NEW DELHI – Environmental non-profit Canopy has called for $15 billion worth of investment in India’s next-generation materials sector, arguing the country has the potential to transform 100 million tonnes of agricultural residues and two million tonnes of polyester-cotton textile waste into viscose, packaging and other materials.
Canopy has set a goal to catalyse 60 million tonnes of next gen pulp, paper and textiles globally over the next decade. To achieve this, the organisation estimates that $78 billion in capital will be required to support innovation and the development of advanced textile recycling facilities and ag-fibre pulp and paper lines.
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