Karnataka appeals for more investments in waste to energy sector

Bengaluru, Dec 15 : Karnataka Deputy Chief Minister C.N. Ashwatha Narayana on Tuesday appealed to innovators and entrepreneurs to come out with new concepts to encash the Indian waste administration trade which is projected to supply a enterprise alternative of about Rs 1.10 lakh crore ($14 billion) by 2025.

Participating nearly in the occasion ‘Waste Management Innovation Programme Challenge’, an initiative by Social Alpha and H&M Foundation with an goal to add the much-needed impetus to speed up the waste-to-wealth course of and to deal with this urgent situation right here, Narayana stated that improvements equivalent to waste to energy applied sciences, integration of IoT, functions of robotics, biotechnological interventions, composting items geared up with photo voltaic panels and information analytics can realistically assist the waste administration trade with economically possible sustainable fashions.

Pointing out the Karnataka State Urban Solid Waste Management (SWM) Policy 2020 and the Urban Solid Waste Management Strategy 2020, he knowledgeable that the Waste Innovations Accelerator, which is a first-of-its-kind programme, is not going to solely allow entrepreneurs to construct options to deal with the problem of waste administration, but in addition improve the position of the casual sector in the waste administration worth chain.

“Prime Minister Narendra Modi has repeatedly laid stress on efficient waste management. As the Prime Minister has emphasised, we have to follow the mantra of three Rs – Reduce, Reuse and Recycle,” he stated.

He added that by way of this problem, 5 winners can be chosen for the Social Alpha and H&M Waste Innovations Accelerator, supporting the startups in their lab to market journey.

The Deputy CM stated {that a} good waste administration instance and position mannequin is the Scandinavian nation of Sweden. “Late in 2016, the Scandinavian nation was facing a serious issue of garbage disposal. Thanks to an innovative waste-to-energy (WTE) programme, now Sweden is in a position where it is actually importing garbage from other nations and making a profit in the process,” he stated.

According to him, the necessity for technological progress in this sector is quick provided that India generates 277.1 million tonnes of waste yearly. “Out of this, plastic accounts for nearly 15,000 tonnes, and more than 40 per cent of this remains unrecycled. Waste management is a sector that can benefit immensely from innovative technologies,” he stated.

Narayana additionally stated that Karnataka has already taken important steps in this regard and has been on the forefront of tackling waste administration challenges.

Disclaimer: This story is auto-generated from IANS service.

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