marks a new phase for the Company. Over the years we have built vertically integrated capabilities spanning forging, precision machining, heat treatment, assembly, balancing and testing, and expanded our portfolio to over 5,000 SKUs of driveline components supplied to customers in more than 32 countries. Going forward, our focus will be on strengthening capacity across our manufacturing facilities, improving operational efficiency, deepening engagement with the Distributors, OEMs and Tier-1 customers across our export and domestic markets and broadening our automotive and non-automotive applications. The IPO will support our plans as we continue to strengthen the business and pursue long-term growth.” Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Adroit Industries (India) Limited has built an export-led driveline business over four decades, with vertically integrated manufacturing and a diversified customer base across automotive and non-automotive applications. The upcoming IPO marks an important step in the Company’s journey as it enters the public markets. We believe the Company’s integrated manufacturing capabilities, long-standing customer relationships and expanding product portfolio provide a foundation for its next phase of growth. We are pleased to be associated with Adroit Industries (India) Limited as it takes this step towards becoming a publicly listed company.” About Adroit Industries (India) Limited Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts – also known as drive shafts or cardan shafts – and related torque-transmission components. Its portfolio spans over 5,000 SKUs of driveline components, including propeller shaft assemblies, yokes, shafts, companion flanges, universal joints and accessories, supplied to automotive applications, largely commercial vehicles and SUVs, and to non-automotive applications spanning defence and emergency services, heavy equipment and off-highway machinery and industrial equipment. The Company operates three manufacturing facilities in Madhya Pradesh – Dewas Facility i.e for die making and forging processes, Pithampur Facility for machining and assembly, operated by its subsidiary Adroit Driveshafts Private Limited, and Sanwer Road Facility for certain finishing operations– with end-to-end in-house capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing. The facility is certified under IATF 16949, ISO 9001, ISO 14001 and ISO 45001. With operations commencing in 1966, the Company has evolved into an export-led driveline components manufacturer, with 95.39% of Fiscal 2026 product sales derived from outside India across more than 32 countries, supported by a Canadian subsidiary for North American customer engagement, and serving 185 customers in Fiscal 2026 through distributors, Tier-1 driveline component suppliers and OEMs. In FY26, The Company achieved a Revenue from operations of ₹1,399.43 million, EBITDA of ₹387.10 million & PAT of ₹261.58 million. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face valu...