Industrialization has concerned with economic prosperity, contradictory, it has also resulted in increase in population, urbanization, and stress on the basic life supporting systems while moving towards the environmental impacts. Rushing blind growth in industrial growth and comparatively low environmental sustainability is now befitting a significant issue in industrial development process. Prevailing studies and researches confirm the fact that the transition of the traditional Indian industries into eco-centric industrial paradigm through successful implementation of green approaches in view of green production, green marketing and green entrepreneurship will provide a justified solution to preserve the natural resources and to sustain the Indian economy. It is interconnected with appropriate planning and harmonies framework to nurture environment. This study is an investigation to observe and assess prevailing practices of Indian industrial sector in arena of environment pollution and its environmental management practices. Numerous movements towards protecting environmental pollution and environmental degradation created an awareness of the value of the world. It comprises practices for identifying, monitoring and reporting corporate environmental impacts and for integrating into corporate decisions on product costing, product pricing, capital budgeting, product design and performance evaluation. Responsibility towards environment has become one of the most crucial areas of corporate social responsibility. This realization conveyed environmentalism into the world of business and depicted ultimate move towards sustainable development. It is high time to resolve fight of industrialization Vs. Environment only then Indian industries may compensate debt of society and mother land.

KEYWORDS:  Economic Prosperity, Population Urbanization, Eco-Centric Industrial Paradigm, CSR.