PNB Housing Finance Launches its Eco-Friendly Initiative to Combat Plastic Waste on World Environment Day

Mumbai, 06 June 2023: PNB Housing Finance, one of many main housing finance corporations in India, introduced its new initiative to set up 16 PET bottle crusher machines throughout Mumbai, together with key metro stations. It was launched by PNB Housing’s CSR arm Pehel Foundation in collaboration with the Khushiyaan Foundation to fight plastic air pollution and handle the problem of plastic waste in India.

India has seen a colossal quantity of PET (Polyethylene terephthalate) waste through the years. As per statistics, greater than 14 lakh tonnes of PET plastic waste is consumed and generated yearly. Despite a laudable worldwide recycling fee of 80%, roughly 2.8 lakh tonnes of used plastic bottles stay uncollected. By accumulating and recycling plastic bottles, PNB Housing Finance goals to encourage customers to forestall a minimal of 8000 kg of plastic waste from getting into the ocean or landfills every year.

Commenting on the initiative, Mr. Girish Kousgi, MD & CEO, of PNB Housing Finance mentioned, “As a company that focuses on making a constructive impression on society, we implement a number of packages by way of our CSR arm Pehel Foundation, in key intervention areas like surroundings, well being, schooling, ladies empowerment, and so forth. At a time after we can see the consequences of local weather change round us, it turns into much more essential to increase consciousness concerning the plastic waste disaster and encourage people to dwell sustainably. We are proud to launch this distinctive eco-friendly initiative of putting in plastic crushing bottles in a bustling metropolis like Mumbai. We firmly consider that small actions right now can lead to a constructive change tomorrow, and we’re pleased to contribute to a cleaner and more healthy future.”

Dr. Chinu Kwatra, Founder of, Khushiyaan Foundation, said, “World Environment Day serves as a reminder to make aware efforts to preserve our environment and undertake sustainable dwelling habits. We are pleased to collaborate with PNB Housing Finance and Pehel Foundation to set up PET bottle crushing machines in a number of the busiest areas of Mumbai, and hope this may unfold consciousness concerning the antagonistic results of plastic waste.”

An consciousness ceremony was held yesterday on the DN Nagar Metro Station, with native representatives supporting the trigger. As a part of the primary part of the venture, machines have been put in at Chakala, Sakinaka, Andheri, DN Nagar, and Versova metro stations.