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Metal Recycling Sector Needs To Be Recognised As An Industry

BUSINESS ECONOMICS

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January 1-15, 2019

India has wide scope for the metal recycling sector. According to recent industry estimates, the widely unorganised and fragmented sector has the potential to register an annual growth rate of 11.4% till 2020. On the flipside, the government is yet to recognise metal recycling as an industry.

- Saptarshi Deb

Metal Recycling Sector Needs To Be Recognised As An Industry

The sector presently employs around 1.75 million people and contributes around 2% of the national Gross Domestic Product (GDP). The recognition of this sector as an industry will give a strong push to it and its stakeholders. Leading the drive for its industrial recognition is the Mumbai-based Material Recycling Association of India (MRAI).

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