Thursday, Mar 21 2019 | Time 18:08 Hrs(IST)
image
  • SSC exam papers leaked in Thane dist
  • 2 dead, 13 injured as fire erupts in building in S Pakistan
  • Eight Vietnamese students drown in river
  • Elaborate security arrangements by Delhi police to ensure safe Holi
  • Holi celebration with full enthusiasm in Bihar
  • Kalraj Mishra says he is not keen for electoral battle from Deoria
  • Four ministers among who file nominations
  • EC taking all steps to prevent MCC violation: Telangana Election CEO
  • Russian lower house speaker dismisses new Ukrainian sanctions
  • BJP releases 2nd list of candidates in Arunachal, 12 names for Sikkim assembly polls
  • INLD legislator Gangwa from Haryana joins BJP
  • UP BJP MLA was shot during Holi
  • Mt Everest: Melting glaciers expose dead bodies
  • No code violation in Rahul's inter-action with college students, but EC seeks 'further report' on contents of speech
  • Pending salary: Mill workers resort to novel agitation
Business Economy


Yash Papers launches new range of biodegradable & eco-friendly tableware range, invests Rs 60 cr to set up India's largest compostable tableware plant

Mumbai, Sep 22 (UNI) In a bid to promote the use of eco-friendly products in the food industry, paper-manufacturing company Yash Papers has launched its new range of compostable, biodegradable and
eco-friendly tableware range, called 'Chuk', made from sugarcane waste, bagasse.
Based out of Faizabad in Uttar Pradesh, Yash Papers is India’s largest modern agro residue-based paper brands which manufactures kraft packaging material to chains like McDonalds, KFC and Pizza Hut. Yash Papers has invested Rs 60 crore in setting up its new biodegradable plant, which has a state-of-the-art facility that
includes a production innovation centre.
The plant currently has a production capacity of 10 lakh units per day and the company plans to double the capacity every year for the next 3 years.
The company closed the financial year ended 2016-17 in consolidated revenue of Rs 183 crore and has aimed to receive at least 50 per cent f their revenue from the new bio-degradable segment in the next three years.
India generates over 15,000 tonnes of plastic on a daily basis and the use of plastic in the packaging accounts for 35 per cent of plastic consumption.
In a bid to reduce the food industry’s dependency on plastic, Yash Papers has developed a modular cost-effective design priced between Rs 1 and Rs 7, which is actually cheaper than plastic.
The launch commenced with a panel discussion in the city on ‘Promoting sustainability in Food Industry' last evening, in which panelists comprising food influencers and TV show hosts Rocky Singh and Mayur Sharma, Anna Warrington, director, Forum for the Future; Kunal Suri, chief operating officer, foodpanda; Srishti Jain,
Feeding India and Riyaz Amlani, chief executive, Impresario discussed the relevance of eco-friendly food packaging for healthy eating and progressive steps taken by the Maharashtra government in banning plastics in the city.
Speaking at the launch of the eco-friendly range, Ved Krishna, head of Strategy at Yash Papers, said, "We end up consuming so many carcinogens without any awareness through the thermocol and plastic products we are served on and then these products are disposed damaging the ecology. It is time to embrace products that will
enable us to eat safe and benefit the planet when disposed.
"In order to bring in a better process in the growth of sustainable packaging solutions in India, the company last month also announced a strategic tie-up with food delivery platform, foodpanda. The initiative enables foodpanda’s partner base of 15000 plus restaurants to offer its customers food in environment-friendly
packaging," he added.
UNI JM SS SM1715
More News
Bullion Market Closing rates

Bullion Market Closing rates

21 Mar 2019 | 3:47 PM

Chennai, Mar 21 (UNI) Following is the bullion markets
closing rate here today.

see more..

Kozhikode Coir market

21 Mar 2019 | 2:45 PM

Kozhikode, Mar 21 (UNI) Following were the rates in the
Kozhikode Coir market today per quintal.

see more..

Kozhikode Oil Market

21 Mar 2019 | 2:45 PM

Kozhikode, Mar 21 (UNI) Following were the rates in the
Kozhikode Oil Market today per quintal.

see more..

Kozhikode Spices market

21 Mar 2019 | 2:44 PM

Kozhikode, Mar 21 (UNI) Following were the rates in the
Kozhikode Spices market today per quintal.

see more..

KozhikodeRubber Market

21 Mar 2019 | 2:44 PM

Kozhikode, Mar 21 (UNI) Following was the rate in the Kozhikode
Rubber Market today,
RMA LOT (RSS-4)12,600,(RSS-5)11,800.

see more..
image