• Arnab Mahapatra

Objective: There are two specific objectives that the paper is likely to focus on: How valueless wastes are turned into ‘valuable wealth’ or how wastes are re-cycled to create value out of it and how markets are generated for such products. Methodology: The researchers focus on field survey to garner information. Also simple regression analysis is used to explain the data. Results: When wastes are recycled to be re-used through the creation of values out of it, markets are generated. Through such a value-creation and the subsequent market generation, employment opportunities are created. Social implications: The application of the circular economic framework to recycle and the subsequent re-use of wastes into new products lead to positive externalities on environment as wastes are substantially reduced. The value creation out of wastes through market generation results in employment generation at each stage of value creation. Policy perspective: The restorative feature of the circular economic framework underlines the value creation out of wastes to pave the way for effective waste management and the subsequent employment generation. Such an unconventional system must be promoted to safeguard environment from pollution and generate jobs so that the spectre of unemployment can be mitigated. Policy must be formulated to accommodate such an ecologically and economically sustainable production and consumption. Conclusion: The paper seeks to relook at and re-examine critically how the application of the circular economic framework in the context of weaving industry in Bishnupur, Bankura, West Bengal, and leads to value creation out of wastes to generate employment and reduce negative externalities to protect environment.

Bishnupur, Circular economic framework, Market, Negative externalities, Restorative, Sustainable development, Value-creation, Weaving.

"Value Creation through Circular Economy in Bishnupur’s Weaving Industry ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 5, page no.b540-b553, May-2023, Available :http://www.jetir.org/papers/JETIR2305173.pdf

"Value Creation through Circular Economy in Bishnupur’s Weaving Industry ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 5, page no. ppb540-b553, May-2023, Available at : http://www.jetir.org/papers/JETIR2305173.pdf