India’s Waste Treatment Market to 2025
Irish market research store Research and Markets is offering a new report on the “Waste to Energy and Waste Management Market in India – 2019”.
According to the information, the Indian garbage will offer a business opportunity of 14 billion US-Dollar by 2025 for the waste treatment industry. The growing economies across the globe are observing an increase in urban population, rise in per capita income level and increasing consumption level. “With India growing on similar grounds, increase in purchasing power has led to more affordability and accessibility of the resources that increased the levels of municipal as well as industrial wastes across the Indian states.” In the country, close to 62 million tons of waste is generated on an annual basis “which will increase by two times by 2030,” the authors of the report stated.
The increase in municipal solid waste (MSW) and industrial waste has led to a rise in public health concerns and environmental impacts due to the production of greenhouse gases. Of the total generated municipal solid waste, close to 45 percent is actually treated. More than 50 percent of the total solid waste generated remains untreated and dumped on the landfills due to the lack of efficient waste management system in India. “As municipal solid waste (MSW) holds close to 75 percent of the total waste generated in India, there lies an investment opportunity for the private players to convert a pile of garbage into the income streams,” Research and Markets underlined.
Business opportunities
■ In 2017, the Indian company NTPC invited national and international players to set up about 100 waste-to-energy pollution free plants across the country, one could read in “The Economic Times”.
■ India has the potential to generate approximately three gigawatts (GW) of electricity from waste by 2050.
■ The government allows 100 percent FDI (foreign direct investment) under the automatic route for urban infrastructure areas including waste management subject to relevant rules and regulations.
■ The central government has been implementing Swachh Bharat Abhiyan (a nation-wide campaign in India for the period 2014 to 2019 that aims to clean up the streets, roads and infrastructure of India’s cities, towns, and rural areas), emphasizing waste management at different stages of generation, collection and disposal.
■ Municipal solid waste management sector in India is projected to see capital and O&M (operation & maintenance) requirement of close to 65 billion US-Dollar by 2030.
■ India has the potential to generate approximately 90 million tons/year of waste by 2030-2032.
■ High population growth and changing lifestyles would increase the waste volumes in India.
Photo: Kjell Meek / Pixabay
(GR 22019, Page 11)
