Hit by ban, plastic industry launches fund to streamline recycling

All India Plastics Manufacturers' Association claims job losses of around 50,000 due to the ban on plastics

Faced with the ban on single-use polyethylene, plastic manufacturers have set up a “fund” with an initial corpus of Rs 1 million to do a viability gap funding and get low-value waste cleared from streets for recycling.

“The aim of this fund is to demonstrate the government about the possibility of recycling. Plastic manufacturers have been a victim of wrong policy due to the negligence being committed by consumers. This fund would be utilized to incentivize rag-pickers for collection of plastic and transport it to the recycling centres,” said Hiten Bheda, President of All India Plastics Manufacturers’ Association (AIPMA).

Plastic manufacturers in