{"id":60501,"date":"2025-12-03T19:03:31","date_gmt":"2025-12-03T13:33:31","guid":{"rendered":"https:\/\/www.nextias.com\/ca\/?p=60501"},"modified":"2025-12-04T17:20:00","modified_gmt":"2025-12-04T11:50:00","slug":"finland-roadshows-circular-economy-india","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/03-12-2025\/finland-roadshows-circular-economy-india","title":{"rendered":"Finland to Hold Road Shows on Circular Economy in India"},"content":{"rendered":"\n<p><strong>Syllabus: GS3\/ Economy<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Context<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Ahead of India hosting the <strong>World Circular Economy Forum 2026,<\/strong> Finland will conduct roadshows in major Indian cities to promote circular economy awareness and explore business opportunities.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What is Circular Economy?<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The circular economy (CE) is a model of production that <strong>prioritises waste reduction or elimination at all stages<\/strong> of the product life cycle, from raw materials extraction and manufacturing to disposal and reuse.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img data-dominant-color=\"d3d7d1\" data-has-transparency=\"false\" loading=\"lazy\" decoding=\"async\" width=\"324\" height=\"276\" src=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/12\/Screenshot-2025-12-03-190513.png\" alt=\" circular economy\" class=\"not-transparent wp-image-60519\" style=\"--dominant-color: #d3d7d1; aspect-ratio:0.9902376128200405;width:506px;height:auto\" srcset=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/12\/Screenshot-2025-12-03-190513.png 324w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/12\/Screenshot-2025-12-03-190513-300x256.png 300w\" sizes=\"auto, (max-width: 324px) 100vw, 324px\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>India\u2019s circular economy<\/strong> is expected to have a <strong>market value of $2 trillion <\/strong>and create <strong>10 million jobs <\/strong>by the year <strong>2050.<\/strong><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Significance of Circular Economy<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Economic Opportunities: <\/strong>The <strong>UNDP <\/strong>estimates that a global switch to circular economy models could generate <strong>$4.5 trillion<\/strong> in economic benefits by <strong>2030<\/strong>, while also <strong>reducing emissions<\/strong> and creating stable green jobs.<\/li>\n\n\n\n<li><strong>Job Creation:<\/strong> Expands employment opportunities in recycling, refurbishment, remanufacturing, and sustainable product design.<\/li>\n\n\n\n<li><strong>Competitive Advantage:<\/strong> Businesses adopting circular models gain a market edge as consumers increasingly prefer sustainable products.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img data-dominant-color=\"a8b3cd\" data-has-transparency=\"false\" loading=\"lazy\" decoding=\"async\" width=\"891\" height=\"309\" src=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/12\/Significance-of-Circular-Economy.webp\" alt=\"significance of circular economy\" class=\"not-transparent wp-image-60520\" style=\"--dominant-color: #a8b3cd; aspect-ratio:2.8835013945505255;width:596px;height:auto\" srcset=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/12\/Significance-of-Circular-Economy.webp 891w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/12\/Significance-of-Circular-Economy-300x104.webp 300w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/12\/Significance-of-Circular-Economy-768x266.webp 768w\" sizes=\"auto, (max-width: 891px) 100vw, 891px\" \/><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><strong>India&#8217;s Leadership in Circular Economy<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Swachh Bharat Mission (SBM-U):<\/strong> Strengthening urban waste management with <strong>3R ( Reduce, Reuse, and Recycle) principles<\/strong>.&nbsp;<\/li>\n\n\n\n<li><strong>GOBAR-Dhan Scheme: <\/strong>Promoting waste-to-wealth initiatives through biogas and organic waste processing.\n<ul class=\"wp-block-list\">\n<li>This scheme currently covers <strong>67.8% <\/strong>of the total number of districts in India, with 1008 biogas plants being fully operational as of February 2025.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong><a href=\"https:\/\/www.nextias.com\/ca\/current-affairs\/11-11-2022\/e-waste-management-rules-2022\" data-type=\"link\" data-id=\"https:\/\/www.nextias.com\/ca\/current-affairs\/11-11-2022\/e-waste-management-rules-2022\">E-Waste Management Rules (2022)<\/a>: <\/strong>Strengthening circular economy practices in electronic waste disposal.\u00a0<\/li>\n\n\n\n<li><strong>Extended Producer Responsibility (EPR) for Plastic: <\/strong>Encouraging industries to take accountability for plastic waste.\n<ul class=\"wp-block-list\">\n<li>India banned single use plastic in <strong>2022.<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>The 12th Regional 3R and Circular Economy Forum in Asia and the Pacific <\/strong>was held in Jaipur, India, in March 2025, marking a significant milestone in regional cooperation for sustainable waste management and circular economy initiatives.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Challenges in Implementing Circular Economy<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Technical expertise:<\/strong> Many businesses, municipalities, and citizens are unfamiliar with circular economy principles and lack the technical knowledge to implement them effectively.<\/li>\n\n\n\n<li><strong>High initial investment costs: <\/strong>Setting up circular systems, such as recycling infrastructure or sustainable product design, requires significant upfront capital.<\/li>\n\n\n\n<li><strong>Uneven corporate Adoption: <\/strong>SMEs, which form a large part of India\u2019s economy, are largely not onboard, making the transition non-uniform across sectors.<\/li>\n\n\n\n<li><strong>Insufficient enforcement policy: <\/strong>While policies exist, weak enforcement and limited incentives slow down adoption.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Way Ahead<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>There is a <strong>need for a trickle-down effect<\/strong> where circular economy concepts reach all levels of industry, beyond large corporations.<\/li>\n\n\n\n<li><strong>Promote repair and reuse<\/strong> of products to extend their lifecycle and reduce resource consumption.<\/li>\n\n\n\n<li>Improve recycling processes to prevent accumulation and environmental pollution through <strong>Extended Producer Responsibility (EPR) initiatives.<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.thehindu.com\/business\/Industry\/finland-to-hold-road-shows-on-circular-economy-in-india-next-year\/article70350734.ece\" target=\"_blank\" rel=\"noopener\"><strong>TH<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>Context<\/strong><\/p>\n<li class=\"ms-5\">Ahead of India hosting the World Circular Economy Forum 2026, Finland will conduct roadshows in major Indian cities to promote circular economy awareness and explore business opportunities.<\/li>\n<p><\/p>\n<p><strong>What is Circular Economy?<\/strong><\/p>\n<li class=\"ms-5\">The circular economy (CE) is a model of production that prioritises waste reduction or elimination at all stages of the product life cycle, from raw materials extraction and manufacturing to disposal and reuse.<\/li>\n<li class=\"ms-5\">India\u2019s circular economy is expected to have a market value of $2 trillion and create 10 million jobs by the year 2050.<\/li>\n<p><a href=\"https:\/\/www.nextias.com\/ca\/current-affairs\/03-12-2025\/finland-roadshows-circular-economy-india\" class=\"btn btn-primary btn-sm float-end\">Read\u00a0More<\/a><\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-60501","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/60501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=60501"}],"version-history":[{"count":6,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/60501\/revisions"}],"predecessor-version":[{"id":60598,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/60501\/revisions\/60598"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=60501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=60501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=60501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}