India losing waste recycling biz due to inefficient scrap management sector: NITI Aayog

Key Highlights

• However, the current waste recovery systems capture only 18 per cent of this potential, leading to the loss of a huge opportunity due to poor processing and inefficiencies in the informal sector, said the report on e-waste.
• In the waste tyres category, the report said the country is losing Rs 7,500 crore of revenues due to the lack of standards for recycled products.
• The think tank highlighted the potential of the recycling sector in the circular economy as well as challenges, while recommending certain measures for the government.
• The reports — ‘Enhancing Circular Economy of End of Life Vehicles (ELVs) in India’, ‘Advancing Circular Economy of Waste Electronic and Electrical Equipment (E-waste), and Lithium-Ion Batteries in India and Waste Tyres’ — were released at the International Material Recycling Conference (IMRC) 2026 here.
• The three-day event organised by the Material Recycling Association of India (MRAI) concluded on Thursday.