![PLANET VS PLASTIC OR PLASTIC VS SUBSTITUTES? PLANET VS PLASTIC OR PLASTIC VS SUBSTITUTES?](https://cdn.magzter.com/Outlook Business/1714641695/articles/Vb-gHnO411714651415452/PLANET-VS-PLASTIC-OR-PLASTIC-VS-SUBSTITUTES.jpg)
The Indian plastics industry is worth around Rs 5.1 lakh crore ($73 billion), according to NITI Aayog’s report Alternative Products and Technologies to Plastics and Their Applications. Plastic pollution causes concern among environmentalists and citizens because it is no secret that plastic products are responsible for environmental degradation.
However, in an era of concerns about climate change, many stakeholders in the plastic segment and independent experts believe that the world needs to revisit the debate around the environmental impact of plastic. The theme of Earth Day 2024, which falls on April 22 every year, has added fuel to this debate, given that its Planet vs Plastic focus this year has an unambiguous goal. Its organisers say, “EARTHDAY. ORG is unwavering in our commitment to end plastics for the sake of human and planetary health, demanding a 60% reduction in the production of all plastics by 2040.”
The Earth Day website is full of data points and slogans that make plastic a definite villain. It pits activists, youth, educators, athletes, artists, scientists, non profits and scores of other social categories against plastic stakeholders.
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Scale Stimulus
For technology start-ups, growth funding serves as the catalyst to scale, innovate, expand into new markets and make critical hires. New capital brings strategic value through investor expertise and industry network, customer introductions, helps maintain operational efficiency and mitigate cashflow challenges.The landscape of venture and growth financings in India has undergone a major shift since the pre-Covid era. The pandemic gave rise to a low-interest rate environment which saw an unprecedented inflow of capital into Indian start-ups with a very strong focus on high growth, often at the cost of high burn. Post-pandemic, the environment has seen a significant shift in focus towards sustainable growth, profitability and efficient unit economics.
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The Best Valuation Need Not Be the Highest
Info Edge founder and veteran start-up investor Sanjeev Bikhchandani talks to Deepsekhar Choudhury about high valuations and corporate governance in start-ups. Edited excerpts
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GCCS Shaping Start-Ups
The remarkable journey of global capability centres (GCCs) in India continues to set new benchmarks, enriching the nation's economic narrative.
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Evaluating start-ups is more than number crunching. While some factors are quantifiable, many are more nuanced. Here's a sneak peek inside the war room from where the rankings emerged
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Start-Ups have Generated 17.28 Lakh Direct Jobs
Amardeep Singh Bhatia, secretary, department for promotion of industry and internal trade (DPIIT) tells Pushpita Dey about the government's various schemes to give start-ups a leg up.
![On the Road Less Travelled On the Road Less Travelled](https://reseuro.magzter.com/100x125/articles/259/1982381/Ef-9lzD8g1738587525750/ON-THE-ROAD-LESS-TRAVELLED.jpg)
On the Road Less Travelled
Our entrepreneurial journey as the founders of the CarDekho group proves the fact that ambition and ingenuity can flourish in the most unexpected places.
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Being Local Matters
India's rapidly evolving consumer market, backed by a young, progressive population and a flourishing middle class, is a landscape of opportunity and complex challenges.
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CELEBRATING EXCELLENCE: OUTLOOK BUSINESS SPOTLIGHT - ACHIEVERS AWARDS 2024
Recognizing Visionaries Who Inspire Growth, Innovation, and Progress
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Zerodha founder and chief executive Nithin Kamath tells Deepsekhar Choudhury that the philosophy of a company is what sets it apart and makes it special. Edited excerpts
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Time to Go Global
India's defence and space start-up ecosystems have witnessed exponential growth in recent years, with over 1,000 defence and 250 space start-ups driving deep-tech innovation. Government initiatives such as Innovations for Defence Excellence (iDEX), positive indigenisation lists and allocation of 75% of the defence capital budget for domestic procurement, along with support from Indian National Space Promotion and Authorisation Centre (InSpace), have created vast opportunities.