Category: Startups

HOSPEX Healthcare Expo 2023

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HOSPEX Healthcare Expo cum Conferences 2023 – SEP 15-17,2023 at Zamra International Convention Centre, Kochi, Kerala

The “First, Best, and Only Hospital Expo in Kerala” for all your Medical Equipments and Hospital needs.

Experience the Next Generation of Healthcare at HOSPEX Healthcare Expo in Kerala! Join us as we bring together leading manufacturers and suppliers from the medical industry to showcase cutting-edge medical equipment and innovations. From state-of-the-art imaging technology to advanced surgical instruments, explore the latest advancements that are shaping the future of healthcare.

2nd Edition of HOSPEX Healthcare Expo cum Conferences will be held at Kochi, Kerala from Sep 15th – 17th 2023. This is Kerala’s first B2B Medical Expo which will take place at Zamra International Convention and Exhibition Center, Kochi,  Kerala.

HOSPEX 2023 Expo is the platform to showcase Technology, Products & Innovations to the healthcare fraternity.

Expo cum Conference Theme this year is on :

Future of Healthcare – Device | Digital | Diagnostics

Don’t miss this exclusive opportunity to witness the forefront of medical technology under one roof at the HOSPEX Healthcare Expo.

HOSPEX Expo has a projected walk-in of 10000+ professionals and entrepreneurs from all over South India including doctors, hospital owners, managers, supply & purchase staff, distributors that are all from the medical industry. 

HOSPEX is the Convergence platform where Makers (Medical Device Manufacturers) , Users (Healthcare Establishments) and Innovators (MedTech, HealthTech, Digital Health Innovators, FinTech, Insuretech, CyberTech etc) and Governments , Policy Makers join the connected conversations to strengthen and improve the Healthcare Ecosystem in the country.

For more information about Expo, visit – https://hospex.in/

All Conference details are available at – https://hospex.in/hospex-2023-conference/

Contact :

T S Soumya, Hospex
+91 9080078447
Email – reach@hospex.in

Hospex Conferences

The core focus of HOSPEX Healthcare Expo 2023 is medical knowledge dissemination thereby hosts multitude of conferences focused on the futuristic trends in the medical industry. These conferences provide attendees with the opportunity to learn about new products and technologies, network with other professionals in the field, and stay up-to-date on the recent and futuristic developments in the industry.

SMART Hospitals Conference

Date : Sep 16, 2023

Time : 10 00 am to 6 00 pm

Fee : Rs 500 per delegate

SMART Hospitals Conference focus is to enable Micro and Small Hospitals to Go Digital, use various HealthTech and MedTech Solutions – be it for Clinical Decision Support Solutions, Tech Solutions to help Hospitals to streamline their day to day practices, Tech solutions to improve productivity of healthcare workforce, Technologies that facilitate Quality and Safe Patient Care.

Conference will connect SMART Technologies, Solutions that are needed in healthcare settings as Future of Healthcare will be driven by Practitioners , Healthcare Settings using SMART Devices, Diagnostics and Digital Solutions.

Conference Outline :

  • SMART Medical Technologies help Practitioners to improve service standards
  • SMART Medical Device for Safe Patient care in Clinical Settings , Home Healthcare Setting
  • Testing and Certification of SMART Medical Devices – Global Regulations and Certification Requirements
  • Empowering Practitioners : Virtual Cardiac Care Diagnostic Solutions
  • Telehealth and Telemedicine – NMC Regulations & Clinical Establishments
  • SMART Prescription for Prescribers – EHR Solution
  • SMART Technologies to enable Small Hospitals – Technology Session 
  • SMART HealthTech Ecosystem
  • Digital Health Apps for Enhancing Patient Satisfaction, Loyalty and Referrals
  • Digital Ecosystems: Future of Healthcare – The Value for All: Patients, Healthcare organisations and Innovators, Startups
  • Smart Healthy Aging Tech Solutions

