Is waste recycling business profitable in India and why recycling is not a bankable venture in India?
The majority of us are aware of the negative consequences of not recycling unwanted materials, but we are unaware that recycling may be a profitable business. Anyone can make a lot of money in the recycling industry. All you need to do is be familiar with the recycling process for the goods you want to recycle. Paper can be recycled into reusable materials such as recycled paper products and paper pulp. This type of business is profitable, as there is a rising demand for recycled paper products in offices and households. Scrap paper is the main raw material needed to recycle paper, which comes at cheap prices. The business involves the complete steps related to the e-waste, i.e., from picking or collecting e-waste from different places to recycling them and making them useful in particular cases. The e-waste generation in India is very high, so this business is one of the most profitable businesses. Plastic Recycling is a profitable business. A chance to earn anywhere between Rs 1 lakh and Rs 20 lakh each month. Recycling costs money because the material must be hauled and managed before it can be used in new products. Recycling of MLPs is expensive as separating various layers of this packaging is difficult owing to adhesive nature of various layers, while single use plastics are a low value input for plastic recyclers to produce quality outputs. Non-recyclable materials are found in recycling bins where they are not turned into recycled material, instead get incinerated, go into the landfill, or dispose of themselves into the ocean, resulting in deploying natural resources. Poor waste management - ranging from non-existing collection systems to ineffective disposal -causes air pollution, water and soil contamination. Open and unsanitary landfills contribute to contamination of drinking water and can cause infection and transmit diseases.
- Badges
- Science topic
- Similar topics
- Geoscience
- Asia
- India