Our Faith na caaOr haya-ma\ naca raja haya-ma\ | na BaatRBaajyama\ naca BaarkarI || vyayao Ìto vaQa-to eva ina%yama\ | ivaVaQanaM sava-Qana P`aQaanama\ || Knowledge can neither be stolen by a thief, nor snatched by a king. It is indivisible unlike ancestral property, it never burdens the bearer, it multiplies manifold when offered to others. Knowledge is the supreme form of wealth. Our Vision To shape professionals, to conquer the present and future challenges to the socio economic fabric of our society, by institutionalising search, development, research and dissemination of relevant knowledge through structured learning systems. Our Mission To evolve, develop and deliver dynamic learning systems to equip professionals with conscience and commitment to excellence and courage to face business challenges. ABOUT MET At MET, we encourage students to push the limits of their minds. Because, we believe, that's what gives them the edge. Today, we can say with pride that our students aren’t just intelligent. They are sharp. Razor sharp. Armed with experience and knowledge, the MET faculty goes beyond the syllabus and teaches the students life management. Quick-thinking. Ingenious. Committed. The faculty won’t leave the class till every question has been answered, every doubt erased. If MET students are head and shoulders above the rest, it’s because our faculty spares no effort to sharpen the area between their ears. Just a stone's throw away from the Arabian Sea, is an institution that is creating waves. Because, it is quite simply, a cut above the rest. The MET League of Colleges is a conglomerate of premiere educational institutions, driven by a single minded focus on imparting quality education to make students sharp. Established in 1989, with a mission to redefine the system of education, MET is a professionally managed, multi disciplinary and multi faceted oasis of knowledge. Its premiere educational institutes conduct university accredited and autonomous programmes. The grant of the ISO 9001:2000 certification is an acknowledgment of the institution's capability to deliver professional education that meets the highest standards of professionalism worldwide. All this, to help young professionals face the challenges of life. And make their mark in the corporate world. Mumbai Campus Institute of Management Institute of Mass Media Asian Management Development Centre Institute of Pharmacy Institute of Medical Sciences Institute of Information Technology Institute of Computer Science Institute of Distance Learning Institute of Software Development and Research Institute of Trichology Institute of International Studies Rishikul Vidyalaya Knowledge Explorer - Publishing Division Nasik Campus Institute of Management Institute of Pharmacy Institute of Engineering Institute of Technology (Polytechnic) Institute of Information Technology Institute of Distance Learning GIVING INDIA THE EDGE There comes a time in the history of a nation, when braving all odds it marches forward regardless of global dominance. Powered by the double digit growth of the industrial sector, 300 million middle class and 500 million young hopefuls, our country is developing as an engine of growth of the world economy. Globally, thought leaders hold the common view that India represents the aspirations of the world. Undoubtedly, the educated English speaking, technology savvy youth will lead us to universal success. With two million schools, five million teachers and associates with a million young professionals offering their services to the industry and business annually, the economy is poised ushering in a techno commercial revolution in the country. But as the forces of globalisation bring in competition with accompanying cost and bottom line pressures, we will soon be faced with the question of class vis à vis mass education. As the industry becomes more competitive and as we try and reach out to the global markets, we will have to deliver world class quality products and services all the time. Therefore, nurturing and developing high quality educational systems and institutions will become the prime responsibility of all the stakeholders in education. We believe that the golden age of India is with us and ahead of us and not behind us. At MET, through our academia and pedagogy, we seek to offer world class learning systems to the youth. Through a balanced mix of academics and industry interaction, we train professionals who have not only contributed significantly to the Indian industry, but have reached beyond the shores of this country and sought global acclaim for our efforts. Today, India is emerging as a global super power. Not surprising, considering she has produced some of the best minds in the world. In every field, Indians are making