E-waste is any electrical or electronic equipment that’s been discarded. This includes working and broken items that are thrown in the garbage or donated to a charity reseller like Goodwill. Often, if the item goes unsold in the store, it will be thrown away. E-waste is particularly dangerous due to toxic chemicals that naturally leach from the metals inside when buried. E-waste is electronic products that are unwanted, not working, and nearing or at the end of their “useful life.” Computers, televisions, VCRs, stereos, copiers, and fax machines are everyday electronic products. One of the goals of the law was to ensure the management of waste in an environmentally sound manner. One thing that’s grown significantly since then has been the e-waste recycling industry. This industry has the most proven way of keeping e-waste out of landfills or from being burned in incinerators.The recycling industry has been devoted to taking reusable parts from discarded electronic devices and recycling them for the benefit of local businesses and manufacturers.As the amount of e-waste keeps rising, so has this industry, which today creates hundreds of thousands of jobs across the world by recycling the electronics we no longer want.So why is this important for a business? Businesses can be held liable for the security of their clients and employee’s data being misused or stolen. Throwing out or donating your old business electronics can be a legal liability because of it.India ranks 177 amongst 180 countries and is amongst the bottom five countries on the Environmental Performance Index 2018, as per a report released at the World Economic Forum 2018. This was linked to poor performance in the environment health policy and deaths due to air pollution categories. Also, India is ranked fifth in the world amongst top e-waste producing countries after the USA, China, Japan, and Germany and recycles less than 2 per cent of the total e-waste it produces annually formally. Seelampur in Delhi is the largest e-waste dismantling centre of India. Adults as well as children spend 8–10 hours daily extracting reusable components and precious metals like copper, gold and various functional parts from the devices. E-waste recyclers use processes such as open incineration and acid-leeching. This situation could be improved by creating awareness and improving the infrastructure of recycling units along with the prevalent policies. The majority of the e-waste collected in India is managed by an unorganized sector. The recycling of e-waste serves a lot of useful purposes. For instance, include protecting human and environmental health by keeping those devices out of landfills Or recovering the parts within the devices that still have value, and providing manufacturers with recycled metals that can be used to make new products. One approach could be for units in unorganized sector to concentrate on collection, dismantling, segregation, whereas, the metal extraction, recycling and disposal could be done by the organized sector. Some of the electronic items only need to be repaired and can be resell in the market that give a good price.

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A E Waste Management Business is looking for investment . The company is a public limited company which is 2 years old . The company is into recycling of electronic items like laptop etc but right now there is no manpower or machinery to do any work . All the licences and NOCS are completed by the GPCB. The return on investment is 50%-70%. The stake provided by the business is 5- %. The Area of the land is 17000 sq ft.

Recycling of electronics items.

E-waste management is a great challenge for governments of many developing countries such as India. This is becoming a huge public health issue and is exponentially increasing by the day. In order to separately collect, effectively treat, and dispose of e-waste, as well as divert it from conventional landfills and open burning, it is essential to integrate the informal sector with the formal sector. The competent authorities in developing and transition countries need to establish mechanisms for handling and treatment of e-waste in a safe and sustainable manner.

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Less competition in the market as you have to apply for Licences from government which takes time and only 175 companies in India have this licence including us.

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