JOIN USCorp governance driving mgmt certification business in India
Increasing awareness about statutory compliance and the need to adhere to corporate governance norms are driving the Rs 200-crore certification business in India, according to a German consultancy firm.
The Managing Director and Chief Executive Officer of UL DQS India, a subsidiary of global management systems company DQS Holdings GmBH, K Murugan said, “There is a big change in mindset among companies who are conscious about negative branding arising out of irresponsible corporate practices and processes, especially in the manufacturing sector. More companies now want to ensure that their processes are socially, economically and environmentally sustainable.”
He spoke to Deccan Herald on the sidelines of “Auto Sustain”, a Rs 2.5 crore, 14-month project aimed at creating awareness among automotive firms on sustainable processes in Bangalore and Chennai that commenced in October this year.
The project is supported by UL DQS India, European financial institution DEG, Indo-German Chamber of Commerce and Asia Society for Social Improvement and Sustainable Transformation, a non-governmental organisation. Murugan said that the $130 million management certification business in India is growing at 20 per cent.