Target Audience :

Medical Professionals, Healthcare Professionals from Hospitals and other Healthcare organisations, HealthTech, MedTech Professionals , Startups, Innovators, Incubation Hubs, Medical Device Industry Representatives, Digital Health Teams, Quality Professionals, Regulatory Affairs Professionals and other stakeholders like Insurers, Governments, Regulators, Corporate Health & Wellness Teams, Corporate Medical Centers, Home Healthcare Service Providers etc

Program Brochure
Registration

HOSPEX PURCHASE MANAGERS WORKSHOP – FOR BIOMEDICAL TEAMS, PROCUREMENTS TEAMS IN HOSPITALS AND OTHER HEALTHCARE SETTINGS

Venue: Zamra Convention Centre, Kochi, Kerala 

Date : September 15, 2023

Time : 2 30 pm – 5 30 pm

Fee – Rs 250 + GST 

Target Audience :

Healthcare Professionals Who are incharge of Procurement Practices in Hospitals and other Healthcare Settings 

Medical Professionals, Promoters, Management Teams, Administrators, Purchase Teams, Biomedical Engineers, Finance Teams, Quality Teams , other functional heads who are interested in understanding more about Quality and Safety related Regulations of Hospital Supply Chain and Vendors .

Workshop shall cover following items that Hospitals Procure with special reference to:

– Biomedical Equipments

– Consumables and Disposables

– Standalone MedTech or Healthtech Software that is used for clinical decision support purpose

Program Objective :

Since Medical Devices, Health Technologies are part of the Value Chain of Hospital Supplies, its imperative for Procurement Teams, Purchase Managers, Finance Teams, Promoters , Quality Teams to learn more about Regulations and Compliances related to their Supply Chain , Value Chain of Hospitals (Suppliers and Vendors)

Hence HOSPEX has designed an Awareness Session covering the following topics for Hospital Teams who are incharge of Procurement :

  • Understanding Medical Device Regulations- Laws of the Land
  • Medical Device Regulations – Role of Bureau of Indian Standards
  • Foreign Regulations , Quality Specification – How its listed in other Key Global Regulations
  • Claims of Voluntary Certifications – How Authentic these claims are ?
  • Materiovigilance Program of India – Regulatory Requirement
  • Post Market Surveillance of Medical Devices
  • Biomedical Engineers Skill Certification Program, Scheme Details, Benefits 
Program Brochure
Registration

Contact Details :

For more information about Conference, visit – https://hospex.in/hospex-2023-conference/

For more information about Expo, visit – https://hospex.in/

For support in registration, reach out to :

Ms Soumya – 9080078447 

Email – reach@hospex.in

Industry 4.0 for MSMEs

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Conference on “Industry 4.0 for MSMEs” on 23rd August 2023, Wednesday

The adoption of Industry 4.0 technologies, such as automation and IoT, is essential for the manufacturing of MSMEs in the future. These technologies provide substantial advantages, such as increased visibility, productivity, competitiveness, and efficiency, all of which are essential for MSME manufacturers to maintain their lead in the global market. MSME manufacturers can successfully adopt Industry 4.0 principles and modernize their processes to satisfy future demands.

Considering the importance of this, Andhra Chamber of Commerce in association with Friedrich Naumann Foundation for Freedom is organizing a Conference on “Industry 4.0 for MSMEs” on the 23rd August 2023 in Hotel Hyatt Regency, Anna Salai, Chennai from 10 a.m. to 4 p.m.  

The learnings of the Conference will

  • make the MSMEs more competitive
  • make the MSMEs more attractive to the younger workforce
  • make the team stronger and more collaborative.
  • allow the MSMEs to address potential issues before they become big problems.
  • allow the MSMEs to trim costs, boost profits, and fuel growth

Target audience: MSMEs, Consultants, Academicians, CEOs of Industries etc.,
Participation fee:

Program Details:

Venue: Hotel Hyatt Regency, Anna Salai, Chennai 2

Date: 23rd August 2023 (Wednesday)

Time: 10 a.m. to 4 p.m

There is no participation fee but registration is must.

