Blitz Bureau
India, the world’s third-largest producer of e-waste, faces numerous challenges and opportunities in managing the vast amounts of electronic waste generated due to robust personal consumption, massive digitalisation, booming startups, and the growth of artificial intelligence and information technology.
The challenges primarily lie in ewaste management, while the opportunities emerge from the potential for revenue generation and employment creation. Therefore, e-waste could play a vital role in driving the economy and ensuring sustainable development.
Revenue opportunities
An extensive report by Astute Analytics on India’s e-waste market reveals that “the hidden treasure trove of valuable metals offers revenue opportunities of US$ 3,428.75 million by 2032 in India’s e-waste management market.” This highlights the alignment of e-waste management with sustainable development goals, where recycling and extraction of valuable metals could contribute both economically and environmentally. The report also highlights the contrast: failure to properly recycle ewaste results in a loss of billions of dollars globally. In India, 82 per cent of e-waste comes from personal devices, of which only 30 pc was recycled in 2023. On the brighter side, the growth of small cities and urban areas, where affordability matters, has exceeded the demand for refurbished and recycled products. This shift, driven by secondary users, has created a vertical market segment for e-waste recycling and employment generation in parallel.
Multifaceted challenges
India’s e-waste management challenges are multifaceted. The ewaste management requires capacity building, tailored regulations, and proper support mechanisms for recycling and disposal. Key issues include insufficient infrastructure, lack of investment, unskilled labour, and most importantly, the unregulated, informal sector, which controls around 90 per cent of collection and 70 pc of recycling in the e-waste market.
The informal sector poses significant threats to socio-economic development and creates major obstacles for the growth of the formal e-waste sector. Due to the unregulated nature of the informal sector, exact data on e-waste generation is unavailable. Without this data, it is difficult to formulate strategies for establishing collection centers and recycling facilities on a factual, geographical, and equitable basis. In 2023, the total global volume of e-waste was estimated to be 61.3 million tonnes, with India contributing 3.2 million tonnes annually. This is expected to increase to about 5 million tonnes by 2030. Despite the huge potential of the e-waste market, revitalising the formal sector through a multi-stakeholder approach is critical.
Government initiatives
According to official data from the Ministry of Electronics and Information Technology, only 32.9 per cent of India’s e-waste undergoes proper recycling. Currently, only about 5 pc of e-waste is actually recycled in the formal sector, which is also deprived of state-of-the-art technologies and eco-friendly processes. Additionally, the roles and responsibilities of various stakeholders in e-waste management are often poorly defined.
To address these e-waste challenges, the Government has implemented new policies, including e-waste absorption and recycling strategies, effective from April 1, 2023. These policies focus on Extended Producer Responsibility (EPR). India’s 2022 e-waste rules introduced EPR and proper classifications for over 100 electronic products, requiring compliance in e-waste segregation and collection.
Consumer awareness and formalising the e-waste sector are key to improving recycling standards and promoting eco-friendly disposal practices, which will, in turn, promote growth in the e-waste management sector.