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All that Glitters is Treasure in “Scrap” The Indian Steel industry is moving in a fast pace, becoming the second largest producer of steel in the world; while it sounds gratifying, it does come with a price to the society in high energy usage, increase in harmful emissions and green house gases. The way out is efficient recycling of engineered goods there by saves energy, reduces emissions, conserves resources, saves foreign exchange, and creates large avenues for employment. For India being one of the fastest growing economies in the world, has taken long time to foray into the structured recycling business, it is believed to be one of the most unorganized sectors in India. Automobiles are among the most recyclable of engineered goods, offering rates of recovery up to ninety per cent. The recycling of vehicles at the end of life, in particular, presents a major challenge and a great opportunity in the Indian context. Up till now there were no regulations governing design and manufacturing vehicles for end-of-life ease of recycling, or standards regulating the operations of units engaged in breaking up old vehicles in India. Europe and Japan have stringent regulations governing these aspects.

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