The government of Maharashtra signed a ten-year Memorandum of Understanding (MoU) with Bengaluru-based Recove Ventures Private Ltd to establish a large-scale plastic recycling ecosystem across the State. The partnership involves a committed investment of more than ₹500 crore and aims to strengthen India’s underdeveloped HDPE and polypropylene (PP) recycling infrastructure.
First Recycling Facility Planned in Jalgaon MIDC
Recove Ventures will establish its first recycling facility at Additional Jalgaon MIDC, a priority D+ industrial zone in Maharashtra. The project will involve an investment of over ₹35 crore and is designed to process 1,100 tons of HDPE and PP waste every month.
The upcoming plant will deploy advanced extrusion, granulation and deep-vacuum deodorisation technologies to manufacture industrial-grade recycled plastic granules. These materials will cater to sectors such as packaging, automotive and consumer goods manufacturing. Construction and commissioning are expected between October and December 2026. Once operational, the facility is projected to generate around 100 direct jobs and more than 1,500 indirect employment opportunities.
Maharashtra Pushes Circular Economy and Plastic Waste Management
Recove Ventures plans to create processing capacity for 5,000 tons of plastic waste per month during the first phase. Over the ten-year partnership period, the company aims to scale total recycling capacity to nearly 1,00,000 tons annually. To support the initiative, the Maharashtra government will facilitate priority land allotment in MIDC industrial areas, provide single-window clearance assistance and extend applicable industrial incentives. The partnership aligns with Maharashtra’s larger focus on circular economy development, sustainable manufacturing and scientific plastic waste management.
India Faces Major Gap in HDPE and PP Recycling
The agreement also seeks to address a major weakness in India’s recycling ecosystem. While polyethylene terephthalate (PET) recycling rates in India are estimated at nearly 95 per cent, recovery rates for HDPE and PP remain below 30 per cent despite their widespread use in packaging, automotive parts and consumer products.
At the same time, regulatory pressure on manufacturers is increasing. Under India’s Extended Producer Responsibility (EPR) framework, brands are currently required to incorporate around 30 per cent recycled plastic content in products, with the mandate expected to rise to nearly 60 per cent within the next two to three years. Industry estimates suggest that India could lose recyclable plastic value worth nearly $36 billion between 2025 and 2030 if recycling infrastructure gaps are not addressed.
Recove Expands Recycling Operations
Recove Ventures has already begun expanding its operational footprint in India. The company started test runs at its Pune pre-processing facility in April 2026, while its Bengaluru recycling plant has been processing more than 415 tonnes of plastic waste per month since late 2025. According to the company, it has achieved nearly 12-fold revenue growth over the past six months. As reported by thehindubusinessline.com, Recove currently serves more than 30 recycling partners and reports an approximate 90 per cent repeat order rate, reflecting growing demand for recycled HDPE and PP materials in the domestic market.
