Material Recycling Association of India (MRAI) hosted the 6th edition of the International Indian Material Recycling Conference (6th IMRC) on 3rd – 4th February in Kochi. The theme of the conference was to dwell upon the “Role of Recycling Policy in India’s Circular Economy”, focusing on various challenging issues and the solutions to ensure the survival of the recycling sector in India. SteelMint attended the conference and the Key Takeaways were as follows:
–The President of MRAI, Sanjay Mehta expressed that now we want to spread the message further and make sure that the importance of better recycling practices and upcoming impact of policy, & execution of these policies is at the forefront of everyone’s mind.
—Mr. Sunrendra Borad Patawari, Chairman Gemini Group highlighted “We need to develop infrastructure for collection, sorting of scrap, bailing and efficient waste transport vehicles. While promoting the exports we should not make the same mistake which the United Arab Emirates made in the plastics recycling industry. It set up the recycling industry without ensuring the availability of a reasonable quantity of scrap”
–For the proper recycling of the Scrap Material in India, the earliest implementation of Material Recycling Policy is the need of the Industry. Over the period of time, Niti Aayog has initiated the work on the Material Recycling Policy draft which is now available for Union Cabinet discussion and further approval. MRAI and KPMG worked together as a domain knowledge partner for the preparation of the National Material Recycling Policy.
As per the NITI Aayog update, if this policy rolls out, the potential to generate substantial gross value addition to the economy will be approximately about INR 10 Lac crore by 2025.
–Mr Sanjoy Ghosh, Head supply chain management, BSRM shared that Per capita consumption has doubled in 5-6 years to 45 kg in 2018 from 25 kg in 2012 and by to 2020 to reach 74 kg. Domestic consumption is very good, lot of SEZ projects in pipeline. BSRM booked 4 cargoes around 160,000 MT in Jan’19 on good demand. However, serious port congestion issues persist.
–Countries like South Korea, Bangladesh, Vietnam and South America are likely to remain emerging markets for ferrous scrap in 2019. Also Egypt scrap consumption is on rapid pace
–Mr. Gopal Gupta, Luxcon Group highlighted Industry is moving up rapidly, Global production of stainless steel at highest 5.4% CAGR followed by Copper (2.7%), Aluminum (3.9%), Carbon Steel (2.4%) over 1980-2017. 80% production is from stainless steel SS scrap 304
–Mr. K C Raut, Additional Director, DGFT shared MRAI is working hard to be a mediator between present situation of recycling industry and better and safer environment future. The Government has been trying its best to reduce the transaction cost by eliminating PSIC certificates at all major ports which has started for 9 ports at the moment and remaining ports to follow the same in near future.
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