Industry Comes Together to launch Asia’s Largest Packaging Waste Management Venture

Aims at mobilizing and converging assets and resources of over INR 1000 Crore towards a common goal of recycling all packaging material by 2025 Plans to have a network of 125 material recovery facilities across the country which will work with over 2500 aggregators over the next 3 years Will ensure that no recyclable packaging material ends up in landfills by 2025 New Delhi, 19 September 2019: To address the growing concern of plastic waste in India, 31 leading companies in the industry have joined forces to jointly launch Asia’s largest, first-of-its-kind, producer led and owned venture for creating a formal plastic circular economy in the country. Together, the participating companies will mobilize and converge assets, resources, and investment upwards of INR 1000 Crore. Ahmed ElSheikh, President PepsiCo India, T. Krishnakumar, President Coca-Cola India and South West Asia and Angelo George, CEO Bisleri launched the new producer led venture “Karo S...