Click here to fill up online registration form . 

Click here to download registration form

As the participation is only on the first come first served basis, please fill up the registration form and send it to Andhra Chamber of Commerce at the earliest.

SEBI – Regulatory Frame Work

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Sebi – Regulatory Framework for value chain ESG disclosures for listed entities

Sebi came out with a regulatory framework for listed entities on ESG disclosures on supply chain and assurance.

Sebi has introduced BRSR Core, a sub-set of the BRSR (Business Responsibility and Sustainability Report), comprising nine Key Performance Indicators (KPIs) for several E, S and G factors that need to be assured. Under the framework, large listed companies will have to make disclosures and obtain assurance as per ‘BRSR Core’ for their value chain.

Keeping in view the relevance to the Indian market context, few new KPIs have been identified for assurance such as job creation in small towns, openness of business and gross wages paid to women. Further, for better global comparability, intensity ratios based on revenue adjusted for purchasing power parity have been included.

In addition, the Securities and Exchange Board of India (Sebi) has introduced disclosures and assurance for the value chain of listed entities, as per the BRSR Core. In the supply chain, Sebi said that ESG disclosures according to the BRSR Core for the top 250 companies on a comply-or-explain basis will start from 2024-25, with assurance beginning the following year, according to a circular.

Disclosures for the value chain will be made by the listed company as per BRSR Core as part of its annual report. In this regard, the value chain would encompass the top upstream and downstream partners of a listed entity, cumulatively comprising 75 per cent of its purchases or sales by value, respectively.

As per Sebi, listed entities will have to report the KPIs in the BRSR Core for their value chain to the extent it is attributable to their business with that value chain partner. Such reporting may be segregated for upstream and downstream partners or can be reported on an aggregate basis. Sebi also said the board of the listed entity will have to ensure that the assurance provider of the BRSR Core has the necessary expertise for undertaking reasonable assurance. Further, the listed entity would have to ensure that there is no conflict of interest with the assurance provider appointed to assure the BRSR Core. For instance, it needs to be ensured that the assurance provider or any of its associates do not sell its products or provide any non-audit related service, including consulting services, to the listed entity or its group entities

Click here to View the SEBI Notification

Source: https://www.moneycontrol.com/news/business/sebi-puts-in-place-regulatory-framework-for-value-chain-esg-disclosures-for-listed-entities-10948501.html

Training Program – Announcement

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Induction cum Training Program on 13th and 14thJuly 2023 – 2pm to 5 pm – Organised by Indian Pharmacopoea Commission

NCC-MvPI, IPC is organizing 10th Induction-cum-Training Programme from July 13-14, 2023 from 2:00 pm to 5:00 pm via digital/virtual platform to educate/aware Coordinators/Deputy Coordinators of hospitals/clinical establishments those who have submitted the enrolment form under MvPI.

After the completion of the training programme, NCC-MvPI, IPC will provide a time period of 3 months to the hospitals/clinical establishments for actively participating under MvPI.

Based on the active involvement of hospitals/clinical establishments in materiovigilance, NCC-MvPI, IPC will approve the hospitals/clinical establishments as MDMC in forthcoming MvPI partners meeting.

In this connection, all Hospitals / Clinical Establlishments are invited to this training programme in order to strengthen the materiovigilance programme in your organsation. Prior registration is a must.

