World Environment Day: Recycling Industry could be worth $20 Billion By 2030
As the world’s top users of plastics, India faces a pressing challenge in managing plastic waste with its growing population and consumption patterns. A circular economy approach must be embraced by India to overcome this issue and promote sustainable development. Increasing recycling and reuse to create a restorative and regenerative ecosystem are all part of the circular plastic economy.
The report, which highlights that these three segments of recycling will drive India’s circular economy agenda, is to be unveiled on World Environment Day on June 5. As per sources, Koushik Bhattacharyya, Managing Director and Head of Industrials Investment Banking, Avendus Capital said, “We believe that the recycling sector is at an inflection point owing to the rising focus on sustainability and the regulatory push”.
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