Page 49 - Banking Finance August 2021

ARTICLE

chemical recycling requires breaking materials down 35 % of News papers in USA are recycled, even though
chemically to produce something very different, examples a single Sunday edition of a major newspapers, such as
include melting metals, chemically treating old paper and the New York, typically uses 75,000 trees in its
breaking down plastic bottles in order to make brand new production. So recycling papers conserves natural
products. resources, save energy, reduce green house gas
emissions and keep landfill space free for other types of
Unique characteristics of India's Economy, in particular its trash that can't be recycled.
enormous size and strong entrepreneurial culture, will help
2) E-Waste Recycling- It is a booming business these days
the recycling and waste management sector thrive in the
due to the wastage of huge electronic devices and its
longer-term. India presents a huge wealth of opportunities rapid increase can be a severe loss of mankind because
for investment in these sectors. Unlike other countries in the in e-waste composition of various metals are found most
region, India's recycling sector does not need to rely on harmful material which produce dangerous fumes when
imports or exports, they have their own recycling ecosystem disposed of, also other toxic materials like lead,
and can manage it all domestically. In fact, plastic waste cadmium, mercury and chemical flame retardants can
imports in India are comparatively small. easily leach into our soil and water making it infertile .
Electronic waste recycling process can be used for
In the present era there is a huge opportunity to create
recycling all kinds of waste or used electric appliances
more avenues to that group of people who are going to opt such as computer, TV, air conditioner, refrigerator etc.
and invest in recycling units from small to large scale. There
From its recycling process clean metal and other
are a number of Shovel Ready projects (Shovel ready is a material like copper, aluminum, iron, plastic, insulation
phrase used to describe a construction project that is foam membrane can be separated and can become
considered to be at an advanced enough stage of reusable. In this type of recycling business the profit
development for building to begin soon. The term generally are almost double than the initial investment.
implies that planning is more or less complete, approval
3) Battery Recycling- As Batteries are being used in almost
permits are in place, and laborers can get to work once
sufficient funding is secured. ) in recycling sectors in India all household items, automobiles etc. and it contain a
but could not grow due to lack of capital and awareness number of heavy metals and toxic chemicals those are
.These are the business that no one has ever invested in or also responsible for soil contamination and water
pollution. Therefore for its recycling is also very
looked to invest in. Now the catalytic capital may correct
these blockage in the financial chain is a critical ingredient important but with precautions and profit is moderate
in this business.
to help the marketplace grow and should therefore present
investors with attractive opportunities. 4) Garbage Recycling-This is the leading industry and it
has governments aid as well for all those who want to
Business Opportunity for Banks: take up it as business, Also the returns on the
This would be also a good opportunity for the banks to investments and may get government grant and
provide a better platform in the way of financial support to subsidies for a raw materials processing and man power.
them and also to opt it as another source to improve their For example, making of Incense sticks from waste
profitability as well as to pay their social responsibilities by flowers. The flowers are segregated and set out to dry.
focusing on top 10 most profitable recycling business types The dried flowers are powdered and mixed with binding
& Ideas as below- powder and saw dust then rolled over with bamboo
1) Waste Paper recycling business- It requires small sticks to make the final product known as Agarbatti
investment initially but finally the returns are really good stick. Also it is one of the primary sources to produce
on the same, and also overcome the negative impact the Fertilizers for agriculture purpose with less
on the environment. As per the information most of investment and adequate profitability.
recycling saves energy, thus reducing air pollution and 5) Tire Recycling- This is a type of secondary recycling and
global warming. For every ton of 100 % recycling paper also one of the booming industry and gaining wide
used in place of non recycled paper, 17 trees are saved popularity too. Like all business it also has adequate
64% less energy is used ,air pollution is cut by 74%. Only opportunities and profitability.

BANKING FINANCE | AUGUST | 2021 | 49