World witnessing a paradigm shift to “Circular Economy

Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, and MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh said that the world is witnessing a paradigm shift to “Circular Economy” and there is a decisive shift in economic thinking, where the idea of “waste” is rapidly disappearing and every discarded material is increasingly being seen as a source of economic value. He cited the example of the government having earned more than Rs 4,000 cr simply from Scrap including E-Waste during the Swachhata campaign.

The Minister said, the emerging model of circular economy, backed by recycling and biotechnology-driven innovations, is set to redefine industrial growth and sustainability across sectors.

Dr Jitendra Singh was addressing the 2nd edition of the Global Symposium and Awards on Resource Efficiency and Circular Economy in New Delhi, attended by representatives from government, industry, research institutions and international organisations, including delegates associated with European and German missions, along with key stakeholders from the Resource Efficiency and Circular Economy Industry Alliance.(UPDATED ON 20TH APRIL 2026)