{"id":52700,"date":"2023-02-20T18:10:06","date_gmt":"2023-02-20T12:40:06","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=52700"},"modified":"2023-02-20T18:10:08","modified_gmt":"2023-02-20T12:40:08","slug":"e-waste-recycling-business-model-for-the-msme-sector","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/e-waste-recycling-business-model-for-the-msme-sector\/","title":{"rendered":"E-Waste Recycling Business Model for the MSME Sector"},"content":{"rendered":"\n<p>The\nmanagement of E-waste has become a growing concern in this era. The tremendous\nincrease in the growth of the IT sector has fuelled electronic penetration into\nan everyday product. The increase in the demand of consumers for electronic\ngadgets and growing requirements for upgrading to new technology cause E-waste\naccumulation.<\/p>\n\n\n\n<p>Some\nof the E-waste is hazardous; therefore, this waste can&#8217;t be treated the same as\nsolid waste as it contains some toxic metals such as lead, arsenic, and\nmercury. So proper waste management is needed to treat the E-waste.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/e-waste-recycling-business-model-for-the-msme-sector\/#The_Potential_of_E-Waste_Recycling_Businesses\" >The Potential\nof E-Waste Recycling Businesses<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/e-waste-recycling-business-model-for-the-msme-sector\/#A_Step-By-Step_Guide_for_an_MSME_Sector_to_Start_Its_E-Waste_Recycling_Business\" >A Step-By-Step\nGuide for an MSME Sector to Start Its E-Waste Recycling Business<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/e-waste-recycling-business-model-for-the-msme-sector\/#Procedure_for_a_company_to_register_as_MSME\" >Procedure\nfor a company to register as MSME<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/e-waste-recycling-business-model-for-the-msme-sector\/#CPCB_Guidelines_for_E-Waste_Recycling_Business\" >CPCB\nGuidelines for E-Waste Recycling Business<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/e-waste-recycling-business-model-for-the-msme-sector\/#Documents_Required_For_Registration_for_E-Waste_Recycler\" >Documents Required For Registration for E-Waste\nRecycler<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/e-waste-recycling-business-model-for-the-msme-sector\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Potential_of_E-Waste_Recycling_Businesses\"><\/span><strong>The Potential\nof E-Waste Recycling Businesses<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If\na country faces tremendous growth in the electronic industry, simultaneously, there\nis exponential growth in E-waste. As the volume of E-waste grows, electronic waste\nrecycling becomes more important. E-waste can&#8217;t be considered trash since it\nhas toxic elements hazardous to the environment. But efficient use of E-waste\nmanagement may turn this E-waste into a profit-making business.<\/p>\n\n\n\n<p>Electronic waste\ncontains a great degree of precious metals. After the E-waste has been\nrecovered, proper processing can derive the valuable metals. A properly identified plan can make the e-waste\nrecycling business model profitable. <\/p>\n\n\n\n<p>The MSME sector can\ninitiate the E-waste recycling business with a proper business plan. However, significant capital investment is required\nto start an e-waste recycling business. To begin with, an initial investment is\nneeded to get licenses and permission from government authorities. The business\nalso needs a proper dump yard and a place to run your company.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A_Step-By-Step_Guide_for_an_MSME_Sector_to_Start_Its_E-Waste_Recycling_Business\"><\/span><strong>A Step-By-Step\nGuide for an MSME Sector to Start Its E-Waste Recycling Business<\/strong><strong><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Market\nAnalysis<\/strong><\/h3>\n\n\n\n<p>The\nfirst step in setting up any recycling business is market research. It is\nessential to thoroughly study electronic waste (E-Waste) and its recycling\nmethods before planning for the E-waste recycling business. Prepare a market\nanalysis based on the availability of the type of electronic waste, its\nproperties and methods to dismantle the E-waste. Plan for the raw materials availability\nnearby, either from EEEs or individuals, to avoid the maximum investment in\ntransportation costs. &nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Choosing\nthe type of E-waste Management<\/strong><\/h3>\n\n\n\n<p>Choosing the service you can provide as an\ne-waste recycling business is essential. The E-waste items selected will be\nprimarily determined by how the local retailers and wholesalers will value\nthem. Depending upon the market analysis and consumer needs, a business should\nchoose an E-waste service from different fields like data destruction, e-waste\ncollection, reconstruction and re-sale of old electronic items, and\nde-fabrication and distribution of unused electronic components.