Click here for Registration

CME On Pharmacology on 15th July 2023 – Announcement

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CME on PHARMACOLOGY – TOPIC : TO ENSURE PATIENTS SAFETY ON ADVERSE REACTIONS OF DRUGS AND MEDICAL DEVICES on 15th July 2023

Government of Karnataka Shri Atal Bihari Vajpayee Medical College & Research Institute, Bengaluru formerly called Bowring & Lady Curzon Medical College & Research Institute, DEPARTMENT OF PHARMACOLOGY jointly organised with NCC-MvPI, IPC & RTC-MvPI NIMHANS, Bengaluru conducting CME on 15thtJuly 2023

Topic : TO ENSURE PATIENTS SAFETY ON ADVERSE REACTIONS OF DRUGS AND MEDICAL DEVICES

Mode : Hybrid

Time : 9 am to 4 pm

Fee : Rs. 200

Venue: Lecture Hall 3, SABVMCRI, Bengaluru

Contact : Dr. Nishitha S B @ 9591040864

Who can register: Medical, Dental, Nursing, AHS , Paramedical, Pharmacy, AYUSH, Physiotherapy – faculty/Students, Health Department Officials & Industry Professionals

Registration Link : REGISTRATION FORM (google.com)

For any queries please contact Dr. Nishitha SB: 9591040864 / Dr. Poorvi M: 7259349749
Email: amcsabvmcri@gmail.com

Click here to read more

Industry information update – ESG on construction industry

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ESG for transformational affordable housing

Environment, Social and Governance are the three facets that characterise sustainable responsible investing for any organisation.

The rise of ESG standards in construction industry is expected to create a resilient and successful marketplace with long-term benefits fo stakeholders through a coordinated attempt to reduce the negative impacts on the environment.

The ESG framework for construction projects is developed in similar lines to the green building certification requirements, making green buildings a subset of it. The following are the key ESG parameters considered for any construction project:

EnvironmentalSocialGovernance
Energy savings and carbon emissions offsetLabour health, safety and environmentEnforcement of labour laws
Waste and Water managementGender inclusion Awareness of staff welfare and benefits
Resource efficiency through reducing, reusing, and recyclingCommunity engagement and buyer satisfactionFair payment terms and company policies
Occupant well-being and indoor environment comfort  

ESG provides a holistic strategy to enable a builder to gain understanding on the negative environmental and social impacts of their housing projects. For example, construction waste generated on site must be segregated and disposed of in a responsible manner.

Additionally, safety signages should be displayed in the local language of the construction workforce and mandating usage of PPE for them

It also enables the typically first-generation developers in the affordable housing segment to strengthen their corporate governance policies. For example, maintaining regularised wages and working hours for construction workers on site. Provision of a creche facility at the construction site to educate the construction worker’s children along with enforcing relevant policies to strengthen the prohibition of child & forced labour practices.

Infusing the concepts of ESG to create best practices for the construction sector will further help in achieving India’s climate target to reduce Emissions Intensity of its GDP by 45 % by 2030. This will further be a small step towards achieving India’s long-term goal of reaching net zero by 2070.2

So far India’s climate mitigation actions have been mostly financed from domestic resources. However, to address the challenge of climate change and achieve the Nationally Determined Contributions (NDC), there is a need for new and tailor-made funding required. Such funding opportunities are now coming in form of green bonds and climate finance from Development Finance Institutions to Indian banks and NonBanking Financial Companies (NBFCs).

The role of ESG is crucial to achieve the targets under India’s Panchamrit plan. To achieve this, real estate investors and lending companies should ensure that financing is aligned with positive and measurable climate, social and environmental co-benefits

Source:https://bfsi.economictimes.indiatimes.com/news/nbfc/esg-for-transformational-affordable-housing/101451819

Industry Information Update – ESG

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ESGpedia registry ensures suppliers hold accredited ISO certifications, helping companies manage global supply chain sustainability

Asia’s leading environmental, social, and governance (‘ESG’) data and technology solutions company, STACS, announced that its platform ESGpedia can help corporates manage supply chain sustainability by ensuring that suppliers hold accredited ISO certifications. The latest progress involves collaboration with International Accreditation Forum’s (‘IAF’) global certificate database IAF CertSearch and Quality Trade.

