India has been elected as the Chairperson of the Executive Committee of the Multi-lateral Fund of the Montreal Protocol at the 11th meeting of the Parties to the Montreal Protocol on Substances that Deplete the Ozone Layer on December 3, 1999, during the meeting held at Beijing. The Indian delegation was led by the Minister of Environment & Forests, Shri T.R. Baalu.
During the meeting, India lent support to the Beijing Declaration which emphasizes that the commitments of developed countries to the replenishment of the Multi-lateral Fund are not less than what had been agreed to in the last replenishment period.
India and other developing countries had earlier expressed their commitment to the Montreal Protocol by agreeing to implement tighter control measures as proposed by the European Union, in a spirit of global cooperation. Compensation of US$ 82 million was agreed to be given in a phased manner by the Executive Committee for the gradual closure of the CFC production in India. Projects worth US $ 5 million were approved for conversion and phase out of Ozone Depleting Substances (ODS) in the consumption sector, in the executive committee meeting of the Multi-lateral Fund.