The world’s population is expected to grow, and at the same time, the swiftly increasing standards of living in some developing countries, along with the escalating accumulation of greenhouse gases in the atmosphere, has made the goal of sustainability increasingly urgent [1,2]. With a population around 1.25 billion, India is second most populated country in the world after China. It is expected that India would become a developed country by 2020 [3]. An unprecedented growth in human population in India is putting a huge pressure on available natural resources. Thereby, the fear of scarcity of natural resources and the goal of becoming a developed country, is forcing governments and enterprises to initiate corporate and industrial environmental management measures [4].