Feb 24, 2022
India hasn't been able to organise its secondhand market. If streamlined it can help multiple industries and have a positive impact on the environment.
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Attero Recycling was born in 2008 and is known for collecting and disposing of e-waste from over 1,400 cities in India.
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It has tied up with Samsung, LG, Hyundai and Maruti Suzuki to process used devices and parts — either to recycle or dispose of these safely.
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Reusing, recycling, repairing, refurbishing and sharing of products is called a circular economy. This practice has become a necessity in today’s world.
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India can generate $1 bn worth of gold from e-waste. In plastics recycling, it can create 14 lakh jobs and present a $2 billion economic opportunity.
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Steel recovery from end-of-life vehicles can give 8 million tonnes of steel in 2025, representing a $2.7 billion opportunity.
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This sector produces 10% of all humanity’s carbon emissions and is the second-largest consumer of the world’s water supply.
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Canvaloop develops fibres by using agro waste such as hemp. Its fibres require minimal water. It processes around 30 tonnes of agricultural waste every month.
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A circular economy cannot be functional without the participation of India’s 60 million MSMEs. The challenge is getting everyone to share knowledge.
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Reusing products and a frugal culture are not new. There are several thriving secondhand markets across the country selling reused products.
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It is time to take the circular economy up by a notch. Developing non-toxic materials and recyclable textiles has to be a priority.
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