Diversified entity Ltd on Thursday stated it has collaborated with Make investments India, a non-profit enterprise by the central authorities for nationwide funding promotion and facilitation, to crowdsource modern concepts for single-use plastic substitution and automate waste segregation. Underneath the collaboration, ITC Paperboards and Specialty Papers Division (PSPD) has launched the ITC Sustainability Innovation Problem, which might assist modern startup concepts on sustainable packaging and good waste administration options, the corporate stated in an announcement.

As a part of the initiative, by way of the Startup India portal, ITC PSPD is inviting responses from startups in direction of challenges laid out by the corporate to seek out sustainable and good technology-based options that may substitute single-use plastics and automate waste segregation course of with good technology-based options to enhance effectivity and pace.

ITC PSPD CEO Vadiraj Kulkarni stated the disposal of plastic and non-biodegradable waste continues to pose the largest problem in stable waste administration in India. The issue is additional aggravated resulting from inefficient segregation of post-consumer waste on the supply, which results in quite a lot of waste ending up in landfills which can be extremely polluting.

“We, at ITC, consider that companies, each huge and small, with their immense managerial and modern capability, can come collectively to contribute considerably in direction of discovering modern and sustainable packaging and waste administration options, resulting in transformative adjustments within the society,” Kulkarni added.

Make investments India Managing Director and CEO Deepak Bagla stated, “We sit up for accelerating efforts in direction of a extra sustainable financial progress by way of the ITC Progressive Sustainability Problem. Progressive startups will be capable of showcase Made-in-India options that propel India in direction of a round financial system”.

ITC stated for sustainable packaging it’s inviting concepts to switch plastic-based merchandise with compostable meals supply options, utilizing molded fibre packaging primarily based on wooden fibre, agri-waste and many others. It’s also searching for options below recyclable and/or compostable barrier coatings for the papers and paperboards class.

As for waste segregation, assortment, and dealing with, the main focus is on modern and technology-based options for managing family and municipal waste primarily based on completely different materials varieties, corresponding to paper, metallic, glass and inflexible plastic.

“The concepts should embrace an efficient income mannequin for the waste administration ecosystem and result in important incremental advantages over prevailing strategies as the specified final result from the options,” it added.