Parle Agro has announced that it would invest Rs 50 crore for plastic waste management.
The company, which manufactures beverage brands like Frooti and Appy, and packaged drinking water Bailey, is planning to achieve 100 per cent recycling of PET bottles by October.
The Rs 5,000 crore revenue company’s Managing Director Nadia Chauhan said the aim to have 100 per cent PET bottle requires an acceleration in ongoing environment and sustainability initiatives and doubling of investments.
She added: “We are committed to invest Rs 50 crore in the next three years towards this endeavour. Parle Agro has tied up with Indian Pollution Control Association to collect and recycle 100 per cent of its PET bottle waste.
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