India’s Sustainability Push Gets a Boost: Masood Mallick, MD & CEO Re Sustainability Limited
Masood Mallick, Managing Director & CEO of Re Sustainability Limited (ReSL), has welcomed the government’s initiatives to support sustainability and circularity in India. The latest budget outlines several key measures to accelerate the country’s transition to a more circular economy.
According to Mallick, the removal of custom duty on waste and scrap from critical minerals such as Antimony, Beryllium, Cobalt, and Lithium-Ion batteries is a significant step towards boosting recycling and promoting the use of circular minerals in manufacturing.
Other notable initiatives include the allocation of funds to strengthen domestic manufacturing of clean technologies like solar PV cells, EV batteries, and wind turbines. This move is expected to enhance India’s renewable energy infrastructure.
The government has also launched the ₹1 lakh crore Urban Challenge Fund, which focuses on sustainable urban development, addressing water management, sanitation, and city redevelopment.
Furthermore, India’s commitment to developing 100 GW of nuclear energy by 2047 is seen as a crucial step towards achieving long-term sustainability and furthering the country’s energy transition strategy.
Mallick believes that these measures have the potential to significantly accelerate India’s sustainability and circular economy journey, aligning with the country’s vision of a Viksit Bharat by 2047.
