Maharashtra Partners With Recove Ventures for ₹500 Crore Recycling Project.

The Government of Maharashtra has signed a 10-year Memorandum of Understanding (MoU) with Bengaluru-based Recove Ventures to develop a large-scale plastic recycling network across the state, with a committed investment exceeding ₹500 crore.

The MoU was signed at Mantralaya in Mumbai between Dr P. Anbalagan, Principal Secretary (Industries, Investment and Services), and Recove Ventures co-founders Kunal Kumar and Viral Chhajer. Following the signing, the delegation also held a meeting with Maharashtra Chief Minister Devendra Fadnavis.

As part of the agreement, the first project will be a 1,100-tonne-per-month high-density polyethylene (HDPE) and polypropylene (PP) recycling facility at Additional Jalgaon MIDC, a priority D+ industrial zone. The project involves an investment of over ₹35 crore.

The facility will deploy extrusion, granulation, and deep-vacuum deodorisation technologies to produce industrial-grade recycled granules for use in packaging, automotive, and consumer goods applications. Commissioning is expected between October and December 2026, with the project projected to generate around 100 direct jobs and more than 1,500 indirect employment opportunities.