Try GOLD - Free
Plastic bottle makers’ ₹10,000 cr recycling bet runs into policy risk
Mint Hyderabad
|February 24, 2026
India’s plastic bottles industry faces a ₹10,000 crore quan- dary: investments in a cost- lier, recyclable, food-grade material risk turning dud as regulatory uncertainty has slowed adoption by beverage makers.
India's PET consumption is at 1.2-1.4 million tonnes a year.
(REUTER)
India drafted rules in February 2022 to make it mandatory for beverage-grade bottles to contain at least 30% recycled polyethylene terephthalate (r-PET).
It’s a kind of material that can be fully recycled. The new Plastic Waste Management Rules were scheduled to roll out from 1 April last year, and the industry was given three years to prepare for the transition.
In anticipation of the enforcement, bottle makers invested in setting up r-PET capacity. However, the environment ministry's draft notification in June 2025 proposed relaxing the norms, allowing beverage companies to carry forward any shortfall in meeting recycled plastic usage targets in 2025-26 for up to 3 years, starting 2026-27.
This story is from the February 24, 2026 edition of Mint Hyderabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Hyderabad
Mint Hyderabad
Silver up ₹5,000, gold ₹2,300 as dollar dips
Silver prices jumped ₹5,000 to ₹2.42 lakh per kilogramme in the national capital on Monday, while gold advanced to ₹1.53 lakh per 10 grams due to easing crude oil rates and a weak US dollar.
1 min
April 07, 2026
Mint Hyderabad
WHY IPOS NO LONGER FEEL LIKE EASY WINS
The era of easy gains from initial public offerings appears to be nearing its end
7 mins
April 07, 2026
Mint Hyderabad
India's services sector slows as Iran war dents demand
Softer increases in sales were noted in three of the four broad areas of the service economy
2 mins
April 07, 2026
Mint Hyderabad
Sebi eyes initiative to bolster board independence
India’s market regulator is working on a collaborative framework with corporates, academia and professional bodies to expand the pipeline and effectiveness of independent directors, even as recent boardroom tensions at HDFC Bank sharpenscrutiny on governance standards.
1 mins
April 07, 2026
Mint Hyderabad
GCPL sees hit if oil prices remain high
Godrej Consumer Products Ltd (GCPL) said on Monday it expects costs to rise 6% to 9% if Brent crude holds at $100 to $110 a barrel and palm oil prices hover between 4,500 and 4,800 Malaysian ringgit a metric tonne.
1 min
April 07, 2026
Mint Hyderabad
Amfi backs intraday loans as Sebi defers rules
India’s mutual fund body has asked the market regulator to allow fund houses to use intraday borrowings from banks to purchase securities after it deferred implementa tion of the new norms to July, according to two people aware of the development.
1 min
April 07, 2026
Mint Hyderabad
Dealers flag delays in automobile deliveries
The Federation of Automobile Dealers Associations (Fada) on Monday flagged delays in vehicle deliveries from automakers across the commercial, passenger and two-wheeler segmentsthe first sign of supply disruption in India's auto industry due to the US-Iran war.
1 min
April 07, 2026
Mint Hyderabad
Indices rebound as crude oil softens
Benchmark indices Sensex and Nifty staged a sharp rebound on Monday after falling in early trade following a correction in crude oil prices amid reports of ceasefire efforts in the West Asia war.
1 min
April 07, 2026
Mint Hyderabad
Jamie Dimon warns of higher inflation, interest rates from Iran war
JPMorgan Chase Chief Executive Jamie Dimon warned that the war in Iran could push up inflation and drag down financial markets even further if interest rates start to rise.
2 mins
April 07, 2026
Mint Hyderabad
Samsung to Xiaomi raise smartphone prices by up to 40%
The West Asia war and a memory chip scarcity have finally spilled over into smartphone prices, with leading smartphone makers raising prices by as much as 40%.
1 min
April 07, 2026
Listen
Translate
Change font size