The Indian economy is at a critical stage of its journey – a stage that is characterized by rising demand-supply constraints, fast-changing consumer preferences, and increasing stakeholder scrutiny. Circular Economy, in such a scenario, through its innovative business models, serves as an alternative to the traditional linear economy (take, make, dispose) in which the resources are kept in use for as long as possible, extracting maximum value from them whilst in use and then recover, regenerate products & materials at end of each service life.
FICCI in the year 2017 contemplated the idea of constituting a platform – the Circular Economy Symposium (CES) with an objective to mainstream discussion and action on Circular Economy. The 2018 edition of the Symposium was attended by over 200 delegates from industry (including startups), government, civil society and academia and witnessed the release of a theme paper on “Accelerating India’s Circular Economy Shift”. The report highlights that Circular business growth models could spell gains of up to US $697 bn in India by 2030. It gives a deep insight into how Circular Economy models can radically help Indian businesses in creating Sustainable Value.
The third edition of the Symposium is scheduled on 17-18 June 2019. This edition will also witness the Awards ceremony for the first India Circular Economy Awards.
Website: Circular Economy Symposium (CES)