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Business Strategy<\/strong><\/h3>\n\n\n\n<p>Plan a proper <strong><a class=\"text-primary\" href=\"https:\/\/corpbiz.io\/business-plan\">business strategy<\/a><\/strong>, this plan is crucial for the long run of the\nbusiness, and it also serves as a road map for its future operation. The plan\nshould comprise the following.<\/p>\n\n\n\n<ul><li>Cost\nof investment, both initial and approximate running cost.<\/li><li>List\nof companies or any local bodies from where the E-waste is going to be\ncollected.<\/li><li>List\nof needed equipment\/machinery<\/li><li>Workforce\nestimation<\/li><li>Estimating\nthe production capacity<\/li><li>Based\non the market analysis, finalise the cost of the end product, either the\nrepaired and re-sale product or recycled product.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Suitable\nLocation<\/strong><\/h3>\n\n\n\n<p>Before starting a business, it&#8217;s essential to\nfind a location for the business. Starting a business\nin a location where resources such as raw materials, water availability,\nelectricity availability, and transportation facility are available. The space\nshould be accommodative for all the operations like E-waste storage,\nsegregation, dismantling, shredding, final storage area and packing end products\narea. The key thing is that the\nspace should be accessible to heavy trucks and vehicles to move large\nelectronic waste such as televisions and other large items in and out of your\ngarage.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Legal\nPermit<\/strong><\/h3>\n\n\n\n<p>Getting\na legal permit as an <strong>MSME<\/strong><sup><a class=\"text-primary\" href=\"https:\/\/msme.gov.in\/\"><strong>[1]<\/strong><\/a><\/sup> and E-waste recycler is an important step in E-waste\nrecycling. First, the company should be registered with MSME, and later, the\nbusiness should get proper permission from CPCB\/SPCB for authorisation to start\nan E-waste recycling business.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Procedure_for_a_company_to_register_as_MSME\"><\/span><strong>Procedure\nfor a company to register as MSME<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The\ngovernment has classified the business into micro, small and medium enterprises\nbased on annual returns and investments.<\/p>\n\n\n\n<table class=\"wp-block-table table table-bordered\"><tbody><tr><td>\n  Criteria\n  <\/td><td>\n  Micro\n  <\/td><td>\n  Small\n  <\/td><td>\n  Medium\n  <\/td><\/tr><tr><td>\n  Investment&amp;\n  Annual Turnover\n  <\/td><td>\n  Less\n  than 1 crore and less than 5 crore\n  <\/td><td>\n  Less\n  than 10 crores and less than 50 crores\n  <\/td><td>\n  Less\n  than 50 crores and less than 250 crores\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Registration\nProcess<\/strong><\/h3>\n\n\n\n<p>To\nregister a company under the MSME Act, Aadhar number is compulsory. Any\nenterprise that comes under the definition of MSME can apply for the Udayam\nregistration under MSME Act to get the benefits provided by the government\nunder MSME Act.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Documents Required For MSME Registration<\/strong><\/h3>\n\n\n\n<ul><li>Aadhar\nCard<\/li><li>PAN\nNumber<\/li><li>Address\nof the business<\/li><li>Bank\nAccount Number<\/li><li>Investment\nDetails<\/li><li>Plant\nand equipment details<\/li><li>Turnover\nDetails<\/li><li>Partnership\ndeed, if any <\/li><li>Copy\nof bills of purchased equipment<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"CPCB_Guidelines_for_E-Waste_Recycling_Business\"><\/span><strong>CPCB\nGuidelines for E-Waste Recycling Business<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As per CPCB, a recycler is one who is engaged in recycling and\nreprocessing waste electrical and electronic equipment or its components.<\/p>\n\n\n\n<ul><li>Recyclers may set up their collection\ncentres, and those details should be entered in their authorisation document. <\/li><li>&nbsp;The final product of the recycler must be\nsent\/sold to users or other recyclers with valid CTO from SPCBs. <\/li><li>&nbsp;A recycler should be a part of the E-Waste\nproducer\u2019s system.<\/li><li>&nbsp;Get consent to establish (CoE) from respective\nSPCBs\/PCCs.<\/li><li>&nbsp;Get consent to operate (CoP) from respective\nSPCBs\/PCCs.<\/li><li>&nbsp;Obtain authorisation from SPCBs\/PCCs under the\nE-Waste (Management) Rules, 2016. <\/li><li>A recycler should maintain a proper\ndelivery record.<\/li><li>&nbsp;Discharging end-of-life products should not damage\nhealth, the environment and the product itself. