E-waste recycling business

Today Start your E-waste recycling business in India

WHAT IS RECYCLING

Recycling means recovery & reprocessing of waste material to use in new product. Materials which can be recycled are iron & steel scrap, aluminum cans, glass bottles, wood, plastic & paper which serves as substitute for raw material obtained from scarce natural resources like petroleum, natural gas, mineral ores, coal & trees. 

Mainly two types of recycling operations are internal recycling & external recycling. Internal recycling means when the reuse in the manufacturing process of materials that are waste product of that process is done which is common in metal industry. External recycling means reclaiming of material from a product that has been worn out or rendered useless & obsolete.

E-waste is now the fastest-growing waste stream, with computer equipment accounting for about 70% of it, followed by telecommunications (12%), electrical equipment (8%), and medical equipment (2%). (7 per cent).

E-waste, without a doubt, poses a significant environmental threat. It does, however, create enormous opportunity for entrepreneurs prepared to take the risk. According to a recent report by Assocham-Ckinetics, India is the world’s fifth largest e-waste producer, with annual e-waste creation anticipated to increase by 30% to 5.2 million metric tonnes (MT) by 2020, up from the current level of 1.8 million MT.

As a result, the e-waste recycling industry has a big revenue opportunity.

This study gives a quick rundown of the e-waste recycling industry’s criteria.

Importance of E-waste Management

According to the World Health Organization (WHO), when harmful elements leached from E-Waste come into direct contact with humans, animals, or the environment, health concerns and environmental degradation can occur. Lead (Pb), cadmium (Cd), chromium (Cr), and polychlorinated biphenyls (PCBs) are examples of poisonous materials (PCBs). Inhalation of hazardous gases, as well as the accumulation of toxins in soil, water, and food, can cause serious health problems. As a result, tainted water and food will enter the human food chain, with negative consequences.

This contamination endangers not just individuals but also the environment. The risks are particularly high in developing nations because some rich countries send their e-waste to for disposal. However, in light of the dangers of E-Waste, rules have been created that restrict the import and export of E-Waste. It has been discovered that worldwide e-waste has negative consequences not just for those who work with it, but also for those who live in its vicinity.

Due to a lack of understanding about E-Waste, it is difficult to manage it. As a result, a comprehensive recycling process must be implemented to protect us and future generations.

GOVERNMENT BODIES INVOLVED IN E-WASTE MANAGEMENT AUTHORIZATION:

  • Central pollution control board
  • Ministry of Electronics & Information Technology
  • State Board Pollution Board

GOVERNMENT SUBSIDY FOR E-WASTE RECYCLING PLANS:

Is there any subsidy for E waste recycling startup in India? Yes there is a recycling projects. The subsidy is from both the central government as well as state government .The CG gives a subsidy of 25% or equivalent to the state subsidy whichever is lower

Published by

Corpzo Ventures Private Limited

Category I Alternative Investment Fund Funds which invest in economically and socially viable early-stage StartUps, Small and Medium Enterprises and new businesses with unique products or services with high potential for growth. Several promotional and incentivizing initiatives have been taken by the government for such funds due to the growth prospect and employment creation fuelled by such funds. These funds have proved to be very helpful to the startup ecosystem in India. A] Category I comprises the following funds: ➲ Venture Capital Fund (VCF) Venture Capital Funds are Category I Alternative Investment Funds which provide funding to startups, early-stage venture capital projects or to a small or medium-sized business, to own a part of its equity. VC’s generally prefer funding businesses, that are already established or that are in their growth stage & have a long-term potential to mitigate their risk of losing investments. VC’s act as a pool which collects money from various investors who are willing to undertake equity investments in ventures. VC’s, in turn invest this money, in multiple prospective projects including start-ups and SME’s. Such investments are made considering a calculated risk after taking elaborate note of several factors linked to the growth of the projects they invest in. Unlike any collective investment schemes or mutual funds or hedge funds, investors of a VC get a pro rata share of every business the VC has invested in. High Net Worth Individual Investors, from India and abroad, who seek high risk-high return ratio highly prefer investing in Venture Capital Form of AIF, Thus, contributing towards the growth of our economy. ➲ Angel Fund [AF] An “Angel Investor” refers to an individual who is willing to invest in and “ANGEL FUND”. Angel funds are pretty much similar to Venture Capital Funds. The primary difference between the two is what money they use to invest. This kind of funds comprises of various “angel” investors who contribute to the pool of funds known as the “ANGEL FUND”. Such funds prefer to invest in early-stage or budding start-ups for their growth. When and “Angel Investor” invests in such funds, they are issued units of such fund. Angel Funds have a comparatively higher risk-return ratio. The source of returns on investments by such funds are the dividends from the profits that their investee companies make once they achieve growth and profitability.

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