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British International Investment Commits Rs 205 Crore To Magpet Polymers

The Business Guardian

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October 25, 2024

Magpet Polymers Pvt. Ltd. (Magpet), India's first PET circular enterprise and a pioneer in sustainable plastic waste management, today, announced a strategic investment of INR 205 crore (USD 24 million) from British International Investment (BII), the UK Government's development finance institution and an impact investor.

- TBG NETWORK

Memorandum of Understanding was signed in this regard by both the organisations. The event was attended by Dr Rajesh Kumar, Principal Secretary, Department of Environment, Government of West Bengal & Member Secretary, West Bengal Pollution Control Board, Government of West Bengal; Dr Andrew Fleming, Deputy High Commissioner, British Deputy High Commission; Nikhil Chulani, Investment Director, British International Investment, United Kingdom; Arun Kor

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