Global leader in solar innovation and channels, Maxeon Solar Technologies (‘Maxeon’), is onboard as a corporate representative in the live use case, and is making further progress in its supplier sustainability monitoring using ESGpedia.

Maxeon first commenced utilising holistic data and digital solutions on STACS’s ESGpedia to monitor the sustainability performance of suppliers in Maxeon’s end-to-end supply chain last October 2022.

In the latest development, ESGpedia platform enables Maxeon to ensure that suppliers within its supply chain meet Maxeon’s corporate sustainability requirements of being ISO-compliant.

A company’s supply chain accounts for majority of its scope 3 emissions. With rising regulatory, consumer, and investor scrutiny, companies like Maxeon have implemented corporate sustainability measures to manage its supply chain sustainability and decarbonise – and this is where monitoring comes in place to ensure the success of these initiatives.

Lindsey Wiedmann, Chief Legal & Sustainability Officer at Maxeon, said: “As part of our company’s purpose of Powering Positive Change™, Maxeon screens suppliers carefully and requires them to be ISO-certified. The goal of our partnership with ESGpedia by STACS is to achieve a one-stop holistic view of all relevant ISO certificates of current suppliers in one portfolio on a single data registry.”

In the latest collaboration, ESGpedia connects directly with IAF CertSearch, powered by Quality Trade, to retrieve valid accredited ISO certificates. Validity of certificates is dependent on numerous factors such as expiry or any updates in the company’s sustainability commitment.

Established by the IAF, IAF CertSearch is a global database of 900,000+ verified and accredited ISO Certificates obtained from various accreditation and certification bodies. ESGpedia then harmonises the ISO certificates data into standardized company ESG profiles, and organises Maxeon’s current suppliers’ ESG profiles into a single portfolio for ease of verification and monitoring by Maxeon. Based on various factors, Maxeon is also able to gain full transparency of which suppliers across their entire supply chain hold valid accredited certifications and be alerted when there is a change to the status of any certification, helping Maxeon manage supply chain risk.  

Sharon Yuen, Chief Commercial Officer at STACS, said: “With ESGpedia, we support corporates’ net zero journey and help them manage their supply chain sustainability and scope 3 emissions, to stay ahead of regulations, future-proof, and strengthen their competitive edge. A digital solution is especially key for companies like Maxeon with more complex supply chains and regional suppliers. We are therefore delighted to be collaborating with International Accreditation Forum and Quality Trade, and furthering our partnership with corporates like Maxeon through ESGpedia, to help them ensure the overall green-ness of their supply chains.”

Emanuele Riva, Chair at International Accreditation Forum, said: “The IAF CertSearch database helps businesses, asset owners and regulators know exactly which organisations in their supply chains, portfolios and networks hold valid accredited certifications.”

Rajesh Maheshwari, IAF Database Management Committee Chair, said “There has never been a more important time to know your suppliers, customers, and investees meet international standards, particularly in the area of ESG. The database quells fears of greenwashing as it records and provides transparency of the validity of certifications.”

Nigel Johnston, Chief Executive Officer at Quality Trade, said: “Businesses, asset owners and regulators require swift and reliable exchange of information to operate in today’s digital environment. We look forward to working with STACS to ensure valid accredited certification information can be aggregated and easily accessed on ESGpedia, helping organisation such as Maxeon to achieve their sustainability goals.”

Earlier this year in May (23 May 2023), the latest ESGpedia platform version was launched at its one-year milestone since its deployment in May 2022, with greater data coverage, solutions and analytics, and the ESCAP Sustainable Business Network (‘ESBN’) Asia-Pacific Green Deal for Businesses digital assessment.

Available at no cost on ESGpedia, the digitalised and simplified self-assessment tool is designed to lower the barriers to entry for corporates and SMEs to kickstart their sustainability journey through a form of an easy and guided program towards sustainability, and to report metrics that are aligned with stakeholders’ needs for consistent, comparable, and shareable data.

