Is e-waste recycling profitable in India?
According to the study, 5 tonne of e-waste, which would come from about 183 computers, gives a huge profit of Rs 1,78,308. The input cost of 183 computers (from various market sources) is approx. 183×600 (inclusive of the logistics) = Rs 1,09800. Which means a good Rs 1,78,308 is the profit margin for the recycler.
How can I start e-waste recycling business in India?
Go to the State PCB and ask for permission to start an e-waste business. To apply for approval from the PCB, you need to submit several statutory documents. You will need the necessary approval from the Ministry of the Environment if you wish to import e-scraps as part of your e-waste recycling business plan.
Can you make money recycling e-waste?
Although these items have great potential of being a threat to the environment, you will be excited to know that you can make money from your piles of e-waste through recycling. That is, your e-waste can be recycled to produce a new product.
Is e-waste a good business?
In fact, research indicates that such facilities can actually be far more profitable than traditional mining. “The mining of e-waste, and production of pure metal ingots from it of copper or gold, promises to be a very profitable business,” said Macquarie’s Prof John Mathews.
Which country is best in e-waste management?
Since 1999, when reporting on the collection of e-waste was initiated in Norway, the collection rate has risen continuously. More than 143,790 tonnes of e-waste was collected in Norway in 2012. In 2013, the collection increased to 146,018 tonnes.
Is there money in e-waste?
Presently, the market size of e-waste in India is of 3.2 million MT and expected to touch to 20 million MT by 2020. In terms of value, it is presently of Rs 25,000 crore industry which is expected to touch Rs 125,000 crores by 2020.
What are the benefits of e-waste recycling?
5 benefits of recycling e-waste
- It protects the environment. Recycling e-waste can keep a range of harmful materials out of the environment.
- It reduces business costs.
- It supports non-renewable recycling.
- It shows your eco-friendly credentials.
- It’s super easy to recycle e-waste.
How much e-waste India produced in last 5 years?
The Global E-Waste Monitor 2020 shows that consumers discarded 53.6 million tonnes worth of electronics in 2019 globally, up 20 percent in 5 years. India generated 3.2 million tonnes of e-waste last year, ranking third after China (10.1 million tonnes) and the United States (6.9 million tonnes).