Ganesha Ecosphere Invests In RACE Eco Chain To Transform Waste Management
Ganesha Ecosphere Ltd, India’s largest PET waste recycler, has announced a pivotal move by entering into a strategic equity investment with RACE Eco Chain Ltd. This partnership aims to reshape India’s waste management supply chain landscape significantly.
The collaboration between Ganesha Ecosphere and RACE Eco Chain holds substantial promise to organize and streamline the currently fragmented plastic waste supply chain in India. By leveraging the combined expertise of both companies, the initiative aims to meet the sustainability demands of brand owners effectively.
“In our efforts to organize the unorganized plastic waste supply chain, we are pleased to forge this strategic partnership with RACE Eco Chain,” stated a spokesperson from Ganesha Ecosphere Ltd. “This collaboration not only addresses the critical sustainability gaps prevalent in the industry but also positions us at the forefront of the evolving waste management sector.”
The investment comes at a pivotal time, with regulatory requirements such as Extended Producer Responsibility (EPR) targets and SEBI’s stringent ESG-based norms influencing value chain players. These factors underscore the urgency for a structured and sustainable approach to waste management.
Ganesha Ecosphere’s strategic investment in RACE Eco Chain is expected to catalyze operational enhancements and drive structural improvements in the company’s performance. This move reinforces their commitment to advancing sustainable practices and meeting regulatory mandates effectively.
