Skip to content
Search AI Powered

Latest Stories

India to launch plastics pact as first Asian country

India to launch plastics pact as first Asian country

THE Confederation of Indian Industry (CII) has come together with the World-Wide Fund for Nature – India (WWF India) to develop the ‘India Plastic Pact’ -- a platform to promote a circular system for plastics. It was launched on Friday (3) by British High Commissioner to India Alexander Ellis in New Delhi.

“This will bring together prominent enterprises on a national level to make pledges toward the creation of a circular plastics system. The pact works to create a world where Plastic is respected and does not contaminate the environment,” WWF India said in a statement.


India produces 9.46 million tonnes of plastic waste in a year and 40 per cent of that is not collected. Almost half of all plastics made in the country are used in packaging, most of which is single use in nature.

Under the pact, plastic packaging will be kept in the economy and out of the natural environment. The statement spoke about 17 businesses including major FMCG brands, manufacturers, retailers and recyclers that have committed to the agreement as founding members while nine have joined as supporting bodies.

“The pact envisions a world where plastic is valued and does not pollute the environment,” the CII said in a media release, adding, “At the core of all Plastics Pacts lie four ambitious, time-bound targets for reducing, innovating and re-imagining plastic packaging.”

The India Plastics Pact has certain targets that are to be met by 2030 and they include: defining a list of unnecessary or problematic plastic packaging and items and taking measures to address them through redesign and innovation, ensuring 100 per cent of plastic packaging as reusable or recyclable, effectively recycling 50 per cent of plastic packaging and achieving 25 per cent average recycled content across all plastic packaging.

The CII statement said that the pact is backed by UK Research & Innovation (UKRI) and WRAP, a global non-governmental organisation based in the UK. WRAP gives operational and technical support to plastics pacts in Europe, Australia, Africa and the Americans and fully backs the pact in India.

Ellis said on the occasion, “An initiative to reduce plastic waste in India has been launched by Prime Ministers Boris Johnson and Narendra Modi. The UK is proud to be India’s biggest European research partner, with £400 million of joint investment since 2008. It will complement India’s other bold initiatives in the renewables sector and efforts to limit single-use plastics.”

Arvind Wable, president, WWF India, said the pact gives Indian businesses a strong platform to drive actionable, sustainable solutions and quicken the transition toward a circular economy.

Former CII president Jamshyd N Godrej said, “Innovation, collaboration and voluntary commitments contextualised for India and led by Indian companies will help the transition to a circular economy for plastics. The Plastics Pact model offers this solution. While this pact is already active in a number of other countries, I commend CII and WWF India for bringing this initiative to India.”

Marcus Gover, WRAP CEO, said the pact aims to transform the use of plastics across India, just as the way it has in the UK, Europe, the US, Canada, South Africa and Chile.

More For You

Essar-Oil-UK-Getty

Essar Oil UK is advancing decarbonization at its Stanlow Refinery with two key projects supported by Industrial Energy Transformation Fund (IETF) grants. (Photo: Getty Images)

Essar, 24 other firms get £51.9m to cut industrial carbon emissions

THE GOVERNMENT has allocated £51.9 million to support 25 businesses in reducing carbon emissions as part of the Plan for Change aimed at driving economic growth and rebuilding Britain.

The funding covers projects across various industries, including food manufacturing, cement production, and glass processing.
Companies receiving funding include Essar Oil UK, Nestlé's coffee processing site in Staffordshire, Heinz's baked bean factory in Wigan, and Hanson Cement in North Wales.

Keep ReadingShow less
Tesla-Getty

Tesla has faced challenges in 2024, reporting its first annual decline in deliveries as incentives failed to increase demand for its ageing vehicle lineup. (Photo: Getty Images)

Tesla received nearly £200m in UK government grants since 2016: Report

ELON MUSK’s electric vehicle company Tesla has received £191 million in grants from the UK government since 2016, according to an analysis by Tussell.

The majority of the funding, £188m, was provided by the Department for Transport (DfT) through the plug-in car grant scheme, which aimed to promote the adoption of electric and plug-in hybrid vehicles, The Guardian reported.

Keep ReadingShow less
CES-2025

CES 2025, organised by the Consumer Technology Association (CTA), will be held from 7 to 10 January.

Indian tech innovations to shine at CES 2025, says top executive

THE INDIAN technology sector continues to capture attention, with several startups and entrepreneurs showcasing their innovations at CES 2025, the world's largest tech event.

John Kelley, vice president and show director of CES, described the Indian tech story as “fascinating” and highlighted its growing global significance.

Keep ReadingShow less
Anil Agarwal acquires London's historic Riverside Studios

Anil Agarwal

Anil Agarwal acquires London's historic Riverside Studios

THE founder and chairman of Vedanta group Anil Agarwal is the new owner of the iconic Riverside Studio in London, a statement said on Wednesday (8).

The 100-year-old studio, which is a renowned global centre for arts and located on the north bank of the river Thames in the centre of London, will now operate under the name ‘Anil Agarwal Riverside Studios Trust’, it informed.

Keep ReadingShow less
india-gdp-iStock

India's GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24. )Representational image: iStock)

India's GDP growth projected to fall to 6.4 per cent in FY25

INDIA's gross domestic product (GDP) growth is projected to decline to 6.4 per cent in the financial year 2024-25, marking its lowest rate in four years, according to government data released on Tuesday. The slowdown is attributed to weaker performance in the manufacturing and services sectors.

The growth rate of 6.4 per cent, estimated by the national statistics office (NSO), is the lowest since the contraction of 5.8 per cent recorded during the Covid-19 pandemic in 2020-21. GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24.

Keep ReadingShow less