Reliance Industries is launching a project to use plastics in road construction, amid growing concerns over pollution in the country of 1.3 billion whose major cities are often plagued with smog and litter.
India, which uses about 14 million tonnes of plastic annually, lacks an organised system for management of plastic waste, leading to widespread littering. Prime Minister Narendra Modi is urging India to end consumption of single-use plastics by 2022.
But Indians should focus on fighting pollution, not plastics, executives at Reliance, whose chairman is Asia’s richest man Mukesh Ambani, said during a launch event on Tuesday.
The company will seek to work with India’s highway authority and individual states to potentially supply a plastics-infused mix to make some of the thousands of kilometres of roads Modi wants to build to upgrade India’s creaking infrastructure.
Light plastics, the type used as carrying bags or snack wrappers, are typically not viable to recycle and so end up in landfills, street corners or oceans. Reliance wants to shred these plastics and mix them with bitumen, a formula the conglomerate says is cheaper and longer-lasting.
Shah was coy on details, saying Reliance had yet to work out the financial fine print in what he stressed would be a philanthropic endeavour.
Read EquityPandit’s Nifty Outlook for the Week
Signals, Powered By EquityPandit