New-look E-waste policy in the making??
Rahat Maner, YES SECURITIES

New-look E-waste policy in the making??

The NITI Aayog and the Ministry of Electronics and Information Technology (MeitY) have been interacting with multiple stakeholders towards revamping the electronic waste policy. The whole idea is to adopt a circular economy approach and focus on the complete lifecycle management of products, the revised policy could allow companies to consider the total volume of electronic products recycled rather than only the amount of metal and rare earth mineral extractions. E-waste, generated from discarded electronic items, is rich in rare earth minerals and metals including #gold, #silver, #copper and #aluminium

The new policy will also seek to address sticky issues concerning waste collection and producer's responsibilities, besides offering attractive incentives to the industry. Estimates put e-waste growth in India at 10% annually, with significant recycling of e-waste happening in the non-formal sector which still employs outdated and hazardous methods. The government initiative is laudable given the seriousness of the challenge at hand.?

  • A Frost & Sullivan India report expects the total amount of e-waste in India to reach at least 11.5 million metric tonnes by 2025
  • According to the Global E-Waste Monitor 2020 report, India generated 3.2 million tonnes of e-waste in 2019, which was lower only than that of China (10.1 million tonnes) and the United States (6.9 million tonnes)
  • As per the Central Pollution Control Board (CPCB) , India collected a mere 10% of the e-waste generated in 2018-19

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KRISHNAN N NARAYANAN

Sales Associate at American Airlines

1 年

Great opportunity

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CHESTER SWANSON SR.

Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer

1 年

Thanks for the updates on, The Acumen.

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