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Untapped Waste Management Industry in India Could be Worth $13B by 2025
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Between India and “Swachh Bharat” lies an untapped waste management industry, which could be worth $13 billion by 2025, according to business organizations involved with waste management research.
The country produces approximately 62 million tons of solid waste per year. Out of that 62 million tons, 43 million is collected, 12 million is treated and 7 million is dumped. This annual figure is expected to increase to 436 million tons by 2050.
In India, 4.5 million tons of hazardous waste, 3 million tons of plastic waste and 3.2 million tons of e-waste are generated annually.
The Economic Times has the details:
Between an India which produces 62 million tonnes of solid waste every year and a 'Swachh Bharat' is an untapped waste management industry which has the potential to be worth $13 billion by 2025, according to business organisations dealing in waste management research.
Entrepreneurs are now urging the government to franchise the 'fragmented' waste management industry and give it industrial status, so as to explore the sector in an organised manner.
"Indian waste has big business potential; it's all set to become a $13 billion industry by 2025," Ritu Marya of Franchise India, a franchise solution company, told IANS.
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