MRAI's 2 - Metalworldmetalworld.co.in/Newsletter/2015/Feb15/PDF/56.pdfMRAI's 2nd International...
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MRAI's nd 2 International Indian Metal Recycling Conference February 2015 56 Show Reports ndian Metal Recycling Industry, I which recycles metals like steel, aluminium, copper, zinc; majorly from automotive, power, infrastructure, construction and white goods industry, is set to register an annual growth of 11.4 per till the year 2020 and considering the growth potential, it needs immediate policy intervention, noted the Report 'Metal Recycling Sector: Contributor to National Wealth' published by Frost & Sullivan at the 'Metal Recycling Conference' organised by Metal Recycling Association of India (MRAI), an apex body of India's ferrous and non- ferrous metals recycling industry. The Conference was organised to discuss Prospects, Issues and Challenges of Indian Metal Recycling Industry. The Report was unveiled in the presence of Shri Vishnu Deo Sai, Minister of State, Steel and Mines, Government of India. Shri Subhash Desai, Minister of Industries, Maharashtra was also present on the occasion. The Report further noted that the potential of Metal Recycling industry is not fully utilised and hence, there is more burden on primary production resulting in depletion of natural resources. A strong policy regime can not only turn the fortunes of this industry favourably by throwing up immense economic opportunities; but will also help convert waste into wealth for the nation, said the Report. During the Conference, Metals Recycling Association of India, urged the Government to help the metal recycling industry which has been badly affected by heavy import duty, Special Additional Duty (SAD) regime and certain Free Trade Agreements (FTAs) with countries that is making metal recycling unviable for Indian industry. Association urged the Ministry of Steel and Mines to consider the removal of import duty and SAD that is levied on imported scrap products on immediate basis in the forthcoming Budget. Association pointed that immediate intervention by Government will only save the already bleeding industry from dying. Association also requested the Government of Maharashtra to create special recycling zones in the State. Responding to the request posed by the Industry, said Shri Vishnu Deo Sai, Minister of State, Steel and Mines, Government of India, "Metal Recycling Industry is certainly important as it converts waste material into wealth and thus protects environment, saves energy, health and natural resources. The Ministry will coordinate with the Finance Ministry and look into the aspects of import duty on scarp, SAD and FTAs with a view to solve the problems being faced by Indian Metal Recycling Industry. The Ministry will also look into the recommendations of the Joint Parliamentary Committee." Shri Subhash Desai, Minister of Industries, Government of Maharashtra, said, "As Metal Recycling Industry has suggested to the Maharashtra State Government to consider allocation of special Recycling Zones for Metal Recycling Industry, we will review the proposal." As per the Report, today, India's annual scrap consumption is INR 750 billion (20.40 million tonnes) and it imports 6.48 million tonnes of scrap at an estimated value of INR 390 billion to become the world's third largest importer of scrap. With a CAGR of 11.4%, the sector is poised to take the consumption to 30.03 million tonnes by 2020. Surprisingly, India's recycling rate is less than 20% where the world over, recycling has been accepted as a sustainable business model yielding higher revenues entailing saving the environment and tremendous amount of energy. MRAI said that with a view to ensure the fast track growth of the industry, Metal Industry Association of India has sought a framing and implementation of Metal Recycling Policy duly supported by an 'industry-status' recognition. MRAI's nd 2 International Indian Metal Recycling Conference
Transcript of MRAI's 2 - Metalworldmetalworld.co.in/Newsletter/2015/Feb15/PDF/56.pdfMRAI's 2nd International...
MRAI's nd2 International
Indian Metal
Recycling
Conference
February 201556
Show Reports
ndian Metal Recycling Industry, Iwhich recycles metals like steel, aluminium, copper, zinc; majorly
from automotive, power, infrastructure, construction and white goods industry, is set to register an annual growth of 11.4 per till the year 2020 and considering the growth potential, it needs immediate policy intervention, noted the Report 'Metal Recycling Sector: Contributor to National Wealth' published by Frost & Sullivan at the 'Metal Recycling Conference' organised by Metal Recycling Association of India (MRAI), an apex body of India's ferrous and non-ferrous metals recycling industry. The Conference was organised to discuss Prospects, Issues and Challenges of Indian Metal Recycling Industry. The Report was unveiled in the presence of Shri Vishnu Deo Sai, Minister of State, Steel and Mines, Government of India. Shri Subhash Desai, Minister of Industries, Maharashtra was also present on the occasion.
The Report further noted that the potential of Metal Recycling industry is not fully utilised and hence, there is more burden on primary production resulting in depletion of natural resources. A strong policy regime can not only turn the fortunes of this industry favourably by throwing up immense economic opportunities; but will also help convert waste into wealth for the nation, said the Report.
During the Conference, Metals Recycling Association of India, urged the Government to help the metal recycling industry which has been badly affected by heavy import duty, Special Additional Duty (SAD) regime and certain Free
Trade Agreements (FTAs) with countries that is making metal recycling unviable for Indian industry. Association urged the Ministry of Steel and Mines to consider the removal of import duty and SAD that is levied on imported scrap products on immediate basis in the forthcoming Budget. Association pointed that immediate intervention by Government will only save the already bleeding industry from dying. Association also requested the Government of Maharashtra to create special recycling zones in the State.
Responding to the request posed by the Industry, said Shri Vishnu Deo Sai, Minister of State, Steel and Mines, Government of India, "Metal Recycling Industry is certainly important as it converts waste material into wealth and thus protects environment, saves energy, health and natural resources. The Ministry will coordinate with the Finance Ministry and look into the aspects of import duty on scarp, SAD and FTAs with a view to solve the problems being faced by Indian Metal Recycling Industry. The Ministry will also
look into the recommendations of the Joint Parliamentary Committee."
Shri Subhash Desai, Minister of Industries, Government of Maharashtra, said, "As Metal Recycling Industry has suggested to the Maharashtra State Government to consider allocation of special Recycling Zones for Metal Recycling Industry, we will review the proposal."
As per the Report, today, India's annual scrap consumption is INR 750 billion (20.40 million tonnes) and it imports 6.48 million tonnes of scrap at an estimated value of INR 390 billion to become the world's third largest importer of scrap. With a CAGR of 11.4%, the sector is poised to take the consumption to 30.03 mi l l ion tonnes by 2020. Surprisingly, India's recycling rate is less than 20% where the world over, recycling has been accepted as a sustainable business model yielding higher revenues entailing saving the environment and tremendous amount of energy.
MRAI said that with a view to ensure the fast track growth of the industry, Metal Industry Association of India has sought a framing and implementation of Metal Recycling Policy duly supported by an 'industry-status' recognition.
MRAI's nd2 International
Indian Metal
Recycling
Conference