This helps suppliers who have yet embarked on sustainability or any certifications to start easily with a simplified and guided program, to attain their ESBN Asia-Pacific Green Deal badge to showcase their sustainability commitment to corporates like Maxeon.

For further information, please contact:

STACS (www.stacs.io)
Grace Lim, Senior Marketing Manager
Email: grace.lim@stacs.io

Source: https://stacs.io/esgpedia-registry-ensures-suppliers-hold-accredited-iso-certifications-helping-companies-manage-global-supply-chain-sustainability/

Industry information update – Medical devices

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DoP releases strategy document to fine tune & implement National Medical Devices Policy

In an effort to fine tune and proceed with the implementation of the National Medical Devices Policy, 2023, launched in the month of May, the Department of Pharmaceuticals (DoP) has come out with an elaborate strategy document which emphasises on data security measures, adoption of national nomenclature for medical devices, a strategy to manage e-waste of obsolete medical devices and strengthening of technology transfer capabilities in the sector.

It would also work towards providing awareness to the innovatory community on regulator compliance, early on in the product development cycle through structured programmes using course curriculum, skill training or workshops, it said.

The NMDP, 2023 covers six broad areas of work for the promotion of the medical devices industry including regulatory streamlining, enabling infrastructures, facilitating research and development and innovation, attracting investments in the sector, human resource development and brand positioning and awareness creation.

As part of infrastructure development, the strategy document states, “”In close coordination with the ministry of environment, forest and climate changes, processes will be developed for e-waste management of obsolete medical devices”.

“The Policy strives to create an ecosystem to promote Research and Innovation in the sector under the ambit of the department’s proposed separate ‘Policy to Catalyse R&D and Innovation in the Pharma-MedTech Sector in India’”

Besides, a mechanism will be put in place to hand-hold the innovators and IP holders towards commercialisation of the products

Under the fiscal and non-fiscal measures to attract investments in the sector, it looks at incubation support for start ups in the R&D and innovation, mentorship for entrepreneurs along with skill development, such as business management, market access and commercialisation efforts for the innovation solutions developed, technology transfer mechanism for innovative solutions and relations for start-ups in compliance and regulatory regime.

Under the human resources development strategy, it envisages that since the human resources in the field of design are limited, the National Institutes of Design (NID) and private design schools will be encouraged to teach design centric courses to fill the gap, it added.

Click here to read the Strategy document

Source:https://pharmaceuticals.gov.in/policy/strategy-document-national-medical-devices-policy-2023

Source:http://www.pharmabiz.com/NewsDetails.aspx?aid=160035&sid=1

Industry Information update

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Commerce ministry authorises EPCMD to issue registration-cum-membership certificates for exporters

The Commerce Ministry has authorized the newly-established Export Promotion Council for Medical Devices (EPCMD) to issue registration-cum-membership certificates for exporters of specific medical items. These items include bandages, first-aid boxes, hot water bottles, ice bags, gloves, surgical garments, syringes, and stethoscopes.

A Registration-cum-Membership Certificate (RCMC) is required for exporters to avail benefits under the foreign trade policy, as well as customs and excise benefits

Holding the certificate can also help exporters in availing benefits with respect to customs and excise.

These items also include hot water bottles, ice bags, gloves, personal protective garments for surgical/medical use, surgical gowns and drapes, syringes, with or without needles, and stethoscopes.

The directorate general of foreign trade (DGFT) in a public notice stated that the council has been included in FTP for “issuing RCMC for specific items”.

