FSSAI delay in issuing licences could hit PET recycling industry hard: APR Bharat

Kolkata, June 2 -- The delay in granting of licences by FSSAI, to the factories set up by recycled PET manufacturers is likely to push a majority of these companies into bankruptcy, the Association of PET Recyclers (Bharat) - APR Bharat, said on Monday. The industry has set up a total capacity of four lakh MT at an estimated investment of Rs 7,500-8,000 crore to produce recycled polyethylene terephthalate (r-PET) for generating food-contact packaging material.

Companies have adopted state-of-art technology and set up their factories adhering to standards approved by the European Food Safety Authority (EFSA) and US Food and Drug Administration (FDA).

While a handful of them have received the FSSAI nod, as many as 15 plants which are fully ...