He has more than 34 years of industry experience, spanning various aspects of packaging technology from pre-press to high-end conversion to designing flexible packaging materials for circularity. In this interview with Saurabh Kumar, he emphasises the importance of building a circular packaging economy
UFlex is a pioneer in plastic circularity. How has the sustainable packaging ecosystem evolved in India and globally over the decades?
Sustainability is not just a talking point in packaging anymore, but it has become an essential part of the industry DNA. For years, the packaging industry has led innovation, developing more sustainable materials and technologies for effectively recycling difficult-torecycle plastics.
How enabling are the policies and laws?
There are regulations in place in most countries to address the issue. In India, we are in the middle of implementing Extended Producer Responsibility (EPR) based on a cardinal principle: every polluter must collect waste. This covers producers, importers, brand owners of plastic packaging material, and plastic waste processors.
This mechanism is centralised via a portal where inputs and outputs are balanced, similar to GST. It's an effective system that prevents potential tampering or deception. This well-designed EPR obligates all stakeholders to reuse, recycle, reduce the use of virgin material, and provide end-of-life to balance material. In India, we have gone beyond discussing the removal of plastic waste from the environment to defining mechanisms for addressing the collected waste and outlining the associated obligations. It is also an economic model, which promotes the development of recycling infrastructure and rewards recyclers by awarding them tradable certificates. Being market-driven, it speeds up policy implementation.
Bu hikaye Outlook Business dergisinin February 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Outlook Business dergisinin February 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
The New Imperialism
The EU has approved a new environmental regulation that will impact global value chains. Small businesses will have to bear the brunt
VISION FOR THE INDIA OF 2047
In India@100, Krishnamurthy Subramanian argues that India can be a 55trn economy by 2047 if it doubles down on the economic policies implemented in the last decade to grow at 8% annually. Although middle-income trap has plagued many developing countries in the past, he is convinced that India is well-equipped to avoid obstacles in its growth odyssey
BUSINESS MINT: CELEBRATING EXCELLENCE, ONE AWARD AT A TIME
Ensuring that Firms and Entrepreneurs Receive the Recognition they Deserve since 2018
DR. PAVANI KADIYALA: DRIVING INNOVATION AND TECHNOLOGICAL ADVANCEMENT IN EMERGING INDUSTRIES
Celebrating Dr. Pavani Kadiyala's Accolades and Contributions to Emerging Technologies
INSPIRING EXCELLENCE: THE JOURNEY OF NALANDA EDUCATIONAL INSTITUTIONS:
Honoring the Vision of Sri Manthena Suryanarayana Raju Through Innovation and Holistic Development
THE RISE OF VARUN REALTORS
Leading the Charge: Varun Kaliga Named Emerging Real Estate Influencer of the Year for Innovative Impact
R.C. RATUL: BRIDGING THE WORLDS OF ENTERTAINMENT AND REAL ESTATE
The Visionary Behind the Convergence of Entertainment and Real Estate
CYBERABAD BUILDERS ASSOCIATION: LEADING THE CHARGE IN SHAPING
Recognized as the Emerging Builders Association of the Year 2024,’ CBA is setting new benchmarks in real estate and construction excellence in the heart of Hyderabad.
FROM PAPERBOY TO POWERHOUSE: THE INSPIRATIONAL JOURNEY OF VENU KALYAN
Celebrated with the Most Admired Real Estate Sales Coach of the Year 2024’ Award for Transformative Impact and Innovative Coaching
OUTLINE MEDIA: SHAPING TOMORROW'S BRANDING AND ADVERTISING TODAY
Redefining Branding and Advertising