Recycling of waste has become a necessity for environmental as well as for economic reasons. Plastics wastes being recycled in our country for over three decades have not been in an organized and scientific way. With the availability of sophisticated recycling lines indigenously, it was felt that the recycling business will get organized, thus opening one more avenue for investment. This was also make available to the processing industry good quality recycled pallets for a host of applications at home. Expensive virgin material is being used in the absence of dependable recycled material for export of products such as garbage bags and liners, which are being imported by the European countries as well as the USA in very large quantities.PET Recycling is a quite new concept in India. Being an Eco-friendly plastic, it has very good present and future prospects. The recycling industry will provide employment to thousands all over the country in organized waste collection, encourage the municipal corporation to upgrade their garbage collection systems for the ease of separation, encourage new investments and also help the machinery suppliers to utilize their installed facilities to manufacture sophisticated recycling lines. With consumption of plastics in the country rising manifold during recent years, plastics waste management is emerging as a parallel industry with materials valued at around Rs. 2,500 crore recycled annually. Having invaded practically every other application such as packaging, consumer durables and disposables, industrial, electronics and telecommunications, medical and health care, building and construction, plastics as a group of materials have emerged as an unavoidable component of modern life. With the expected consumption of virgin plastics in India likely to range between three to five million tones, the waste generated would vary between one to two million tones every year. There is an urgent need for the plastics industry to take up definite initiatives like shared producer responsibility in respect of packaging waste recycling creating and planning strategies for plastic carry bags and providing dustbin culture. Pre processors were also essential for selective and appropriate recycling including technology-based incineration of uneconomical plastics waste. Regulating and controlling exploitation and diversification of plastics waste in India rests with the manufacturers, processors, packaging manufacturers, distributors, waste collectors, municipalities and local authorities and NGOs. Together they can upgrade the plastics waste industry, develop and implement waste management options through resource recovery by mechanical recycling, energy recovery and environment education awareness programme. The â€œcommercialâ€ sector that spans outlets that distribute and/or sell products or services to consumer represents a significant potential source of plastic for recycling. Items like packaging films, trays, soda and milk crates, food pails, industrial drums and stretch film have been recovered. The electronics and information technology industries also have a lot of scope to implement plastic recovery programs for durable goods, such as computers, automobiles, appliances, building and construction products. Durable goods have a successful history of being recycled and reused.