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The Print
3 days ago
- Business
- The Print
Adaptive reuse, public-private synergy can drive heritage conservation: Report
The report — 'Building Public-Private Synergies for Heritage Conservation' — was released at an international heritage tourism conclave held on the premises of the iconic Lukshmi Vilas Palace in Gujarat's Vadodara on July 25. Jointly made by a leading business chamber and a global consultancy firm, it has also recommended 'adaptive reuse' of old buildings through PPP model and 'CSR funding' for heritage conservation. New Delhi, Jul 27 (PTI) Emphasising that heritage conservation must be seen as both a 'moral obligation and a strategic investment', a new report has pitched for greater synergy between public and private sectors, and use of digital technology to drive preservation efforts. Tourism, conservation and industry experts gathered at the conclave and deliberated on leveraging India's rich heritage for economic revitalisation, community development, and cultural continuity. 'Heritage conservation must be seen seen as both a moral obligation and a strategic investment, where country's heritage could be transformed from static monuments to vibrant and living symbols of identity, enabling it to continue inspiring and enriching future generations,' the 28-page report says. It also cited some successful conservation projects in various parts of India, as well as well-known preservation models in the UK, Spain, Italy and other countries. The report, jointly made by the PHD Chamber of Commerce and Industry (PHDCCI) and KPMG in India, stresses that heritage conservation in India is 'at its defining moment'. It must be recognised that the 'cultural landscape' around a heritage site is 'critical for the interpretation of the site and its built heritage', and thus is very much its integral part. Owing to its importance and nature of role in serving as a record for future generations, it becomes imperative to preserve this history and culture, hence requires time-to-time conservation, it says. The report through succinct examples underlines that heritage conservation means all the processes of looking after a place to retain its historical, architectural, aesthetic, cultural significance and includes maintenance, preservation, restoration, reconstruction and adoption or a combination of more than one of these. It also lays emphasis on adaptive reuse of heritage buildings as cafes, museums, galleries or other cultural spaces, and creating synergy through public-private-partnership (PPP) models, citing the case study of Uttar Pradesh. Besides, the report also recommends funding through Corporate Social Responsibility (CSR) and underlines coupling it with community outreach for best results. The report acknowledges the role of technology in this sector, and pitched for using Augmented Reality/Virtual Reality (AR/VR) for immersive storytelling and smart management tools for visitors' analysis and climate-responsive monitoring. On digital preservation, it emphasised on using technology to document, conserve and promote heritage and create inventories, especially for sites vulnerable to climate threats or human conflict. It also pitched for combining state and private funds to increase the overall funding available for heritage conservation projects. By combining state and private funds, heritage conservation projects can 'reduce their dependence on a single funding source', access a wider range of resources, expertise, this ensuring greater financial stability and sustainability of conservation efforts. As travellers increasingly seek authentic, immersive experiences, heritage tourism has emerged as a 'cornerstone of cultural identity, community empowerment, and regional branding, the report says. India, with its vast inventory of monuments, UNESCO World Heritage Sites, historic towns, palaces, forts, and intangible traditions, is 'uniquely positioned to lead this space'. India is endowed with iconic sites such as the Taj Mahal, Red Fort, Humayun's Tomb, ruins of old Nalanda university, ancient temples, medieval tombs and colonial-era structure and relics, which draw both awe and interest and intrigue among travellers. According to the Ministry of Tourism, Government of India's annual report (2022), cultural and heritage tourism is an important and evolving concept within India's total tourism economy, with growth potential fuelled by rising domestic demand and international interest in India's civilisation legacy, the report says. Citing a 2024 report, it further says that India's heritage tourism market is projected to reach USD 57.14 billion by 2033, driven by its rich cultural diversity, along with rising global interest in spiritual and experience travel, boosting domestic and international tourist inflow. The PHDCCI-KPMG report also cites some of the challenges facing efforts for heritage conservation, such as inadequate funding which can lead to neglect, deterioration, and loss of heritage sites; lack of technical expertise; insufficient community engagement; and maintenance challenges. The other factor is complexity of heritage projects. Heritage assets are often complex and multi-faceted. The complexity of such assets can make it challenging to develop effective conservation strategies. PTI KND MNK MNK This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Hindustan Times
4 days ago
- Business
- Hindustan Times
Energy tariff for industries: Gurugram-Faridabad industrialists seek regulator's intervention
A delegation of industrialists from Gurugram and Faridabad associated with the PHD Chamber of Commerce and Industry (PHDCCI) on Friday sought the intervention of Haryana Electricity Regulatory Commission (HERC) to bring the energy tariff for industries at par with neighbouring Punjab, Himachal Pradesh and Rajasthan. In support of their submission, the delegation also presented a comparative study report highlighting how industries in neighbouring states benefited from lower electricity tariffs. The delegation met with HERC member (legal) Mukesh Garg to discuss their concerns related to the recently revised electricity tariffs for industrial units in Haryana. As per a statement, the representatives said that Haryana's industrial electricity tariff should be brought in line with neighbouring states to ensure industrial competitiveness and attract fresh investments. In support of their submission, the delegation also presented a comparative study report highlighting how industries in neighbouring states benefited from lower electricity tariffs. Responding to the concerns, HERC member Mukesh Garg said that the commission being a quasi-judicial body which can only consider petitions filed under the provisions of the Electricity Act, 2003. He said that if any consumer has objections related to the fuel surcharge adjustment (FSA) or the tariff structure, they are required to file a formal petition before the commission, upon which an appropriate decision can be made. Garg said that the commission was hearing a review petition filed by the Yamunanagar-Jagadhri Chamber of Industry and Commerce and Laghu Udyog Bharati. He said that prior to issuing the tariff order for the financial year 2025-26 on March 28, the commission had conducted a public hearing in which all stakeholders were provided the opportunity to present their views.
