Page 37 - Plastics News August 2024
P. 37
ENVIRONMENT NEWS
Metal recycling firms' shares surge after new
Budget measures
etal recycling firms in India saw signifi- In the Union Budget speech on June 23, Finance
cant gains following the announcement Minister Nirmala Sitharaman introduced the Criti-
Mof new recycling measures for critical cal Mineral Mission, aimed at domestic explo-
minerals in the latest Union Budget. Gravita In- ration, mineral recycling, and the overseas ac-
dia surged 20%, reaching its highest level since quisition of critical mineral assets. This mission
November 2010, while Urban Enviro Waste Man- will focus on technology upgrades, developing
a skilled workforce, implementing an extended
producer responsibility framework, and provid-
ing suitable financing.
The Economic Survey 2023-24, released on
July 22, highlighted the challenges posed by the
geographic concentration and trade restrictions
on critical and rare earth minerals, emphasizing
their importance for India's renewable energy
and EV goals.
Source: - Interesting Engineering
agement rose 5%, and Antony Waste Handling
and Eco Recycling each increased by 2.5%.
GDA bans use of plastic bottles in Gulmarg
he Gulmarg Development Authority maintain a clean and plastic-free environment in
(GDA) has instructed hoteliers to stop us- Gulmarg. The move to enforce a complete ban
Ting plastic water bottles within their ho- on plastic is part of broader measures to protect
tels and switch to glass bottles, aiming to make the area's natural beauty and ensure sustainable
the tourist resort plastic-free. The Chief Execu- tourism practices.
tive Officer of the GDA praised the hotels in this Source: - Daily Excelsior
direction for their prior green initiatives, which
included eco-tourism conclaves and anti-poly-
thene drives. As Gulmarg is known to be an envi-
ronmentally sensitive place, the GDA underlined
how important it is to finish this shift shift within
a month in order to help maintain its unspoiled
beauty.
The GDA highlighted the collaborative efforts
with the local municipality and stakeholders to
August 2024 PLASTICS NEWS 37