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_Required_For_Registration_for_E-Waste_Recycler\"><\/span><strong>Documents Required For Registration for E-Waste\nRecycler<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol><li>Copy of valid Consent to Operate.<\/li><li>Copy of registered certificate issued\nby the District Industries Centre or MSME<\/li><li>Manufacturing process flowchart &amp;\ndescription.<\/li><li>Details of Pollution Control devices.<\/li><li>Photograph of the unit\/production site.<\/li><li>Details of worker\/ staff\/ management.<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Machinery\/Equipment<\/strong><\/h3>\n\n\n\n<p>The\nmachinery required for E-waste management is a crusher, grinder and shredder.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>E-Waste\nRecycling Process<\/strong><\/h3>\n\n\n\n<p>The\nE-waste recycling process is the labour intensive work where some labour force\nwill be needed to complete the process.<\/p>\n\n\n\n<ul><li>Sorting<\/li><li>Dismantling<\/li><li>Reduction\nProcess<\/li><li>Magnetic\nSeparation<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Cost To\nSet Up E-Waste Recycling Business<\/strong><\/h3>\n\n\n\n<p>The\nbusiness&#8217;s initial capital expenses may range approximately from 30- 40 lakhs.\nThe running expenses of the company may range from 25- 40 lakhs, including the\nfollowing expenses.<\/p>\n\n\n\n<ul><li>Cost\nof the scarp<\/li><li>Logistic\nexpenses<\/li><li>Marketing\nexpenses<\/li><li>Human\nresources cost<\/li><li>Contingency\nexpenses.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Advertising<\/strong><\/h3>\n\n\n\n<p>Advertising\nin print and social media platforms is essential for a successful business, and\ncreating a company website and social media account will help the customer\ncontact the business directly.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Government\nSchemes To Support the MSME Sector<\/strong><\/h3>\n\n\n\n<p>The\ngovernment has initiated many schemes to boost the MSME sector, the businesses\nplanning for micro or small or medium start up can utilise these government\nschemes to sustain their growth. Some of the government initiatives are<\/p>\n\n\n\n<ul><li>Make\nin India<\/li><li>Stand\nup India<\/li><li>Start-up\nIndia<\/li><li>Atmanirbhar\nbharat Abhiyaan<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>E-waste is responsible for over 70% of all environmental emissions. One of the most critical ways to lower emissions worldwide is through e-waste management. The E-waste recycling business has a good market because of the increase in consumption of electronic household items and gadgets among the people multiplying the E-waste from the current scenario. Careful preparation and implementation will make the E-Waste recycling business successful.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read Our Article<\/b>: <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/eia-guidelines-for-development-projects\/\">Overview Of EIA Guidelines For Development Projects<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The management of E-waste has become a growing concern in this era. The tremendous increase in the growth of the IT sector has fuelled electronic penetration into an everyday product. The increase in the demand of consumers for electronic gadgets and growing requirements for upgrading to new technology cause E-waste accumulation. Some of the E-waste [&hellip;]<\/p>\n","protected":false},"author":58,"featured_media":52701,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[888],"tags":[2345],"acf":{"service_id":"492"},"authorName":"Hemalatha","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-103.jpg","authorDescription":"I have completed L.L.B from Venkateswara University and also completed M.C.A from Anna University. I have 5+ years experience in both technical and legal side. I also have a experience in working as a Attorney in District court and handled civil and criminal cases. My area of interest are environmental law, companies Act 2013 and civil law.","postViews":4952,"readingTime":5,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/52700"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=52700"}],"version-history":[{"count":2,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/52700\/revisions"}],"predecessor-version":[{"id":52703,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/52700\/revisions\/52703"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/52701"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=52700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=52700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=52700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}