National Webinar on “Synergy Between Circular Economy And Industry 4.0 To Achieve Sustainable Development Goals”
The Department of Economics & Banking organized a national webinar on “Synergy between Circular Economy and Industry 4.0 to achieve Sustainable Development Goals” on 21st April 2022 from 11:00 am to 12:00 p.m. The Resource Person for the webinar was Dr. Ashulekha Gupta a Professor of the Department of Management Studies from Graphic Era (Deemed to be University), Uttarakhand, India. 92 participants attended the webinar across both the online screening platforms of Google Meet and You Tube.
Ms. Petalia Coutinho was the compere for the session. The Principal, Dr. Prita D. Mallya addressed the virtual gathering and emphasized on the relevance of a circular economy to achieve sustainable development goals. Ms. Brionna Noronha, Student FYBCom introduced the Resource Person for the webinar. Dr. Ashulekha Gupta commenced the session. Dr. Gupta explained the three basic principles on which the circular economy is based viz. elimination of waste and pollution, circular products and materials and regeneration of nature. She provided a detailed explanation on each of these principles and supplemented them with examples of companies that follow these principles. She also stated that India has adopted the path of a circular economy and could bring in annual benefits of approximately Rs. 40 lakh Crores by 2050.
Dr. Gupta went ahead to discuss about Industry 4.0 which is a new phase in the industrial revolution that focuses on interconnectivity, automation, machine learning and real time data. She emphasized on the benefits of Industry 4.0 and how it has improved efficiency so as to usher in the usage of lesser resources while creating more. Dr. Gupta then tackled the issue of sustainable development, its six central capacities and the seventeen Sustainable Development Goals. The webinar concluded by listing out measures to achieve these sustainable development goals.
Dr. Gupta then effectively answered the questions posed by the audience during the question and answer session. Ms. Sudeepa Oli, Student FYBCom proposed the Vote of Thanks after which the link for the feedback form was shared with the participants.