GV Sanjay Reddy

  The Covid-19 pandemic, which has been ravaging countries across the globe now, has completely altered the world and its ways. However, human beings are resilient species, and even in our battle to survive, we are taking it as a learning experience.  GV Sanjay Reddy , the Vice Chairman of GVK Group observes, “If there is one thing that people have missed the most during this pandemic, it is the freedom to travel without fear. However, they are using this as a learning experience, and becoming more mindful about their impact on the environment.” The desire for sustainable travel is higher than ever before. Why Choose Sustainable Travel? Broadly put, sustainable travel refers to the practice of tourism, which has minimal impact on the environment and is not disruptive to the local life and biodiversity. The tourism industry is responsible for a carbon footprint of over 4.5 GtCO2e, which is about 8% of the world’s total carbon emission. It has led to massive amounts of air and w...

  India is one of the leading nations to make significant investments in the clean energy in the past  decade. Eminent entrepreneur and Vice Chairman of GVK Group, GV Sanjay Reddy has said that clean  energy is the future of the power sector in India. Today, India is one of the leading countries that  are making significant investments in clean energy. With US$ 90 billion investment in the last  decade, India is the only G20 nation that is aggressively working towards achieving targets mandated  by the Paris Agreement.  India is home to one of the most diversified energy sources in both — conventional and non-conventional sources of energy categories. However, the present regime has been focusing a lot on developing clean energy. Prime Minister Narendra Modi in his speeches has continuously mentioned about implementation of “responsible development”, focusing majorly on popular renewable energy sources. Consequently, India was placed at fifth position ...

  India’s economy faced a serious downturn since the imposition of nationwide lockdown and continuous restrictions on movement when unlocking began in series. However, as soon as things started opening up, the market got the much-needed business traction and things started moving towards normalcy. When most of the sectors started making profits after months of loss-making, the recent surge in infection cases due to the spread of the mutant deadly virus, the economy is once again surrounded with loads of uncertainties. Vice-Chairman of GVK Group, GV Sanjay Reddy has said that the road towards a higher growth rate will be bumpy, but the Indian economy is going to thrive due to the active policy interventions of the present regime.    The International Monetary Fund (IMF) has recently released the World Economic Outlook (WEO): Managing Divergent Recoveries where, it has said that India is expected to grow at 12.5 percent during FY2021-22, eventually settling at 6.9 percent i...

  He said that strengthening local artisans will help India in finding its lost soul which once lived in its villages. GV Sanjay Reddy GV Sanjay Reddy has said that India can become self-reliant rapidly if every Indian buys and advocates buying locally handmade products. While discussing post-pandemic Indian economy scenarios, he said that encouraging local artists and handmade goods producers will foster the economic revival. “When the British first arrived in India in the early eighteenth century, India was one of the largest producers of superior quality handicrafts in the world and it constituted lion’s share in the total exports of the subcontinent,” says GV Sanjay Reddy. He also said that the sequential deep-rooted destruction of the native Indian industry by the colonial powers can be easily observed even today. “By the time British left India, they annihilated local Indian businesses just to make their heavy industries flourish. It is no secret that we Indians became base f...

  GV Sanjay Reddy He supported the demand of the chairman of Finance Commission NK Singh who recently suggested the government set up DFI in healthcare. The Parliament has recently passed the DFI in infrastructure bill for supporting long-term infra projects. On Friday, the Chairman of the Finance Commission, NK Singh has suggested setting up the DFI for healthcare on similar lines as the recent development of DFI for infrastructure. Vice-chairman of GVK, GV Sanjay Reddy welcomed suggestions made by NK Singh while commenting on enhancing the healthcare capabilities of the nation. At the NATHEALTH Annual Summit, NK Singh said, “The health sector is in dire need of a health developmental financial institution (DFI). Budget 2021-22 mentioned setting up a DFI to stimulate investments with an initial corpus of Rs 20,000 crore.” He also said that the DFI for healthcare is as important as DFIs in other sectors such as agriculture (NABARD), tourism (TFCI), and housing (NHB) amongst others,...

  GV Sanjay Reddy Physical infrastructure is crucial for any country to achieve its national goals. It becomes essential for rapidly developing countries like India to have a reliable and adequate cutting-edge infrastructure to propel development. The present regime has been focusing aggressively on raising funds for supporting national programs. Recently, the government has announced that it is going to introduce The National Bank for Financing Infrastructure and Development (NaBFID) Bill, 2021 next week in Lok Sabha for manoeuvring infra plans. While commenting on the development, the Vice-Chairman of the GVK Group -- GV Sanjay Reddy has said that the constitution of the Development Finance Institution (DFI) will revolutionize the infrastructure in India. Through the NaBFID, the government will set up the DFI with the aim to support the financing of infrastructure projects. As per reports available, NaBFID will have a corpus of INR 20,000 crore and the DFI will leverage it to rai...