The Koyambedu Wholesale Market Complex (KWMC) in Chennai is set to convert banana plant waste into a range of biodegradable products. Managed by the Market Management Committee (MMC) under the Chennai Metropolitan Development Authority (CMDA), the initiative aims to utilize the approximately 70 to 75 tonnes of daily banana waste, primarily comprising leaves and peduncles, generated at the complex.
The MMC has recently issued an ‘Expression Of Interest’ (EOI), inviting proposals from companies for the collection and processing of this organic waste on a revenue-sharing basis. Bids are slated for finalization post July 29, with the expectation of creating a sustainable cycle that adheres to the Municipal Solid Waste Management Rules of 2016. Established in 1996, the sprawling 86-acre KWMC hosts 3,855 shops dealing in vegetables, fruits, flowers, and grains, witnessing a substantial daily footfall of approximately one lakh visitors and accommodating around 15,000 vehicles daily.
The transformation of banana waste into biodegradable products marks a significant step in aligning market operations with environmental sustainability goals. The processed waste can be turned into various practical items such as garments, cups, plates, vermicompost, and even biodegradable fuel, offering a dual benefit of waste reduction and resource maximization. This green initiative not only addresses the environmental impact of organic waste but also presents a lucrative opportunity for businesses to participate in the burgeoning market for sustainable products.
By converting waste into valuable resources, KWMC not only mitigates environmental degradation but also exemplifies a forward-thinking approach towards waste management and sustainable business practices. This initiative is poised to inspire similar efforts nationwide, fostering a greener and more sustainable future for India’s markets and beyond.
