. The Upcoming IPOs in this week and coming weeks The Current active IPO are NAPS Global, Balaji

Team Finance Saathi

    04/Mar/2025

What's covered under the Article:

  1. India proposes a global platform, C3, to connect cities and experts for circular economy adoption.
  2. The initiative aligns with the Jaipur Declaration, focusing on resource efficiency and waste reduction.
  3. The UNCRD-hosted forum highlights India’s leadership in sustainability and urban development.

India has taken a major step toward advancing a circular economy, proposing the Cities Coalition for Circularity (C3) at the 12th Regional 3R and Circular Economy Forum in Asia and the Pacific. Union Minister for Housing and Urban Affairs, Manohar Lal Khattar, announced that C3 will serve as a global platform connecting cities, academia, and technology innovators to promote sustainability, resource efficiency, and waste management.

C3: A Global Initiative for Circularity

The proposed C3 platform aligns with the Jaipur Declaration, acting as a multi-stakeholder, multi-national alliance that will facilitate:

  • City-to-city collaboration for implementing circular economy models.
  • Partnerships between policymakers, industry leaders, and researchers to develop sustainable solutions.
  • Knowledge-sharing on resource efficiency, waste management, and environmental best practices.

A working group of voluntary member nations will be formed to finalize the structure and guiding principles of the C3 platform, ensuring it serves as a digital hub for urban sustainability initiatives.

The Need for a Circular Economy

Union Minister Manohar Lal Khattar highlighted the growing urgency of shifting toward a circular economy, citing rapid industrialization and rising consumerism as major drivers of waste generation. He emphasized that:

  • Modern technologies must be integrated with traditional practices to improve recycling and resource efficiency.
  • India has identified 11 key sectors, including liquid waste management and lithium battery recycling, to optimize resource utilization.
  • Sustainability efforts must focus on reducing waste and promoting a reuse-oriented culture.

India’s Leadership in Circular Economy Reforms

The Centre is actively promoting circular economy adoption, with a focus on waste reduction, renewable resources, and urban sustainability. At the 3R Forum, Rajasthan Chief Minister Bhajan Lal Sharma stressed the need for sustainable conservation measures to protect forests, rivers, and natural ecosystems from the negative impacts of industrialization.

As part of its waste management strategy, India aims to:

  • Encourage industries to adopt circular economy principles, minimizing environmental impact.
  • Develop policies for lithium battery recycling, reducing e-waste pollution.
  • Enhance urban planning with sustainability measures, ensuring cities integrate circular models in infrastructure.

UNCRD Forum and Global Participation

The UN Centre for Regional Development (UNCRD) has hosted the 3R Forum since 2009, bringing together over 1,000 delegates from Asia-Pacific countries to discuss circular economy implementation strategies. Attendees include:

  • Government officials and policymakers shaping environmental policies.
  • Industry leaders and technology innovators working on sustainable solutions.
  • International organizations and research institutions collaborating on waste management practices.

Conclusion: India’s Push for a Greener Future

India’s Cities Coalition for Circularity (C3) is set to become a landmark initiative, fostering global cooperation on sustainability, resource efficiency, and waste management. With India leading the charge, the transition to a circular economy will not only reduce waste but also drive economic and environmental benefits. As the world moves towards greener practices, India’s leadership in urban sustainability and circular economy strategies will shape the future of global environmental policies.


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The Current active IPO are NAPS GlobalBalaji Phosphates.


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