India’s next phase of plastic recycling will shift from volume-driven output to food-contact-compliant, global-standard polymers: Ravindra P V, Srichakra Polyplast

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India already processes nearly 60% of its plastic waste, well above the global average, says Ravindra Venkata Paruchuri, Co-founder and Managing Director of Srichakra Polyplast, a Hyderabad-based recycler founded in 2010. In an interaction with The Economic Times Digital, Paruchuri says that the next phase is not about volumes alone but about producing high-quality, food-contact-compliant recycled polymers that meet global standards.

Building on this momentum, the company is targeting Rs 1,000 crore in revenue by FY27, supported by capacity expansion…



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India’s next phase of plastic recycling will shift from volume-driven output to food-contact-compliant, global-standard polymers: Ravindra P V, Srichakra Polyplast


India already processes nearly 60% of its plastic waste, well above the global average, says Ravindra Venkata Paruchuri, Co-founder and Managing Director of Srichakra Polyplast, a Hyderabad-based recycler founded in 2010. In an interaction with The Economic Times Digital, Paruchuri says that the next phase is not about volumes alone but about producing high-quality, food-contact-compliant recycled polymers that meet global standards.

Building on this momentum, the company is targeting Rs 1,000 crore in revenue by FY27, supported by capacity expansion…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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