DPIIT, Stride Ventures name Plastics for Change Challenge winner

23 Apr 2025 CW Team

The Department for Promotion of Industry and Internal Trade (DPIIT), in collaboration with Startup India and Stride Ventures, has announced Buoyancy Plastics for Change Recycling Private Limited as the winner of the Bharat Startup Grand Challenge 2025. The initiative aims to identify and empower impactful, homegrown startups.

Selected from over 120 applications submitted within 30 days, Plastics for Change emerged as the winner among startups from 22 states, representing sectors such as sustainability, fintech, and e-mobility. Founded in 2015, the startup is committed to building a Fair Trade-certified, recycled plastics supply chain. It focuses on ethically sourcing and aggregating plastic waste to supply high-quality rPET, rHDPE and rPP materials to recycling units.

By working directly with informal waste collectors and integrating them into the formal economy, the startup currently operates with a collection capacity exceeding 20,000 tonnes. It now aims to expand its reach within India’s plastics recycling ecosystem.

Stride Ventures, India’s largest venture debt fund, has committed over $1 billion to 170+ new-age startups over the past five years and recently expanded to Singapore, Abu Dhabi, Riyadh, and London. Earlier this year, Stride signed an MoU with DPIIT to support Indian startups through funding, mentorship, market access, and global scaling opportunities.

As part of the award, Stride Ventures has announced an investment of up to Rs 10 crore—subject to due diligence—along with ecosystem support, expert mentorship, and access to its global network to help Plastics for Change further scale its sustainable and circular operations in India.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..