their mark in the international arena. At MET,in our own small way, we are trying our best to add to the country's intellectual capital, by producing the next generation of sharp minds, who, we hope, will shape India's future and lead her to greater heights. MET is our humble contribution to the building of resurgent India, poised to conquer the global economy. Board of Trustees MET League of Colleges MET SCHOOLS OF MANAGEMENT Programme Institute Affiliation / Accreditation Duration MMS MET Institute of Management, Mumbai University of Mumbai, AICTE, DTE Masters in Management Studies 2 Years Full Time MMM / MFM / MHRDM / MIM MET Institute of Management, Mumbai University of Mumbai, Govt. of Maharashtra 3 Years Part Time eMBA MET Asian Management e-empowered Management Four certificate courses 2750 Hrs. Duration & Business Administration Development Centre, Mumbai eMBA-Insurance MET Asian Management e-empowered Management & Business Four certificate courses 2750 Hrs. Duration Administration (Insurance) Development Centre, Mumbai PGDM (e-Business ) MET Institute of Computer Science, Post Graduate Diploma in AICTE, Govt. of Maharashtra 2 Years Full Time Management (e-Business) Mumbai The MET Advantage gISO 9001:2000 certified gNGO in Special Consultative Status with UN (ECOSOC) gMET has been ranked 13th best B School in South Asia by Asia Inc. Magazine g12th best B School in India by CNBC TV18 gRanked 'A++’ grade B School by Business India gOutlook ranks MET amongst top 30s in India gGlobal internship opportunities in USA, UK and China gFreeship awards programme for meritorious students gExcellent placement opportunities gSuperior intellectual capital armed with knowledge and experience gWell networked with the best of corporates in India & abroad gInternational interaction programmes through China Study Mission and United Nations internship programme gSensitising the students towards social causes through programmes like Save Water, Project TRUTH, Vidya Shakti etc. gResearch focused faculty with a cumulative experience of over 150 years gThe best state-of-the-art infrastructural facilities gStrong alumni base of over 25,000 students gHighest package of Rupees one and a half million p.a. gGlobal faculty gLive management threshold gInternational alliances with reputed B Schools gOutstanding Indian / global industry interface gCorporate social responsibility projects gEnlightened interaction for urban-rural synergy gGlobalised learning systems delivered with Indian ethos SUSTAINABLE DEVELOPMENT: THE CHALLENGE AND RESPONSE The seventh issue of Metaphor is an effort of the students and faculty members of the MET Schools of Management, to understand the business potential offered, while meeting the challenge of sustainable development. Ever since the United Nations Framework Convention on Climate Change (UNFCCC or FCCC) engaged the global community in a serious dialogue on climate change, at the Earth Summit [Rio de Janeiro, Brazil – 1992], its mission and the message were universally propagated, by organisations like Green Peace and other NGOs. When the Kyoto Protocol offered a binding agreement, to reduce greenhouse gas emissions worldwide, entered into force on 16th February, 2005, more voices and nations joined the cause. By 2008 over 183 countries ratified the protocol and serious steps have been taken by the European Union and other developed nations, including the US, to bring down GHG emissions to manageable levels. However, few countries have been successful, in launching concrete programmes, to meet the deadlines laid down by UNFCCC. Initially, the business community the world over, looked at the entire climate change challenge, as a stumbling block or hindrance, to their expansion plans; since the strict norms of GHG emissions, required costly research effort and put a limitation on their profit margins. Gradually the breakthrough research and introduction of the carbon credits mechanism that could then be sold to buyers enhanced the interest of business, in promoting the cause of sustainable development. In fact, the spurt in crude prices led to intensive and extensive research, in developing renewable sources of energy, thereby contributing to the widening of a profitable business horizon, in implementing climate change initiatives. It is this positive side of the sustainable development challenge, which can be the engine for the growth of the economies the world over, in the 21st century. This issue of Metaphor addresses various dimensions of sustainable development, as applicable to enterprises in agriculture, bio fuels, transportation systems, the automotive industry, the construction industry, as well as the impact and fallout of such initiatives, on all the sectors of the economy. The students and faculty