HDFC Bank-GNIDA-UNDP sign pact to improve waste management in Greater Noida

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HT Bureau

GUWAHATI, Sept 14: HDFC Bank, in partnership with UNDP India, signed a Memorandum of Understanding (MoU) with Greater Noida Industrial Development Authority (GNIDA), on Tuesday for setting up a Swachhta Kendra (Material Recovery Facility) in Noida. The bank has allotted nearly Rs 3 crore for sponsoring this project under its flagship CSR program – Parivartan.

The new facility is a step towards working with the people, administration of Greater Noida, and UNDP to promote sustainability. Greater Noida currently generates around 300-350 metric tonnes of waste daily. The Swachhta Kendras collect dry waste, segregate and recover it before sending it to recyclers, creating resource efficiency and supporting a circular economy. The new Swachhta Kendra in Greater Noida will recover around 200-300 of dry waste every month. The MoU signing was held in the presence of Narendra Bhooshan, CEO, GNIDA; Akhilesh Kumar Roy, Branch Banking head, HDFC Bank, and Srikrishna Balachandran, project manager and officer in charge, Plastic Waste Management Programme, UNDP India.

Ashima Bhat, Group head – CSR, Business Finance and Strategy, Administration and Infrastructure, HDFC Bank said, “Through Parivartan, we have already impacted over 8.5 crore lives across the country. Environmental, Social and Governance (ESG) considerations are embedded in our ethos, which reflects our unwavering commitment towards a sustainable future. The Swachhta Kendra in Greater Noida promotes a model of segregation and collection, improving the use of resources and promoting the well-being and livelihoods of Safai Sathis as well as for the city. We are confident this will help the city manage its dry waste better and protect the environment from non-biodegradable and harmful waste.”

Notably, HDFC Bank and UNDP are working together on Dry Waste Recycling and Management project in five cities including Dehradun, Delhi, Panaji, Rishikesh, and Uttarkashi – as part of the Dry Waste Management Programme.

“Effective and sustainable waste management is a pre-requisite for any smart city. GNIDA is committed to bringing state-of-the-art infrastructure to Greater Noida and improving its residents’ standard of living. The MoU signing is a reflection of this vision,” said Narendra Bhooshan, CEO, GNIDA.

“The plastic waste management program of UNDP is a unique attempt. It brings all the stakeholders in the waste value chain to demonstrate a sustainable waste management model in the country. We create a circular economy on plastics by closing the loop and connecting the plastic recycling value chain players, from waste collectors to recyclers,” added Srikrishna Balachandran, project manager, and OIC Plastic Waste Management program UNDP.

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