“India Looks to New Policies to Promote Scrap Metal Recycling” – Metal Miner, 23 February 2015

India’s recycling rate is the one of the lowest in the world, hovering around 25%, while the US’s rate has climbed, now sitting at 90%. India’s recycling rate remains poor because the government is fairly indifferent, and because the population is unaware of the advantages of recycling. The country’s low recycling rate is a stressor on India’s primary production — constantly having to manufacture primary metals instead of recycling scrap has weakened India’s natural resources.

Prime Minister Narendra Modi’s main objective is to push India’s government to become generally proactive and organizations are beginning to take notice. The Metal Recycling Association of India has petitioned the government to create and enforce a metal recycling policy. Recently, there was a 2015 Metal Recycling Association of Indian International Conference in Mumbai, where the participants detailed what they believe India’s government should do to boost scrap recycling, including, “Remove the basic import duty of 5% on steel scrap, give it industry status, subsidize lending rates, allow Foreign Direct Investment and increase financing facilities,” which would make scrap recycling more attractive to bigger companies.

India is growing as a leader in the motor vehicles industries — the country is seventh-largest in the automobile industry and second-largest in two-wheeled vehicles, like scooters and motorcycles. Having a fluid recycling practice would let those industries develop even more in India. Currently, India’s stainless steel factories utilize 53% scrap in their manufacturing processes, while US factories use 76%.

For developing country like India with culture of “nothing goes wasted,” it is imperative that India extrapolates her recycling from “personal ” to “industrial.” India should look to developed countries to further understand how to advance its recycling system, so that it may take advantage of secondary materials, rather than constantly having to create primary materials, a harmful practice for the country.

(From Metal Miner)

Developed and Written by Dr. Subodh Das and Tara Mahadevan

April 3, 2015

Phinix LLC

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One thought on ““India Looks to New Policies to Promote Scrap Metal Recycling” – Metal Miner, 23 February 2015

  1. Pingback: “Norsk Hydro to acquire German aluminum recycler” – Recycling Today, 3 March 2015 | Phinix, LLC

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