Vikas Lifecare Limited (VLL) has recently informed exchanges that he company has signed a technology transfer agreement with the Advanced Systems Laboratory (ASL), DRDO, under the Ministry of Defence, Government of India, to develop biodegradable granules for sustainable packaging solutions. This collaboration focuses on offering a cost-effective alternative to traditional polyethylene bags, addressing the growing global demand for eco-friendly materials.
The technology, developed by DRDO, supports VLL in producing biodegradable granules for manufacturing eco-friendly bags, aligning with India’s commitment to sustainability. As the Indian plastic packaging market is projected to reach USD 25.35 billion by 2029, the demand for such innovative packaging solutions is set to rise.
VLL will have a non-exclusive 10-year license to manufacture and market these biodegradable granules both domestically and internationally. With the full support of DRDO, including technical documentation and testing protocols, this initiative contributes to reducing plastic pollution and promoting a circular economy.
VLL’s move to integrate biodegradable plastics into their product line reflects their ongoing commitment to environmental sustainability and fulfilling Extended Producer Responsibility (EPR) mandates. This partnership with DRDO is a major step toward a greener future in packaging, positioning VLL as a leader in the shift towards eco-friendly plastics.
