Budget 2024: ‘It will boost both environmental sustainability and economic growth in India,’ says Blue Planet Environmental Solutions CEO Prashant Singh | India Business News

As Finance Minister Nirmala Sitharaman gears up to present the Union Budget 2024 on July 23, stakeholders across sectors are eagerly awaiting the announcements that will shape the future of the Indian economy. One of those keeping a close eye on the developments is Prashant Singh, co-founder and CEO of Blue Planet Environmental Solutions. He shared his insights and expectations for the Budget, particularly regarding the role of the waste management sector in promoting environmental sustainability and economic growth.

Prashant Singh emphasised the transformative potential of waste management within the circular economy. “As we approach the Union Budget 2024, it is crucial to recognise the potential of waste management within the circular economy, especially in converting waste into alternative resources and energy,” he said. He emphasised the government’s commitment to ‘green growth’ through significant investments in biogas and bio-CNG plants. These investments are seen as a strategic approach to reduce carbon emissions while creating sustainable employment.


“The government’s focus on ‘green growth’, through substantial investments in biogas and bio-CNG plants, highlights a strategic approach to reducing carbon emissions and creating sustainable employment. Integrating waste-to-energy solutions, such as converting agricultural and municipal waste into bio-CNG, not only mitigates the waste crisis but also supports the clean energy transition by producing greener fuels and reducing landfill use,” he explained.

The upcoming Union Budget 2024 is expected to emphasize on these crucial changes, which will boost both environmental sustainability and economic growth in India. Expressing optimism about the government’s direction, Prashant Singh said, “We remain optimistic that the upcoming Union Budget 2024 will emphasize on these crucial changes, which will boost both environmental sustainability and economic growth in India. With a supportive policy environment, the waste management sector can significantly boost India’s GDP, proving that economic growth and environmental sustainability can go hand in hand.”

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The Union Budget 2024 is eagerly awaited across sectors including FMCG, real estate and technology. It is expected to meet the needs and expectations of a diverse range of stakeholders including ordinary taxpayers, investors, industries, farmers and women.