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Delay in granting of FSSAI licences lands Indian recycled PET manufacturers in soup
The Statesman Siliguri
|June 04, 2025
It's a clear case of one government body standing in the way of proper implementation of another government wing's vision and strategy!
The recycled PET manufacturers across the country are in a soup. Close to 50 per cent of the new investment in this sector has been funded through bank debt. And now delay in commencing commercial production (for no fault of their own) has landed them in huge trouble in servicing this debt. Strangely, the problem began with the delay in granting licences by FSSAI.
The delay in granting of licences by FSSAI, to the factories set up by recycled PET manufacturers is likely to push a majority of these companies into bankruptcy. That's what the Association of PET Recyclers (Bharat) — APR Bharat, has brought to light.
Diese Geschichte stammt aus der June 04, 2025-Ausgabe von The Statesman Siliguri.
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