Bangalore based VayuGrid was selected to join world leaders convening in Rio de Janeiro in June 2012 for the United Nations Conference for Sustainable Development, referred to as Rio+20. VayuGrid will be hosted by the Donor Committee for Enterprise Development (DCED) during the United Nations Global Compact's Rio+20 Corporate Sustainability Forum.
VayuGrid is among the four Indian companies selected from India to lead the Forum's discussion on "Enabling Green and Inclusive Markets" on June 18th.
VayuGrid is focused on creating a supply chain footprint of VayuSap (Elite Pongamia) plantations in Africa, Asia and the Middle East to enable production of Pongamia Oil as a biofuel and as a sustainable alternative to diesel while simultaneously creating local ecosystem for long term sustainability and inclusive growth in rural areas.
Says Doug Peterson, CEO, VayuGrid, "VayuGrid's model enables Triple bottom line impact as per UNDP's Millennium Development Goals, which are Social, Environmental and Economic."
Social: VayuGrid works with small farmers in areas where land is a liability due to low irrigation (less than 400 mm) and turn it into a productive asset that will generate 4 to 8 times of what they currently earn for the next 60 years besides creating local jobs.
Environmental: Create carbon sinks as a tradable commodity for industry from the plantations and from the biofuel generated from these plantations. In addition, these plantations will result in soil enrichment of arid land, besides producing organic fertilisers as a by-product, reducing dependencies on chemical fertilisers.
Economic: With these plantations, enable industry/governments to accelerate growth (capital and trade) and meet the carbon/GHG Commitments at Rio+20 by trading in the perennial carbon sink, using biofuels as diesel replacement in areas such as mass transportation, agriculture productivity and distributed power generation, create local growth opportunities, and of course, conserving foreign exchange.
VayuGrid Marketplace Services Pvt Ltd is a Bangalore based company focused on building biofuel supply chain around Pongamia and has developed elite planting material branded VayuSap™, which are more superior to "ordinary" Pongamia in precocity, yield, disease resistance and specific biochemical products of industrial value. VayuGrid is focusing its efforts on supplying VayuSap for building BioEnergy Plantations in markets such as Asia, Africa and the Middle East.
For more details, look up www.vayugrid.com
About Rio+20 Conference
Rio+20–the short name for the United Nations Conference on Sustainable Development to take place in Rio de Janeiro, Brazil, in June 2012–is an historic opportunity to define pathways to a safer, more equitable, cleaner, greener and more prosperous world for all. For more details, look up http://www.uncsd2012.org/rio20/about.html