Click here to read the Notification

source: https://economictimes.indiatimes.com/news/economy/foreign-trade/commerce-ministry-authorises-epcmd-to-issue-registration-cum-membership-certificates-for-exporters/articleshow/101386747.cms

Carbon Credit Trading Scheme, 2023

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Carbon Credit Trading Scheme, 2023

The Ministry of Power notified the Carbon Credit Trading Scheme, 2023 whereby the governance of Indian Carbon Market and direct oversight of its functioning will be done by the National Steering Committee for Indian Carbon Market

1. The National Steering Committee shall recommend to Bureau the following functions:

  1. for the formulation and finalisation of procedures for institutionalizing the Indian carbon market;
  2. for the formulation and finalisation of the rules and regulations for the functions of Indian carbon market;
  3. for the formulation of specific greenhouse gases emission targets for the obligated entities;
  4. for the formulation and finalisation of guidelines regarding trading of carbon credit certificates outside India;
  5.  to issue carbon credit certificate;
  6. for the development of the process or conditions for crediting period or renewal or expiry of carbon credit certificate;
  7. to monitor the functions of Indian carbon market;
  8.  to constitute any Committee or Working group as required in connection with Indian carbon market; and
  9. any other functions assigned to it by the Central Government.

2. The Chairperson shall call the meeting at least once in a quarter of every year.

The bureau, in its role as administrator, will carry out the following tasks:

 (a) to identify sectors and potential for reduction of greenhouse gases emissions in such sectors and recommend to the Ministry of Power to include such sectors in Indian carbon market;

(b) to develop trajectory and targets for the entities under compliance mechanism;

(c) to issue the carbon credits certificate based on the recommendation of the National Steering Committee for Indian carbon market and subsequent approval of the Central Government;

(d) to develop market stability mechanism for carbon credits;

(e) to develop the procedure for accreditation and functions of accredited carbon verification agency;

(f) to accredit the agencies in accordance with the approved procedure for accredited carbon verification agency;

(g) to determine, the fees and charges payable by the registered entities with the approval of Central Government, for the purposes of meeting the cost and expense towards the implementation of this Scheme;

(h) to develop the process or conditions for crediting period or renewal or expiry of carbon credit certificates;

(i) to develop data submission formats, forms for effective functioning of Indian carbon market;

(j) to undertake capacity building activities for the stakeholders;

(k) to develop and maintain the information technology infrastructure including the user guidance platform required for Indian carbon market;

(l) to maintain secure database with all security protocols as approved by the Central Government;

(m) to constitute any Committee or working group as recommended by the National Steering Committee for Indian carbon market; and

(n) any other functions assigned to it by the Central Government.

The Central Electricity Regulatory Commission as a regulator to Indian Carbon Market shall perform the following functions:

(a) to regulate matters relating to trading of carbon credit certificates;

(b) to safeguard interest of both sellers and buyers;

(c) to regulate frequency of carbon credit certificates trading; and

(d) to provide market oversight and take necessary preventive and corrective actions to prevent fraud or mistrust

The Bureau shall constitute, one or more Technical Committees for different areas as required under compliance mechanism for the purposes of this Scheme

The Bureau with prior approval of the Central Government shall determine the procedure including eligibility criteria for accreditation of any agency to function as accredited carbon verification agency based on the recommendation of the National Steering Committee for Indian carbon market

The sectors and the obligated entities to be covered under the compliance mechanism shall be decided by the Ministry of Power based on recommendations of the Bureau;

The sectors and the obligated entities to be covered under the compliance mechanism shall be decided by the Ministry of Power based on recommendations of the Bureau

The National Steering Committee for Indian carbon market and other authorities shall develop the detailed procedure for operationalising the Indian carbon market, in accordance with this Scheme. The detailed procedure shall contain the following, namely: –

  • criteria for issuance of carbon credit certificates;
  • validity of carbon credit certificates;
  • floor and forbearance price of carbon credit certificates;
  • requirement, format and timeline for submissions;
  • monitoring, reporting and verification; and
  • any other related and incidental matters.

The Bureau may, from time to time, issue such directions and orders to the registered entities, with the approval of the Central Government, as considered appropriate for the implementation of this Scheme.

Click here to read the Notification

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