Dalmia Polypro Industries received a USD 30 million commitment from the US International Development Finance Corporation (DFC) for the construction of a plastic recycling facility in Maharashtra.

According to a statement from DFC, Dalmia, the company would raise the money for the new recycling facility in Nashik through external commercial borrowing (ECB).

It said the new facility will support improvements in India's plastic waste value chain and expand the capacity to reduce plastic waste, DFC's regional managing director for South Asia, Ajay Rao, said.

The statement said the facility will have a recycling capacity of 1,71,000 metric tonne per year, and help Dalmia Polypro develop food-grade recycled materials and applications.