Government Policies and Private Investments Make for a Bright Cleantech Future in India

Author(s):  
Gavin Duke ◽  
Nidhi Tandon

Written from the perspective of private equity investment, this chapter highlights the factors needed to support clean technology development, and in particular, the importance of an enabling policy environment. Drawing from the experience of a private equity fund that seeks out environmental companies and develops them into viable international enterprises, this chapter showcases examples in India whose bottom lines include social and environmental benefits for all. Cleantech has a new resonance among law makers. International urgency on climate change issues and carbon emission reduction are converging with national government policies that seek to support clean energy, green jobs, as well as lessen industrial pollution and promote waste treatment, recycling and cleaner production. This is good news for all, including discerning green investors.

2016 ◽  
Vol 17 (2) ◽  
pp. 35-38
Author(s):  
Samuel Lieberman ◽  
John T. Araneo

Purpose To discuss the US Securities and Exchange Commission’s (“SEC’s”) increasing focus on disclosure and conflict-of-interest problems arising from how private equity fund (“PE Fund”) managers allocate expenses between management and fund investors. Design/methodology/approach This article summarizes the background of this focus on expense allocations and, drawing from the recent SEC enforcement actions focused on this issue, and identifies the types of both expenses and disclosures that have caught SEC attention. Findings After spending the first two or three years post Dodd-Frank raising awareness of these issues, the SEC has begun to impose large fines over expense-allocation conflicts and disclosure issues. Practical implications It is imperative for PE Fund managers to retain counsel to review their fund offering documents, expense allocation practices, and compliance programs to ensure consistency with the SEC’s recent decisions on these issues. Originality/value Practical guidance from experienced financial services lawyers.


2017 ◽  
pp. 40-46 ◽  
Author(s):  
М. V. Shchuryk ◽  
О. R. Nadraha

Processes of collection, processing, removal, storage and utilization of solid household wastes and garbage are analyzed. Problems associated with their organization were aggravating in Ukraine during the transition to the market-based economic model radically changing the waste treatment mechanisms operated in the period of administrative and command system. It is demonstrated that Ukraine still has no well-functioning management system enabling for the civilized treatment of household wastes, including their recycling and utilization. The process of household wastes and garbage removal is disorganized and erratic. The chaotic way of collecting household wastes and garbage, used in many countries as a resource supportive to the economic development, needs to be firmly rejected. The global practices show that the problems of utilization and reuse of household wastes and garbage can be dealt with through intensive innovating and intellectualization. The effectiveness of solutions to the above problems is also conditional on two key actors: local self-governance bodies and citizens concerned with the matter. Assurance of social and environmental benefits is their necessary component. By the current organization and economic principles, enterprises active in processing, utilization and storage of household wastes and garbage are assigned the key role in treatment of household wastes. The advanced organization and economic principles for collection, storage and utilization of household wastes and garbage in Ukraine can be introduced once the nation-wide conceptual model for the development of this economic activity is elaborated. It needs to rely upon the Keynesian model that accounts for not only the interests of capital, but conforms, in many ways, to the human values concerned with environmental protection. The mechanism for collection, removal, storage, utilization and processing of solid household wastes and garbage needs to be organized as a full-fledged component of the social reproduction process. The key problem which solution will help adopt the new organization and economic principles for utilization and disposal of wastes is to create the conditions for constructing waste recycling fact ories, including the system of preferences. As shown by practices of many developed countries, they ensure effective processing and recycling of household wastes and garbage and reduce the land areas required for wastes and garbage placement.


2012 ◽  
Vol 10 (1) ◽  
pp. 110-124
Author(s):  
Johan Hough ◽  
Andre Parker ◽  
Ernst Neuland

“Africa‟s not for sissies” is what one often hears when discussing business conditions in sub-Saharan Africa (SSA). However, the good news is that the new millennium increasingly exhibits significant trends in support of the notion that a reversal of SSA‟s fortunes is underway: annual GDP growth in the region is well ahead of the global average, civil wars in the region have largely come to an end and, for two years running, private equity investment flows into the region have surpassed that of foreign aid, Africa‟s traditional „crutch‟. Importantly, a small band of early-mover Multinational Corporations (MNCs) are making their presence felt in the region and beginning to make good profits. These firms include the likes of Diageo, The Coca-Cola Company, MTN and SABMiller. The purpose of this article is to research the nature and the changing face of the MNC, impact on globalization and Foreign Direct Investment (FDI), and some MNC strategies to enter foreign markets.


2013 ◽  
Vol 14 (2) ◽  
pp. 35-58
Author(s):  
Changmin Lee ◽  
Hyoung-Goo Kang ◽  
Young-Sang Yi

This paper suggests ways to develop healthy industrial relations at foreign-invested enterprises after M&A by studying Oriental Brewery Co., Ltd (“OBC”) case. OBC has the unique feature of being a foreign private-equity-fund (KKRKohlberg Kravis Roberts) invested company with dual unions. It is the only consumer product company in Korea that has regained the number one position in 2011 after 15 years of a continuous drop from the once dominant position with up to 70% of market share in the early 1990s. We have identified the contributing factors of such success from the perspective of union-management relationship before and after the M&A.


2021 ◽  
Vol 24 (Supplement1) ◽  
pp. 1.4-5
Author(s):  
Gregory W. Brown ◽  
Hu Wendy Y. ◽  
Jian Zhang

The theoretical model of Private Equity Scorecard Approach (PESA™), introduced an article in the Spring 2018 issue of The Journal of Private Equity (“Private Equity Scorecard Approach: Quality versus Myth”), develops a methodology to value a company based on its quantitative and qualitative indicators. As pointed out in the article, however, any model would only exist in theoretical boundaries, unless applied in practice. In this article, the author discusses the specific characteristics of the internal processes and organizational structure of a private equity fund that uses the PESA™ methodology in its modus operandi. The author provides practical examples of the fund’s approach to investments as well as the necessary information environment in which the fund operates.


The article is an analysis of Private Equity investment deal values across 24 industries by select Private Equity funds from 2007–2016. The purpose of the research is to identify any patterns of movement of deal values. The study established the growth rate of deal values and observed the performance of each Private Equity fund throughout the 10-year period. The purpose of the study is to determine the significance of Private Equity investment for the promotion, growth, and development of industries. In the case of heavy industries such as Energy, Engineering and Construction and Manufacturing, Private Equity investment becomes inevitable, at least as a supplement to government funding. Due to rising disposable income and purchasing power of people, industries such as BFSI (Banking, Financial Services, and Insurance) Retail, and other services such as Travel, Transport, and Telecom are also attracting considerable Private Equity. The role of Private Equity as an indispensable tool for industrialization is emerging and becoming dynamic. Furthermore, the government’s go-ahead attitude towards reforms is further boosting Private Equity investment’s opportunities and impact on India’s economic development.


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