# British International Investment commits Rs 205 crore to Magpet Polymers

British International Investment committed INR 205 crore (USD 24 million) to Magpet Polymers to build India's first integrated single-line bottle-to-bottle food-grade recycling plant in Kharagpur, West Bengal, with an annual capacity of 45,000 metric tonnes.

- Type: Investment
- Announced: 2024-10-24
- Where: Kharagpur, West Bengal, India
- Value: $24.0M (205.0M INR)
- Status: announced
- Capacity: 45,000 metric tonnes per annum
- Products: food-grade recycled PET pellets
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Magpet Polymers](https://endata.com/companies/80638.md)
- [British International Investment](https://endata.com/companies/13701.md) (investor)

## Sources

- [business-standard.com](https://www.business-standard.com/content/press-releases-ani/british-international-investment-commits-rs-205-crore-to-magpet-polymers-to-accelerate-circular-economy-in-india-124102400837_1.html), 2024-10-24: "This landmark investment will enable Magpet to expand its operations and fast-track the development of India's largest and first integrated single line bottle-to-bottle food-grade recycling plant."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.