Blue Planet secures $35mn investment from IFU

21 Dec 2023 CW Team

The injection of funds from IFU will significantly enhance Blue Planet's capabilities in two crucial areas within India ? landfill reclamation and e-waste recycling. Blue Planet has already achieved notable success in reclaiming over 500 acres from legacy landfills and processing more than 12 million tonnes of legacy waste. This accomplishment has effectively reduced the need for new materials and contributed to a reduction in carbon footprint.

The strategic partnership between Blue Planet and IFU marks a significant milestone in the pursuit of global sustainability, underscoring their joint commitment to pioneering innovative waste management solutions, according to a company statement.

Jonas Lau Kristensen, Investment Director at IFU, emphasised, "Our commitment extends beyond financial investment; it's about creating a just, inclusive, and sustainable future and transforming the landscape of waste management."

IFU's investments play a pivotal role in promoting environmental sustainability and fostering economic growth in the countries they invest in, aligning closely with the United Nations Sustainable Development Goals.

Currently, India generates approximately 62 million tonnes (MT) of waste annually, with only 12 MT being treated before disposal. Thomas Hougaard, Senior Vice President at IFU, highlighted the need for investments in innovative technologies and operations to address the anticipated doubling of waste volumes by 2030.

IFU will be investing on behalf of the SDG Fund, partially funded by public funding, which provides catalytic risk mitigations to mobilise private capital. This allows Danish Pension Funds to engage in sustainable investments in developing countries.

Blue Planet has ambitious plans to operate one of the largest e-waste recycling centers in India. Madhujeet Chimni, Founder and Chairman of Blue Planet, expressed confidence that IFU's investment would have a significant impact on their quest for a sustainable waste management platform. Prashant Singh, Co-Founder and CEO of Blue Planet, added that IFU's experience and depth of knowledge would be invaluable as they tackle new challenges in providing sustainable waste management solutions.

Blue Planet Environmental Solutions, a company dedicated to sustainable waste management operations in India, South-East Asia, and the UK, announced that it has secured a $35 million investment from The Investment Fund for Developing Countries (IFU), a leading player in impact investments. The injection of funds from IFU will significantly enhance Blue Planet's capabilities in two crucial areas within India ? landfill reclamation and e-waste recycling. Blue Planet has already achieved notable success in reclaiming over 500 acres from legacy landfills and processing more than 12 million tonnes of legacy waste. This accomplishment has effectively reduced the need for new materials and contributed to a reduction in carbon footprint. The strategic partnership between Blue Planet and IFU marks a significant milestone in the pursuit of global sustainability, underscoring their joint commitment to pioneering innovative waste management solutions, according to a company statement. Jonas Lau Kristensen, Investment Director at IFU, emphasised, Our commitment extends beyond financial investment; it's about creating a just, inclusive, and sustainable future and transforming the landscape of waste management. IFU's investments play a pivotal role in promoting environmental sustainability and fostering economic growth in the countries they invest in, aligning closely with the United Nations Sustainable Development Goals. Currently, India generates approximately 62 million tonnes (MT) of waste annually, with only 12 MT being treated before disposal. Thomas Hougaard, Senior Vice President at IFU, highlighted the need for investments in innovative technologies and operations to address the anticipated doubling of waste volumes by 2030. IFU will be investing on behalf of the SDG Fund, partially funded by public funding, which provides catalytic risk mitigations to mobilise private capital. This allows Danish Pension Funds to engage in sustainable investments in developing countries. Blue Planet has ambitious plans to operate one of the largest e-waste recycling centers in India. Madhujeet Chimni, Founder and Chairman of Blue Planet, expressed confidence that IFU's investment would have a significant impact on their quest for a sustainable waste management platform. Prashant Singh, Co-Founder and CEO of Blue Planet, added that IFU's experience and depth of knowledge would be invaluable as they tackle new challenges in providing sustainable waste management solutions.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Resources

16 Sep 2025

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Real Estate

16 Sep 2025

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..