Jaipur, Mar 5 (KNN) Union Minister for Forest, Environment, and Climate Change Bhupender Yadav on Tuesday highlighted India’s vast potential in the circular economy sector, estimating it could create a market worth over USD 2 trillion and generate nearly 10 million jobs by 2050.
Speaking at the 12th Regional 3R and Circular Economy Forum for the India and Pacific region in Jaipur, Yadav emphasised the global impact of the circular economy.
“On a global scale, the circular economy could contribute an additional USD 4.5 trillion to the economy by 2030,” he noted.
The circular economy model, which focuses on reusing, recycling, and reducing waste, is set to bring a transformative shift in global trade, replacing the traditional “take, make, waste” approach.
Yadav stressed that this transition is critical for sustainable development, economic growth, and environmental conservation.
The minister reiterated India’s commitment to promoting circular economy principles through policy reforms, investments in sustainable technologies, and industry collaborations.
The initiative is expected to boost various sectors, including manufacturing, waste management, and renewable energy, paving the way for a greener and more resilient economy.
The forum in Jaipur brought together policymakers, industry leaders, and environmental experts to discuss strategies for accelerating circular economy adoption across the India-Pacific region.
(KNN Bureau)
