The European Space Agency (ESA) has launched a crucial 'Zero Debris' approach and the 'Zero Debris Charter' to combat the rapidly increasing problem of space junk. This ambitious initiative aims to significantly reduce and ultimately cease the generation of new space debris in Earth and Lunar orbits by 2030 for all future ESA missions. The framework outlines revised internal space debris mitigation requirements for ESA, built upon over a decade of collaborative work. The 'Zero Debris' strategy is not limited to ESA's internal operations; it is a community-driven and community-building document designed for the global space community to foster collective action. Announced initially in June 2023 at the Paris Air Show, and with the Charter and Technical Booklet published in November 2023, the initiative encourages international partners and other space actors to adopt similar stringent paths. Key goals include guaranteeing successful disposal of satellites at their end-of-life, significantly improving orbital clearance (reducing the post-mission orbital stay to under five years), avoiding in-orbit collisions, and developing reliable active debris removal services. The urgency of this approach is underscored by the current orbital environment, which contains an estimated 130 million pieces of space debris larger than a millimeter, posing a severe threat to active satellites and future space endeavors. Without intervention, crucial orbital regions could become unusable. The initiative has already garnered support from over 100 partners and several non-European countries, highlighting its global relevance and the necessity for collective responsibility in maintaining a sustainable space environment. India, as a major space power, stands to benefit from and contribute to these global efforts.