In India, the increasing volume of waste generated by rapidly growing urbanization and industrialization has led to significant environmental challenges. As waste management becomes a critical concern, the industry has witnessed substantial growth, driven by the need for effective waste disposal, recycling, and resource recovery.
The waste management and recycling industries play a pivotal role in addressing these challenges by not only providing efficient systems for the collection, segregation, and disposal of waste but also by transforming waste into valuable resources.
Recognition of Waste Management and Recycling Industry
As per sources, the Indian government is considering giving waste management companies industrial status in order to improve their operational control and financial accessibility. This move aids the growing demand for recycling and e-waste management, along with attempts to address increased waste creation and assist the sector’s growth.
This matter was addressed following a long-standing demand of the waste management sector, as an industry status helps businesses get easier access to cheaper bank loans.
Some Industry officials have mentioned that, This has been a constant demand by the waste management and recycling sector, and a proposal has been submitted which is under consideration by the government.
Benefits of Industry Status
Receiving industry status provides a sector with formal recognition as a critical contributor to the economy, unlocking various financial and policy benefits.
It ensures easier access to funding through priority lending by banks and financial institutions, often at lower interest rates, which reduces the overall cost of capital, making it simpler for businesses to invest in growth, infrastructure, and innovation, fueling sectoral development and competitiveness.
Businesses that are awarded industrial status by the government are not only eligible for lower interest rates on loans but they are also entitled to perks like cheaper electricity supplies, exemptions from certain levies, and many others.
Listed below are some of the well-known waste management and recycling stocks that you can add to your watchlist, Gravita India, Urban Environ Waste Management, EMS, Antony Waste Handling, Ganesha Ecosphere, and many others.
Gravita India
Gravita India Limited is engaged in operations of specialized verticals like Lead Recycling(flagship), Aluminum recycling, Plastic recycling, and Turnkey projects with a healthy order book of 60000 MT+.
Ganesha Ecosphere
Ganesha Ecosphere Limited specializes in the recycling of post-consumer polyethylene terephthalate (PET) bottles. It operates primarily in the sustainable textile and environmental solutions industry, converting waste PET bottles into high-quality recycled polyester products.
Urban Environ Waste Management
Urban Enviro Waste Management Limited offers services related to solid waste collection, transportation, segregation of waste, and processing and disposal services, street sweeping projects, providing manpower, skilled/unskilled labourers, and many more.
Va Tech Wabag
Va Tech Wabag Limited is engaged in the business of water treatment, by providing end-to-end solutions like design, supply, installation, construction, and operational management of drinking water, wastewater management, desalination, and many more.
Antony Waste Handling
Antony Waste Handling Cell Limited is engaged in the business of mechanical power sweeping of roads, collection and transportation of waste, waste to energy project, and undertaking the designing, construction, operation, and maintenance of integrated waste management.
Written by: Bharath K.S
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