Nonetheless, for Circulate, policy tailwinds have been a major driver in its decision to keep writing cheques to companies in India. “Regulations started with plastics first, then into electronic waste, where a limited number of commodities were covered under EPR regulations. That list keeps growing,” said Prashant Purohit, investment partner and co-head, South Asia for Circulate. He added that apart from plastics and electronic waste, the government is also mulling regulation around textile recycling, a nascent area which is showing early signs of growth.
