Mumbai, Nov 8 (Reporter) The EEPC India on Friday held an International Conference on Circular Economy here and released a "Knowledge Paper" containing recommendations for a green transition, especially for MSMEs, in the wake of the evolving regulatory landscape. The paper explores the vital role of MSMEs, the necessity of transitioning towards sustainable practices, and the potential of adopting circular economy principles. It also delves into the challenges and opportunities presented by the Carbon Border Adjustment Mechanism (CBAM) introduced by the European Union. The "Knowledge Paper" published by the International Council for Circular Economy (ICCE) provides a comprehensive insight into MSMEs' essential role in India’s green transition. In his address, EEPC India chairman Arun Kumar Garodia stressed the urgent need to shift from traditional "take-make-dispose" models to sustainable, circular business practices, which are essential for mitigating climate change and resource depletion. "The circular economy concept is critical for a paradigm shift that is essential for the long-term sustainability and resilience of the global economy. Currently, over 90% of global economic supply chains are built on "take-make-dispose" models. International trade has a pivotal role in fostering the circular economy by facilitating the exchange of goods, services, and knowledge that can contribute to resource efficiency, waste reduction, and sustainable consumption patterns," Garodia said. He stated that the introduction of new trade regulations such as CBAM and similar regulations being envisaged by other countries like the USA, Japan, and Korea are working as ice-breakers in raising global awareness that circular economy business models are indeed important for achieving competitiveness in future international trade. "The circular economy business models are thus offering a compelling opportunity for MSMEs to enhance their global competitiveness" the EEPC India chief said. It was highlighted that Delhi Mumbai Industrial Corridor (DMIC) is intended to be the manufacturing hub with a total of 24 industrial nodes across the corridor and hence implementing circular economy projects is all the more relevant. The conference saw a discussion on ways to circularise the engineering value chains and opportunities for MSME business collaborations. Eminent speakers and industry leaders including Axel Angeli, Cybernetician – Digital Future Evangelist, Director, Logosworld 50, Yoshiaki ICHIKAWA, Visiting Professor, Tama University, Ananta Vangmai, Founder, Revive Battery, B.V, Netherlands and Prarthana Borah, Vice President-Sustainability, Momentum India participated in the technical sessions...////...