India is a developing country and of late it has chosen the path of industrialization as one of the major means for registering speedy economic growth and development, since a host of its regions is rich with unutilized mineral resources. With the process of globalization and liberalization, in recent times a large number of business houses with MNC links have flung in to the resource rich areas for setting up their units. But such business houses almost everywhere are facing stiff people’s resistance and majority of them are halted halfway through. The resistance is caused primarily because the completed industrial and mining projects have severely affected the Environment and the Livelihood creating mistrust among the impacted people on the government machineries and also on the business houses. Keeping this at the back of the mind, an empirical study has been conducted in some of the completed projects and projects which have been halted due to people’s resistance. The findings of this empirical study have been presented in the present paper. The major objectives with which this study has been attempted are:1. To identify adverse effects caused by some of the completed mines and industries on the environment and livelihood in the impacted area and people 2. To list out environmental and livelihood issues that need to be guarded by the Business Houses while setting up their units3. To come up with a Framework for ensuring Environmental and Livelihood Risk Mitigating Majors for the Industrial and Mining houses as a part of their Responsible Business Behaviour towards the impacted community.The paper on the basis of the empirical findings has thus identified critical environment and livelihood issues which if guarded and are embodied as a part of the R&R Strategy from the beginning of a project and incorporated in the DPR with a closely monitoring mechanism, can help avert or minimize the resistance to a substantial extent. This will ensure a win-win situation for the impacted people-business houses and will help resolve the longstanding deadlock in the proposed project areas.