India’s ₹10,000 crore recycled plastic bet hits policy roadblock

India's ambitious initiative to mandate a minimum of 30% recyclable PET in plastic bottles by April last year has encountered significant policy roadblocks. Despite substantial investments from companies to enhance their recycling capacities, the government's failure to issue the final notification has created an atmosphere of uncertainty. Recent indications from the government suggest a potential relaxation of these rules, further complicating the situation for businesses already navigating the initial requirements. This delay has adversely affected demand for recycled plastic, as stakeholders await clarity on the regulatory framework. The situation underscores the challenges faced by the recycling industry in India, which is crucial for addressing environmental concerns related to plastic waste. As companies strive to adapt to evolving policies, the need for a stable and clear regulatory environment becomes increasingly critical to foster growth and sustainability in the sector.