MARGAO: Material Recycling Association of India successfully concluded its Asia’s biggest Recycling Business Summit 2021 at Taj Resorts & Convention Centre in Goa.
The inaugural event was chaired by the esteemed dignitaries, including Shri Sudhir Kumar, Adviser, NITI Aayog, Dr Sandip Chatterjee, Director; Scientist F, Ministry of Electronics and Information Technology, GOI; Dr . Anupam Agnihotri, Director, JNARDDC; Shri Sachin Shah, Fund Portfolio Manager, Emkay Investment Managers Ltd.
In his welcome address, Mr Sanjay Mehta, President of Material Recycling Association of India, urged India’s recyclers to come together in the face, arm twisting tactics applied by primary producers in pushing for BIS standards to put a curb on scrap imports.
Mehta added that MRAI is holding series of discussions with the concerned authorities to paint a clear picture.
Mr, Sudhir Kumar in his special address, assured that BIS standards will not be unfair to the industry players and urged recyclers to not to shy away from developing them.
Dr.Sandeep Chatterjee stressed the point that recycling is not an option but a necessity.
Earlier in the day, a session was held on ‘MRA for Secondary Aluminium Industry’ on the summit’s sidelines. Secondary producers voiced their concerns about the upcoming standardization for scrap before the representatives of Material Recycling Authority (MRA).
Jawaharlal Nehru Aluminium Research Development & Design Centre (JNARDC), Nagpurhas been appointed as MRA for developing quality standards for material recycling.
Shri Mohan Agarwal, Director MRAI discussed the key challenges and suggestions to the MRA from the recycling industry. He said, they have appeal to the government that they should consider on not stopping raw material flow by curbing import of scrap. Metal consumption is an important element of India growth story. Due to non-availability of specialize grade into domestic market, India import special grades of aluminium which is mostly used in Automobile Industry.
He further added that curbing imports will lead to challenges ahead of secondary manufacturers who are turning the wheels of circular economy in line with the Paris Pact.”
The members of MRAI appealed the MRA dignitaries – Mr Anupan Agnihotri & RN Chauhan- to consider and propagate the Industry message to concerned authorities.
Mr Sanjay Mehta, President of MRAI remarked, “We are happy to comply with the norms set. We are bringing metal in India with our imports. It is adding value to the Indian economy in a significant manner.”
In the E-waste recycling players has expressed cause of concern about the 20 per cent capacity utilization which is hampering the E-WasteIndustry despite of India is the 3 rd largest e-waste generation country.During the session. ALN Rao, CFO, Exigo and BK Soni MD, Eco Recycling has also attracted the Government attention on GST on purchase of E waste is 5% and the GSTon finished goods sold by the recyclers is 18%. Hence, most kabadiwalasbuy at 5% and sell the finished goods for cash. This is heavilyimpacting on the Revenue loss to the exchequer due to this GST rateflaw. Therefore, organized recyclers find it difficult to sell the downstream materials at a better rate.
Besides, MRAI Plastic Recycling Session also highlighted the proposed BIS standards being impose on Non-Prime Scrap Material with effect from 15th October 2021. Such imposition will have an adverse impact on 75000 MT export of plastic market and 5000 MSME Plastic Recycling units which provide the huge employment to rack pickers and more women’s from the weaker section of the society.