GREENING OF MANAGEMENT: SOCIAL RESPONSIBILITY OF INDIAN PHARMACEUTICAL INDUSTRY

The present time is an era of revolution as rapid changes and developments have been noticed in almost all spheres around the globe. In most of the countries the private sector has played a pioneer role to introduce several changes. The pharmaceutical industry through research and development has brought out a variety of products. There is much of experimentation, researches and trials. The improved technology in pharmaceutical industry requires a wide variety of essential manufacturing equipments and material. In the process of manufacturing, since a wide range of activities are involved this has an adverse impact on the environment. Thus it brings along matters of concern. With the changing time, the era of modernization is coming up with many more problems. To cope with such problems, the production of drugs is also being carried out on a massive scale. The procedures involved in these activities and manufacturing of drugs causes several, perhaps unnoticeable, environmental tribulations. So, the pharmaceutical companies should take it as a social and moral responsibility to pay back to the environment through the so called mechanism known as ‘Greening of Management’. The paper throws light on the concept and significance of Greening of Management in the Indian pharmaceutical industry with a few examples demonstrating the kind of efforts that are being made. Although most of the efforts are in nascent stage but every step towards greening of management is of great consequence.