The World Bank and Confederation of Indian Industry (CII) have joined forces to establish 'India Wildlife Business Council' aimed at promotion of endangered species conservation.
Signing a memorandum of understanding in this regard with CII deputy director general Indrani Kar, World Bank president Robert Zoellick said the India Wildlife Business Council would lead the efforts to save the tiger from becoming extinct.
"At last there is some glimmer of hope for the tiger in the biodiversity that it represents... The new Indian Wildlife Business Council is leading the way. I can't think of a better country to begin with.
"It has the potential to completely change the dynamics in the relationship between Industry and conservation," Zoellick said in his address to a meeting at World Bank headquarters in Washington organised by the Global Tiger Initiative.
"We are already down to the barest number, a few mistakes here and there and this important species is gone," Zoellick said and hailed the initiative of India's private sector.
In her address to the meeting, Indrani Kar said, "We will work with industry through the India Wildlife Business Council to promote green growth models, aligning business strategies focusing on a triple bottom line approach -- on profits, people and planet.