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.
Is e-waste recycling a profitable business 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 do I start an electronic recycling business?
How to Open an Electronic Recycling Company
- Do your research. Become knowledgeable about state and federal laws regarding electronic recycling. …
- Create a business plan. Learn more about the part of electronics recycling that works for you. …
- Obtain any necessary permits or licenses. …
- Run your business ethically and legally.
How much does it cost to start a recycling business in India?
Thus overall it would cost you around 20 lakhs. The machinery, equipment, land, electricity, labor can be arranged in the only investment of around (3-15) lakhs based on the scale of your business.
Is e-waste profitable?
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.
Is recycling business profitable?
The cost of processing any commodity at a recycling facility is about $75 per ton. … In the case of cardboard, each ton would earn a profit of $50 per ton, to be split by the municipality and recycling company. Paper would earn a profit of $5 per ton, to be split by the municipality and recycling company.
Where can I sell e-waste in India?
Attero, India’s first e-waste recycler registered with CPCB, Environment-Forests Ministry. Attero Recycling allows you to sell your old electronics at the best prices in five easy steps.
How do e-waste companies make money?
The e-waste collected by the company is segregated and usable devices are refurbished. These are then sold through online marketplaces and a dealers’ network. The waste which is of no use is broken to extract commodities like copper, aluminium, iron, etc., which are sold to foundries.
How much money is in e-waste?
The United States generated 6.92 million tons of e-waste, about 46 pounds per person, in 2019. It recycled only 15% of the material. The value of the raw materials contained in the e-waste produced in the U.S. during 2019 was $7.49 billion.
What is the cost of e waste recycling plant in India?
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|E-Waste Recycling Plant||E Waste Recycling Plant|
|₹ 36.12 Lakh/ Set||₹ 15 Lakh/ Unit|
|Automation Grade||–||Semi Automatic|
Which recycling business is most profitable?
There are a multitude of different types of recycling businesses, and each of them has different levels of profitability, but the most profitable recycling businesses are waste paper recycling companies.
How many e waste recycling companies in India?
India now has 178 registered e-waste recyclers, accredited by the state governments to process e-waste. But many of India’s e-waste recyclers aren’t recycling waste at all.
Can I start a recycling company?
The budget should include costs for procuring the licenses and permits, a space to store and recycle the materials, wages for any employees you will be hiring, machinery and tools required for recycling, money to purchase the recyclables and vehicles for transportation.
Which is the best recycling business in India?
15 Recycling Business Ideas in India
- #1. Aluminum Recycling.
- #2. Battery Recycling.
- #3. Bookbinding & Repair.
- #4. Cartridge Refilling.
- #5. Construction Waste.
- #6. Cooking Oil.
- #7. Electric Wire.
- #8. e-Waste Recycling.
Can I start plastic recycling business?
Make a business Plan
You can talk to different authorized placements of recycling bins to receive more plastic wastes. Plan everything according to the area you want to start your business at and you can also talk to different shops or organizations who can provide you with the waste plastic material.