A Behavior Model to Explore Circular Economy in Manufacturing MSMEs of Ahmedabad District
Keywords:
Circular Economy, Manufacturing MSMEs (Micro, Small and Medium Enterprises), Ahmedabad District, Behavior ModelAbstract
This research investigates the adoption of circular economy (CE) practices within manufacturing micro, small, and medium enterprises (MSMEs) in Ahmedabad District, India. The study aims to develop a model that explains the factors influencing the implementation of CE practices.
The research explores the contributions of these MSMEs to the circular economy, the challenges they face, and proposes potential policy mechanisms to support their integration. A survey questionnaire was developed and distributed to 300 MSMEs across the district. The responses provided valuable insights into the attitudes and readiness of MSMEs towards CE principles.
The analysis revealed a positive outlook and strong acceptance of CE practices among the surveyed MSMEs. The majority of respondents expressed a clear understanding of the benefits of CE and a willingness to implement them. Additionally, a high level of environmental commitment was found, indicating a strong focus on sustainability within these businesses. Notably, financial incentives emerged as a significant motivator for adopting CE practices, highlighting the importance of economic factors in driving sustainable business models.
These findings paint a promising picture of CE adoption among Ahmedabad's manufacturing MSMEs. However, the research acknowledges the need to address any existing challenges or areas where preparedness might be lacking. Further research is recommended to explore these specific hurdles and tailor interventions to overcome them. This would ultimately accelerate the successful implementation of CE principles within the district's manufacturing sector and contribute to India's broader circular economy framework.
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