The inauguration of India's first circular lab aims to create a platform for new innovative strategies

The inauguration of India's first circular lab aims to create a platform for new innovative strategies

MET Institute of Management, Bhujbal Knowledge City in collaboration with the International Council for Circular Economy launched India's first circular lab during the International Research Conference on Transition, Opportunities, and Challenges towards a Circular Economy. The aim of the conference is to create a platform for new innovative strategies that will help businesses smoothly transition from a linear economy to a circular economy. Following the appropriate topic, several research papers were presented not only from India but also from other countries, whose discoveries and insights were very relevant in the current business and social context.

Ramesh Unnikrishnan inaugurates India's first circular lab
In line with the theme, Dr. Ramesh Unnikrishnan, Advisor, AICTE inaugurated India's first circular lab. During this, he said, "We are accustomed to the use and throw culture and it is very easy to talk about sustainability. Sustainability is our responsibility. It is important how we hand over the planet earth to the next generation." The lab has been created with the aim of sensitizing individuals, institutions, and society toward a circular economy.

The circular economy has also been a part of our Indian culture.
Speaking at the event, Hon'ble Mr. Pankaj Bhujbal said, "This circular lab is a living reference, which will help us to transfer knowledge in various recycling and replication. The lab will help us to give innovative solutions to the current problems we face today Circular economy has also been a part of our Indian culture and we are showcasing this culture with a twist in our circular lab.

Know what the country head of UNEP said
Mr. Atul Bagai, Country Head of, the United Nations Environment Program (UNEP) said, “What we need to do is how we can imbibe the concept of circular economy in our daily lives and this is something that is very important from the point of view of Is. Change in lifestyle. Research has established that the transition to a circular economy can certainly generate huge economic benefits and this is where I think businesses need to understand and realize that this may create some problems in the beginning, but Ultimately there will be huge economic benefits to the businesses.

presents a trillion-dollar opportunity for our country
Mr. Anirban Ghosh, Chief Sustainability Officer, Mahindra & Mahindra briefed the audience about the various sustainability initiatives taken by Mahindra & Mahindra and said, “When you recycle material, the amount of carbon emissions in the process is comparable to the amount of processing. is much less than that of time. So a circular economy actually adds incremental value to our country's GDP and in the future, it presents a trillion-dollar opportunity to our country.

At the conference, national and international researchers showcased their novel research on topics related to sustainability and circularity. The objective of the conference was to encourage researchers from leading corporates, government and public organizations, non-profit organizations, industry practitioners, academicians, scholars, masters, and undergraduate students to examine the managerial implications and interdisciplinary approach.

circular economy philosophy
A circular economy is an industrial system that aims to be restorative or regenerative. It replaces the end-of-life concept with reforestation, shifts towards the use of renewable energy, eliminates the use of toxic chemicals that inhibit reuse and return to the biosphere, and materials, and Strives to eliminate waste through better design of products. systems, and business models. MET Institute of Management, a leading B-school in Mumbai has signed an MoU with Consortium for Global Education to help provide opportunities for international connections and excellence.

MET is a three-decade-old institute
MET Institute of Management is a three-decade-old institute and has been ranked 4th Best B-School in Mumbai, 28th Best B-School All India, and 15th Top West B-School by Times B-School Survey 2022. The Internal Quality Assurance Cell (IQAC) of MET IOM aims to create a system for taking deliberate, consistent, and catalytic action for improvement in academic and administrative performance. Academic and academic rigor are closely woven into application-oriented skill sets, which develop industry-ready management professionals, positioning MBA students to meet the challenges of the market and society in the field.

A global platform for professional associations
ICCE is a thinker and pioneer in India with a global approach to building regenerative and restorative systems. As the first international body in India, ICCE is a global platform for public and private sector companies, civil society organizations, academic institutions, and business associations. It helps align stakeholders' practices towards the core principles of circular economy in material efficiency, system design, resource recovery, and reducing negative externalities across sectors. A partner of the Ellen MacArthur Foundation, the council has the coThrough Yoga it has footprints in 32 countries.

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