The government is planning to revamp the electronic waste policy, focusing on complete lifecycle management of products and offering incentives to make it an attractive proposition for the industry, said officials. The revised policy could allow the industry to take into account the total volume of electronics products recycled instead of the amount of metals and rare earth minerals extracted from these products, they said.The Niti Aayog and the Ministry of Electronics and Information Technology ( MeitY ) have held multiple stakeholder consultations to firm up the policy and it may be released soon, said the officials. India collected just 10% of the e-waste estimated to have been generated in the country in 2018-19 and 3.5% of that generated in 2017-18, said a recent report by the Central Pollution Control Board.According to estimates from Frost & Sullivan, the total amount of e-waste in India is estimated to reach at least 11.5 million metric tonnes by 2025. India has nearly 450 registered e-waste recyclers. Experts also suggest that the e-waste management sector is likely to grow at a compound annual growth rate of up to 14% in revenue till 2025.

Source: Economic Times May 19, 2023 07:06 UTC