Indian Metal Recycling Industry, which recycles metals like steel, aluminium, copper, zinc; majorly from automotive, power, infrastructure, construction and white goods industry, is set to register an annual growth of 11.4 per till the year 2020 and considering the growth potential, it needs immediate policy intervention, noted the Report ‘Metal Recycling Sector: Contributor to National Wealth’ published by Frost & Sullivan at the ‘Metal Recycling Conference’ organized by Metal Recycling Association of India (MRAI), an apex body of India’s ferrous and non-ferrous metals recycling industry.
A three-day Conference titled ‘Metal Recycling in India Vision Forward – A Clean, Green India’ commenced here in New Delhi today. Shri. Narendra Singh Tomar, Union Minister for Steel, Government of India inaugurated the Conference. Dignitaries from the Government and stakeholders of Metal Recycling Industry were present at the inauguration. On the second day, Smt. Aruna Sundararajan, IAS, Secretary, Ministry of Steel, Mr. Balvinder Kumar, IAS, Secretary, Ministry of Mines, Smt. Poonam Maddam, Hon’ble MP, Jamnagar will address the conference.
The report on metals recycling industry noted that the potential of Metal Recycling Industry is not fully utilised and hence, there is more burden on primary production resulting in depletion of natural resources. A strong policy regime can not only turn the fortunes of this industry favourably by throwing up immense economic opportunities; but will also help convert waste into wealth for the nation, said the report.
Expressing his view Mr. Sanjay Mehta, President, Metal Recycling Association of India, said,
“Recycling sector must be supported and promoted so that end of life automotive vehicles/white goods/revert scrap are disposed-off in a safe manner and are utilized back into the ecosystem thereby facilitating towards providing a tremendous boon to the Indian economy.”
Talking about expectations from the government, Mr Mehta further added,
“When Global Recycling Industry generates an annual revenue of $ 500 billion, India is lagging much behind. Government should immediately intervene and draft a Metal Recycling Policy to grant industry status to this sector and rationalise duty structures to make it a globally competitive industry. With this, the government will be a net revenue earner and it will save the environment and energy. With a better flow of raw material in manufacturing through recycling of metals, the industry can thus help achieve government its mission of Swatch Bharat Abhiyaan and Make in India.”