NewzVille Desk
Union Minister of Science & Technology, Dr Jitendra Singh addressed the 2nd edition of the Global Symposium and Awards on Resource Efficiency and Circular Economy in New Delhi.
The event was also attended by representatives from government, industry, research institutions and international organisations, including delegates associated with European and German missions, along with key stakeholders from the Resource Efficiency and Circular Economy Industry Alliance.
Dr. Singh in his address, said that the world is witnessing a paradigm shift to “Circular Economy” and there is a decisive shift in economic thinking, where the idea of “waste” is rapidly disappearing and every discarded material is increasingly being seen as a source of economic value.
He cited the example of the government having earned more than Rs 4,000 cr simply from Scrap including E-Waste during the Swachhata campaign.
The Minister said, the emerging model of circular economy, backed by recycling and biotechnology-driven innovations, is set to redefine industrial growth and sustainability across sectors.
Dr. Jitendra Singh said that environmental discourse has evolved significantly over the years, from a focus on preservation to a recognition of its strong economic dimension. He said the growing realisation that sustainability can generate revenue has brought greater seriousness and wider participation to the movement.
The Minister said the next phase of industrial development will increasingly be driven by recycling, bio-technology and genetically oriented processes, adding that experts across the world are already viewing this transition as the foundation of the next industrial revolution.
