CTGI seeks to contribute to the sustainable growth of local economy through tax revenue, providing of affordable clean energy, creating job opportunities, procuring goods and services locally, participating upgradation of local industrial chain.
?Case: Karot Hydropower Project's contribution to local economy
Each year, the Karot Hydropower Project supplies clean and affordable energy to 5,000,000 local residents, and reduces 3,500,000 tonnes of carbon dioxide emissions. The project offers 5,000 jobs during the peak time of construction and launches near 20 public welfare projects including upgradation and construction of schools, hospitals, roads, parks and other public infrastructures.
?Case: CTG Brasil facilitates local economic recovery
In collaboration with renowned local NGOs, Instituto Meio and Ashoka Brazil Organisation, CTG Brasil initiated a pilot project focused on revenue generation and entrepreneurship, along with an innovative challenge in sustainable tourism. These projects aimed to assist local farmers and small business owners in overcoming poverty, fostering economic innocationo, and facilitating community transformation and advancement.
In 2022, CTG Brasil collaborated with three local family agriculture associations, making a significant investment of 112,465 USD. This funding was used to acquire essential materials, equipment, and greenhouses for the cultivation of strawberries and vegetables. Moreover, the program also provided valuable support through 88 hours of technical training, guidance in business management, and exploration of new market opportunities. The outcomes of this initiative were already evident in 2022. The average income of the 86 direct beneficiaries more than doubled, demonstrating the positive impact of the program. Furthermore, agricultural production experienced a remarkable three-fold increase, indicating the success and effectiveness of the project.
This case was recognised as the "Best Poverty Reduction Case" in the 3rd Global Poverty Reduction Case Collection, showing international acknowlegement of CTG's outstanding performance in fulfilling its global responsibilities.
