"The circular economy will increasingly develop into a critical part of the plastic value chain in India, requiring solutions across the value chain to develop a sustainable world of plastic recycling," says Rahul V. Podaar, managing director, Shakti Plastic Industries. "As we move towards becoming a value player in the circular economy, we will continue to seek opportunities for future growth. Together with LyondellBasell, we will be at the forefront in India taking significant steps to recycle rigid plastic waste, which supports the government initiative to reuse recycled plastic in packaging applications."