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Article

1 Mar 2009

Author:
Shankar Venkateswaran, SustainAbility

Business and Development: Making Displacement Work for Everyone

For companies developing major industrial projects, business-as-usual is an increasingly risky strategy where displacement is involved...the company will have to face the consequences of dislocating local communities...Companies that are successful in the displacement process are more likely to win the trust of local communities and public sector bodies, gaining licence to operate more quickly, benefiting from an enhanced reputation, and bringing new projects to fruition more effectively and efficiently. [refers to Tata Motors (part of Tata Group), Posco, Vedanta, Norsk Hydro]