India’s e-waste provides $6 billion financial alternative: Report

At present, solely 16 per cent of shopper e-waste in India is processed by formal recyclers. Regardless of projections of a 17 per cent CAGR progress within the formal recycling sector by FY35, it’s anticipated to deal with simply 40 per cent of India’s e-waste.

The sector faces stiff competitors from casual gamers who profit from decrease compliance prices and intensive assortment networks.

In the meantime, 10-15 per cent of e-waste stays saved in households, and 8-10 per cent leads to landfills, lowering total recycling effectivity.

To construct a sustainable e-waste administration ecosystem, the Indian authorities has launched the Prolonged Producer Accountability (EPR) framework. Initially voluntary in 2011, EPR has since developed into a compulsory system with outlined assortment targets for producers. Nonetheless, gaps stay attributable to low minimal EPR charges and inadequate formal recycling capability.

Strengthening formal recycling networks is vital to enhancing metallic restoration charges and maximising returns. This might slash India’s metallic import demand by as much as $1.7 billion, whereas making certain a gentle provide of high-value recycled metals.

Scaling formal recycling operations, strengthening regulatory enforcement, and incentivising round economic system practices can be essential for sustainable financial and environmental advantages, mentioned Juneja.