The 2024 Budget will foster environmental sustainability alongside economic growth in India

Prashant Singh, CEO of Blue Planet Environmental Solutions.

As Finance Minister Nirmala Sitharaman gears up to unveil the Union Budget 2024 on July 23, stakeholders from various sectors are eagerly anticipating the announcements that will shape India’s economic landscape. Among those closely monitoring the developments is Prashant Singh, Co-Founder and CEO of Blue Planet Environmental Solutions.

He has shared his insights and expectations for the budget, especially regarding the waste management sector’s vital role in promoting environmental sustainability and economic growth.

Prashant Singh emphasized the significant impact of waste management within the circular economy. “As we approach the Union Budget 2024, it’s essential to acknowledge the transformative potential of waste management, particularly in turning waste into alternative resources and energy,” he remarked. He underscored the government’s dedication to ‘green growth’ through substantial investments in biogas and bio-CNG plants. These initiatives are viewed as a strategic method to lower carbon emissions while simultaneously generating sustainable employment opportunities.

“The government’s commitment to ‘green growth’ through major investments in biogas and bio-CNG plants signifies a strategic effort to cut carbon emissions and foster sustainable job creation. By integrating waste-to-energy solutions, such as converting agricultural and urban waste into bio-CNG, we can tackle the waste crisis while also supporting the clean energy transition through the production of greener fuels and reducing landfill dependency,” he explained.

The forthcoming Union Budget 2024 is anticipated to place considerable focus on these critical developments, fostering both environmental sustainability and economic advancement in India.