Time of India
4 days ago
- Business
- Time of India
Faridabad, Gurugram industrialists meet Haryana Electricity Regulatory Commission to seek tariff revision
1 2 3 Chandigarh: In no mood to give up against increased electricity tariffs, a delegation of prominent industrialists from Gurugram and Faridabad, associated with the PHD Chamber of Commerce and Industry (PHDCCI), on Friday met Mukesh Garg, a member (law) of the Haryana Electricity Regulatory Commission (HERC), at the commission's office in Panchkula. The representatives submitted that Haryana's industrial electricity tariff should be brought in line with those of neighbouring states like Punjab, Himachal Pradesh, and Rajasthan to ensure the state's industrial competitiveness and attract fresh investments. In support of their submission, the delegation also presented a comparative study report highlighting how industries in neighbouring states benefit from lower electricity tariffs. Responding to the concerns, HERC member (law) Mukesh Garg clarified that the commission is a quasi-judicial body which can only act upon properly filed petitions under the provisions of the Electricity Act, 2003. He stated that if any consumer has objections related to the Fuel Surcharge Adjustment (FSA) or the tariff structure, they are required to file a formal petition before the commission, upon which an appropriate decision can be made. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo He further informed that the commission is presently hearing a review petition filed by the Yamunanagar-Jagadhri Chamber of Industry and Commerce and Laghu Udyog Bharati. He also shared that prior to issuing the tariff order for the financial year 2025-26 on March 28, the commission conducted a public hearing in which all stakeholders were provided the opportunity to present their views. Garg assured that both he and the commission's chairperson Nand Lal Sharma are fully committed to ensuring strict adherence to the provisions of the Electricity Act, 2003, and that the interests of consumers remain paramount at all times. Present during the meeting were PHDCCI Haryana Chapter co-chair Shri Pranav Gupta, senior industrialist M K Gupta, IMT Industrial Association Faridabad president Pramod Rana, along with several other representatives. The delegation also submitted a formal memorandum requesting a review and possible revision of the electricity tariff. MSID:: 122907278 413 |
The Print
09-07-2025
- Business
- The Print
PHD Chamber opens Bengal chapter, aims to revive Kolkata's industrial glory
Speaking at the launch event, PHDCCI president Hemant Jain said the chamber now has a presence in 21 states, including West Bengal, and acts as a voice for industries ranging from MSMEs to large enterprises, engaging with both central and state governments. The chamber said it is committed to supporting the revival of Kolkata's past industrial glory and transforming the city into a logistics and financial hub, leveraging its port, talent pool, and connectivity. Kolkata, Jul 9 (PTI) The Delhi-based PHD Chamber of Commerce and Industry (PHDCCI), one of India's oldest industry bodies, expanded its footprint in the eastern region by opening its West Bengal chapter, following its earlier presence in Bihar and Jharkhand. 'Kolkata has strategic advantages, and we see immense potential here. PHDCCI is here to work collaboratively with stakeholders to enable growth,' Jain said. With over 1.5 lakh members and 1,200 events annually, the chamber focuses on key areas such as ease of doing business, sustainability, and green energy. Vinod Dugar has been appointed as the chairman of the West Bengal chapter to spearhead regional industrial engagement and policy advocacy. PTI BSM NN This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
28-06-2025
- Business
- Time of India
India's economic outlook: PHDCCI says India will remain fastest growing among G7 peers, cites 61% trade surge
India will continue its robust economic growth trajectory and outpace major industrialised G7 countries, supported by strong domestic demand, sound macroeconomic fundamentals and a favourable demographic profile, the PHD Chamber of Commerce and Industry (PHDCCI) said in a report. The report, titled Population, Productivity, Partnership: Rethinking G7-India Collaboration , highlights that with an average real GDP growth of over 8% from 2021 to 2024, India has consistently outperformed all G7 countries—Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. Citing IMF projections, the industry body said India is expected to maintain a growth rate above 6% on average through 2029. 'India's consistent real GDP growth makes it the key growth driver for the world economy,' said Hemant Jain, President, PHDCCI, according to ANI. He credited India's momentum to structural reforms such as GST, the Insolvency and Bankruptcy Code, the Production Linked Incentive (PLI) scheme, and expanding digital infrastructure like Aadhaar and UPI. In terms of purchasing power parity (PPP), India's share in global GDP has risen from 7% in 2020 to 8.3% in 2024 and is expected to exceed 9% by 2029. A key driver, is India's demographic edge—with over 68% of its population in the 15–64 age group—compared to ageing G7 populations where over 10% are above 65. By 2030, this share is expected to double in many G7 countries, leading to shrinking labour pools and increasing dependency burdens, ANI reported. India's merchandise trade with G7 nations has grown 61%, from $154 billion in FY21 to $248 billion in FY25, while maintaining a steady trade surplus. 'This reflects India's rising export competitiveness,' the report said. It also noted India's global leadership on initiatives such as the International Solar Alliance, Mission LiFE, and the Global Biofuels Alliance. In technology and digital governance, the report said India's approach to AI, with initiatives like BHASHINI and Digital Public Infrastructure (DPI), showcases a human-centric and ethical model. PHDCCI said strategic cooperation with G7 on clean energy, climate finance, supply chain resilience, and healthcare will define future growth trajectories. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
