Circulate Capital, the Singapore-based investment management firm announced on Tuesday that the European Investment Bank (EIB) has committed up to $20 million for fighting plastic pollution
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The government's ban on single-use plastics, to be effective from July 1, will also impact the plastic straws that are packaged with small juice and milk beverage packs sold by food companies
India last week refused to waive an impending ban on straws that are packaged with small juice and milk beverage packs
Prime Minister Narendra Modi had vowed to take the Indian people along in a nationwide commitment to end the use of single use plastic
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It is reported that prior to the 2018 ban, 95 per cent of the European Union's and 70 per cent of the US's plastic waste collected for recycling was sold and shipped to China
The plastic ban in India, which had just started to take effect, has been substantially derailed given current needs and with enforcement systems looking the other way.
Governors in Massachusetts and Illinois have banned or strongly discouraged the use of reusable grocery bags
Plastic processors say that is much thicker than global standards
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India should develop cost-efficient solution, not only to address problems in India, but also across globe, says Modi
In his Independence Day speech, Prime Minister Narendra Modi had expressed his concern on single-use plastics
As per the decision, plastic manufacturers, wholesalers and small sellers who violate the law can be fined Rs 10,000 for the first time and Rs 25,000 for violating the law again
Intense competition in this highly fragmented industry is expected to put operating margins under pressure
In an industry known more for industrial violence and lockouts, the excitement is palpable at the surge in demand, after decades of stagnation, whether from the government or from global retailers
Not only a large number of single-use plastics will be prohibited to be used on board Indian ships but will also be banned in foreign ships when in Indian waters
Firm claims it is sourcing a range of food items and traditional handicrafts made in UP, apart from goods from Jaipur, Panipat, Sholapur and Ahmedabad
Unilever is tying up with plastic collectors and recyclers in all developed countries and in large developing markets like India