Government stands firm on its resolve to push material recycling industry : Jyotiraditya Scindia
New Delhi: Union Minister for Civil Aviation and Steel Jyotiraditya Scindia said that Central Government stands firm on its commitment to the material recycling industry, a sector that needs to be encouraged and pushed forward in today’s world. Today the recycling industry contributes almost 10,000 crores to India’s GST and in the years to come it is expected to go up by 35,000 crore. The Union Minister was speaking at the plenary session of the 10th edition of the International Indian Material Recycling Conference organized by the Material Recycling Association of India (MRAI) in Kochi. “We are responsible as stakeholders for the generation that is yet to come, thus the material recycling sector is important,” he said.
Adding that India’s journey to the Amritkal will be visionary, the Minister assured full commitment to the circular economy and recycling sector of India and increase per capita consumption of Steel. He pointed out that 22% of our steel is produced through recycling, but we need to include the informal sector for the development of the sector as well and said, “For our commitment to Net Zero by 2070, we can look at short term goals by using energy efficiency tools by 20% by 2030.”
Stressing that the steel industry is the sub-segment of the recycling sector, it must be at the forefront of adaptation and mitigation by joining hands with the principle of 6 Rs which include Reduce, Recycle, Reuse, Recover, Redesign and Remanufacturing. The Minister envisioned that these principles of the six R’s must become the embodiment of every good corporate governance structure.
The Minister said that India under the leadership of Prime Minister Narendra Modi has shown the world that it has the capability to be a visionary in its outlook, to lead where no other country had led before . Adding that there are plenty of examples including how we handled Covid, the International Solar Alliance, the Minister said there are many firsts in India’s name. “On those lines, we are aiming for another leader in the sector of the circular economy including recycling .”
Scindia said steel is ideally best suited for the area of circular economy and the government is fully committed to the circular economy and recycling sector not only in India but across the world. The steel sector produces many forms of waste and the use of the waste across the world must be shown in multiple industries, he said. “We are working fervently on that goal,” he added.
Scindia said in the last 8 years India has produced 25 million tonnes of scraps and bought 5 million tonnes.
