Dr Jitendra approves StartUp loan for ‘compostable’ plastic

Union Minister Dr Jitendra Singh during signing of StartUp MoU betweenTechnology Development Board (TDB) and  M/s TGP Bioplastics Private Limited at  CSIR Science Centre, New Delhi on Tuesday. 
Union Minister Dr Jitendra Singh during signing of StartUp MoU betweenTechnology Development Board (TDB) and  M/s TGP Bioplastics Private Limited at  CSIR Science Centre, New Delhi on Tuesday. 

Excelsior Correspondent

NEW DELHI, Aug 16 : Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh today approved StartUp loan of Rs 1.15 crores to M/s TGP Bioplastics for manufacturing and commercialising ”compostable” plastic and thus also mitigate the usage of Single Use Plastics (SUP).
An MoU was signed between Technology Development Board, a statutory body under Department of Science & Technology and M/s TGP Bioplastics Private Limited, Satara, Maharashtra for manufacturing & commercialization of compostable plastic.
Dr Jitendra was apprised that the StartUp has come up with an alternative solution of Single Use Plastic (SUP) with the prototype of a compostable plastic material which breaks down as a compost in soil without affecting the environment. This unique project has received seed funding under NIDHI Prayas(DST), Niti Aayog and UNIDO for the prototype development.
Dr Jitendra Singh said, in lines with the clarion call given by Prime Minister Narendra Modi to phase out single use plastic items, India had banned manufacturing, importing, stocking, distribution, sale and use of identified single use plastic items, which have low utility and high littering potential, all across the country on July 1, 2022. The Minister said, the concept of compostable plastic will be scaled up with further government support for driving global action on plastic pollution.
Dr Jitendra Singh also informed that manufacturing & commercialization of compostable plastic by the TGP Bioplastics also gels well with the ongoing countrywide Coastal Clean Up Campaign launched by the Ministry of Earth Sciences from 5th July, 2022. He said, 75 days long campaign was launched to raise awareness about “Swachh Sagar, Surakshit Sagar” and will culminate on “International Coastal Clean-up Day” on 17th September 2022, when 75,000 people, students, civil society members and environment activists among others will be mobilized to achieve the target to remove 1,500 ton of garbage, mainly single use plastic from the sea coasts.
Dr Jitendra Singh said, the adverse impacts of littered single use plastic (SUP) items are globally recognized and the Government of India is taking resolute steps for mitigating pollution caused by littered Single Use Plastics. He said, even during the 5th session of United Nations Environment Assembly in March 2022, India engaged constructively with all member states to develop consensus on the resolution for driving global action on plastic pollution. The Government of India through the Central Pollution Control Board has been taking measures for awareness generation towards the pressing need of elimination of SUP and brought together entrepreneurs (startups, MSMEs, other industries), Central, State and Local Governments, regulatory bodies, citizens, R&D and academic institutions.
Rajesh Kumar Pathak, IP&TAFS, Secretary, TDB said that, “The Prime Minister has emphasised that plastic being non-bio-degradable, threatens to become a menace to humanity and is already having a deadly impact on our terrestrial, marine and aquatic ecosystem. Therefore, the idea to manufacture ‘Degradable Compostable Plastic’ is the ‘need of the hour’ technology. With TDB supporting M/s TGP Bioplastics, India is one step closer to provide indigenous alternate solution to ‘SUP’ and achieve India’s commitment of ‘Single Use Plastic Free’ nation.”