India has actually seen an enormous quantity of animal (Polyethylene terephthalate) waste for many years. As per stats, more than 14 lakh tonnes of animal plastic waste is taken in and produced yearly. Despite an admirable around the world recycling rate of 80%, around 2.8 lakh tonnes of utilized plastic bottles stay uncollected. By gathering and recycling plastic bottles, PNB Housing Finance intends to motivate customers to avoid a minimum of 8000 kg of plastic waste from going into the ocean or land fills each year.
Commenting on the effort, Mr. Girish Kousgi, MD & CEO, of PNB Housing Finance said, “As an organization that focuses on creating a positive impact on society, we implement several programs through our CSR arm Pehel Foundation, in key intervention areas like environment, health, education, women empowerment, etc. At a time when we can see the effects of climate change around us, it becomes even more crucial to raise awareness about the plastic waste crisis and encourage individuals to live sustainably. We are proud to launch this unique eco-friendly initiative of installing plastic crushing bottles in a bustling city like Mumbai. We firmly believe that small actions today can lead to a positive change tomorrow, and we are happy to contribute to a cleaner and healthier future.”
Dr. Chinu Kwatra, Founder of, Khushiyaan Foundation, mentioned, “World Environment Day serves as a reminder to make conscious efforts to conserve our surroundings and adopt sustainable living habits. We are happy to collaborate with PNB Housing Finance and Pehel Foundation to install PET bottle crushing machines in some of the busiest areas of Mumbai, and hope this will spread awareness about the adverse effects of plastic waste.”
An awareness event was held the other day at the DN Nagar Metro Station, with regional agents supporting the cause. As part of the very first stage of the task, makers have actually been set up at Chakala, Sakinaka, Andheri, DN Nagar, and Versova city stations.
