The MVIRDC World Trade Centre Mumbai has entered into a strategic alliance with Bengaluru-based International Institute of Waste Management (IIWM). The collaboration is meant to support and promote sustainability concepts in bilateral trade, investments, technology transfers, joint venture and other forms of business collaboration.
A Memorandum of Understanding (MoU) was signed between the two organisations that will facilitate exchange of business proposals related to waste management and circular economy concepts.
Speaking about the development RupaNaik, Executive Director, MVIRDC, said, “We have signed this MoU with a vision to conduct trade events and educational programs on emerging business opportunities for MSMEs, startups and women entrepreneurs in waste management and circular economy. India has an immense opportunity to be a leading player in production and export of eco-friendly goods made from recycled or reused material”.
P Bineesha, Executive Director, International Institute of Waste Management said, “We have realized that sustainability and waste management are no longer local but global in nature. In this era of climate change and global alliances such as COP, our battle to protect the environment cannot be complete without involving trade and industry across borders.”
According to a report by NITI Aayog in 2021, India generates 55 million tons of municipal solid waste (MSW)annually and this is expected to grow by 165 million tons by 2030.
