Companies launch more than Rs 1,000-crore plastic waste management drive

Led by top beverage makers - PepsiCo Holdings, Coca-Cola India, and Bisleri International - the programme is a producer-led-and-owned plastic waste management venture, a first of its kind

Coca-Cola
Arnab Dutta New Delhi
2 min read Last Updated : Sep 19 2019 | 9:28 PM IST
Days after the government announced a ban on a slew of polluting items, leading manufacturers from several industries like fast-moving consumer goods, apparels and liquor have come together to launch a plastic waste management programme that they claim will be the largest in the continent. 

Led by top beverage makers — PepsiCo Holdings, Coca-Cola India, and Bisleri International — the programme is a producer-led-and-owned plastic waste management venture, a first of its kind.

Several other companies like Reliance Industries, Diageo, Parle Agro, Varun Beverages and CavinKare, etc. have also committed to join in, taking the total number of firms to 32.

Manufacturers said the participating companies would mobilise and converge assets, resources, and investment of more than Rs 1,000 crore. They plan to have a network of 125 material recovery facilities in the country, which will work with over 2,500 aggregators over the next three years. By 2025, they aim to recycle all recyclable plastic in the country.

According to Vimal Kedia, president, Packaging Association for Clean Environment (PACE), an industry body, the venture is aimed at bringing together 60 per cent of the plastic value chain in the country. 

The initiative comes after a country-wide ban was announced on a dozen items like straws, small cutlery, plastic sticks used for ear buds, balloons, flags and candies, thin carry bags (less than 50 microns), and non-woven carry bags. However, no ban has been proposed yet on PET bottles larger than 200ml, that are used by beverage majors extensively.

Plastic bottles, less than or equal to 200 ml, are often used in hotels, airlines and banquet halls. The beverages industry is planning to request the Central Pollution Control Board to exclude plastic bottles, irrespective of size, from the list.

Prime Minister Narendra Modi, in his Independence Day speech, had announced his government’s intention to ban single-use plastic. The new initiative by the leading manufacturers of consumer goods is in line with their stated vision of recycling plastic waste, instead of use of any alternate material for packaging. 

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Reliance IndustriesPepsiCoplastic waste rulesPlastic waste managementCoca-Cola Indiaplastic waste

Next Story