India is the 5th largest producer of e-waste in the world, discarding roughly 18.5 lakh metric tonnes of electronic waste each year. The unorganized sector in India is estimated to handle around 95% of the e-waste produced in the country. In this article we explore some Organised players in the e-waste recycling space.
To Tackle the growing e-waste, Government of India in 2016 under the Extended Producers responsibility has mandated that electronic manufacturers must:
1.Ensure 30% e-waste collection by 2018 & 70% by 2023
2.Establish Take-Back Collection, e-waste collection and Refund Schemes
3.Set up recycle Eco System involving authorised recyclers
4.Set up Publicity and awareness programs
With these new guidelines in place manufactures will look to have a long term tie-up with e-waste management firms. As a result an upward trend in growth for e-waste management solution providers can be expected and more organised players will emerge in this space.
E-waste Recycling will Globally be a $49.4 Billion Market by 2020
The e-waste recycling market is currently growing at a CAGR of 23.5%. It has been observed that Computer related e-waste and telecom equipment are the largest contributor to the growing e-waste in India.
E-Waste Companies in Top Indian Cities
It is interesting to note that 95% of the sector is still unorganized. With no clear market leader , there is lot of scope for disruptive players to enter this segment. In this article we focus on the large and organised companies across India engaged in E-Recycling. It is noteworthy that Karnataka has the maximum number of e-waste companies followed not so closely by Maharashtra and Haryana.
Here is a list of large organised players operating in the top cities of India –
- GREENSCAPE – New Delhi
- E-PARISARA – Bangalore
- RAMKY E-WASTE – Hyderabad
- PALCO E-WASTE – Ahmedabad
- INFO TREK – Mumbai
- DAKSHA E-WASTE – Pune
- ULTRUST – Chennai
- GREEN LEAF – Jaipur
- WEENSURE- Gurgaon
In conclusion, we anticipate major activity in the E-Waste management space as manufacturers partner with 3rd party providers to fill the current gap in the e-waste eco-system.
Here is one example of a similar tie – up.
Indian electronic equipment recycling major Infotrek Syscom Ltd, Mumbai acquired European e-waste management technology, for its subsidiary Eco Recycling ltd (Ecoreco) which manages both electrical and electronic waste. Ecoreco’s electrical and electronic waste management facility (WEEE) with the help of the new dry process technology destroys confidential data and information. The mobile shredding facility has an in-built facility to record the entire process of data destruction.
Consequently many manufacturers will now be looking to collaborate with similar companies who have a smart e-waste management infrastructure established.