India Now - page 27

WA S T E M A N AG E M E N T
COVE R S TORY
25
|
FEBRUARY-MARCH 2015
Enabling Factors
NexusNovus, a consultancy firm that provides support to busi-
nesses keen to enter the Indian market, lists the Government of
India’s adoption of stricter norms for treating hazardous indus-
trial wastes, rising public awareness and the demand for safe and
effective wastemanagement of domestic wastes and the corporate
sector’s increasing interest in the sector among reasons driving
the growth of the waste management industry. The Government
of India allows 100 per cent FDI under the automatic route for
For global players in the waste management products and
technology space, India is an extremely attractive and profitable
marketplace. MNCs have plenty of opportunities to partner with
both Indian private players as well as the government in PPP
mode to create integrated solutions in various waste manage-
ment areas like feasibility study, design and planning, technical
consultations, waste treatment technologies, restructuring of
existing waste collection systems, etc. For international inves-
tors, the sector becomes an all the more attractive investment
urban infrastructure areas
like urban transport, water
supply, sewerage and sewage
treatment subject to relevant
rules and regulations. This
includes waste management
as well, says Verma, adding it
is another incentive for inter-
national firms seeking a pres-
ence in the Indian industry.
Restrictions on landfill coupled
with shrinking landfill space
with the increasing urban and
rural population, have made it
imperative to use better man-
agement and new technologies
for managing waste. The gov-
ernment schemes and grants
for infrastructure development in small andmedium sized towns
are also encouraging operators to enter the space.
The consultancy firm points to the excellent opportunities for
international waste management players specialising in waste
management processes. The growing numbers of players in the
space includes: Attero Recycling Pvt Ltd, BASIXMunicipal Waste
Venture Ltd, Concept Biotech, E-R3 Solutions Pvt Ltd, G J Multi-
clave (Pvt) Ltd, EcoWise, Vermigold, SynergyWasteManagement
Pvt Ltd, A2ZGroup, AntonyWasteHandling Cell Pvt Ltd, Shivalik
Solid Waste Management Ltd, Greenobin, GreenPower Systems,
Ramky Enviro Engineers Limited, Synergy Waste Management
Pvt Ltd, Tech Logic Unit II (e-Waste Recyclers), Timarpur Okhla
Waste Management Company Pvt among others.
The financial support for
many waste treatment
plants is provided by
the government...these
incentives draw investors
to set up facilities...”
Ambarish Kumar Verma
,
CEO, NOVONOUS
destination due to the fiscal incentives being offered by the Gov-
ernment of India. These include 100 per cent tax deductions on
gains and profits to companies that handle waste management
projects; electricity taxes and excise duty with exemptions and
concessions and waiver of customs duty on certain material
imports meant for generating renewable energy.
In conclusion, with government and institutional impetus
and the increasing engagement of the private sector, civil
society and experts in the waste management industry in the
country, India is adopting lucrative and sustainable models for
turning its growing waste to lasting wealth. Global players can
look forward to participate in this new venture.
(Based on interviews & secondary research)
4PVSDF &"*
Source Storage
& Segregation
Collection &
Transportation
Dump
Sites
Waste
Transportation
Disposal in
Landfills
Recyclable Materials
Separated
MSW Collection to Disposal Value Chain
1...,17,18,19,20,21,22,23,24,25,26 28,29,30,31,32,33,34,35,36,37,...68
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