Recove Ventures Private Limited, a company focused on India's plastic recycling industry, has signed a Memorandum of Understanding with the Maharashtra government to develop a recycling ecosystem over the next ten years. The agreement, signed in Mumbai, involves an investment of over ₹500 crore (approximately $60 million USD) to enhance waste processing, recycling, and circular manufacturing activities in the state. The first phase will establish a facility in Jalgaon district, with a capacity to process 5,000 tonnes of plastic waste monthly, aiming to scale up to 1,00,000 tonnes annually. The initial investment of more than ₹35 crore will create 100 direct and over 1,500 indirect jobs. Recove's co-founders emphasized the need for a robust infrastructure to integrate post-consumer plastic back into the economy, highlighting Maharashtra's supportive environment for such initiatives. The Principal Secretary of Industries in Maharashtra noted that this partnership will strengthen the state's circular economy infrastructure, promoting sustainability alongside economic growth.