Context: National Productivity Council (NPC), an autonomous registered society under Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry, NPC is celebrating its 61st Foundation Day on 12th February with the theme “Circular Economy for Productivity & Sustainability”.

NPC observes foundation day as Productivity Day and the National Productivity Week from February 12-18, 2019. 

Significance of the theme:

This year theme represents a unique opportunity for circular business model for Make à Use à Return. It presents an opportunity for long term economic prospects and regeneration of materials.

Transitioning to an efficient circular economy will benefit industry and all stakeholders now and in future.

What is circular economy and why is it important?

1. The circular economy follows the principle of preservation and enhancement of natural capital by controlling finite stocks and balancing renewable resource flows. The other principles suggest optimizing of resource yields by circulating products, components, and materials at their highest utility at all times, in both technical and biological cycles.
2. Circular economy has the potential to increase productivity and create jobs, whilst reducing carbon emissions and preserving valuable raw materials.
3. It provides for a way of creating value. It works by extending product life span through improved design and servicing and relocating waste from the end of the supply chain to the beginning – in effect, using resources more efficiently by using them over and over.

About NPC:

NPC is national level organization to promote productivity culture in India.

Established by the Ministry of Industry, Government of India in 1958.

It is an autonomous, multipartite, non-profit organization with equal representation from employers’ & workers’ organizations and Government, apart from technical & professional institutions and other interests.

NPC is a constituent of the Tokyo-based Asian Productivity Organisation (APO), an Inter Governmental Body, of which the Government of India is a founder member.

Functions: NPC teams up with its clients to work out solutions towards accelerating productivity, enhancing competitiveness, increasing profits, augmenting safety and reliability and ensuring better quality. It provides reliable database for decision-making, improved systems and procedures, work culture as well as customer satisfaction both internal & external.