The E-waste recycling business is one of the emergent and profitable ventures. E-waste or electronic waste recycling is a process in which the usable parts are extracted from trash electronic equipment like computers, mobile phones, calculators, laptops, television, refrigerator, etc. for reprocessing and reuse.
The E-waste recycling business had an optimistic growth in India and doing extremely well in the last few years. The business has the potential to generate great revenue and meet future demands.
E-waste Recycling Business Plan
To start an e-waste recycling business one needs to determine a few important factors. Starting this business demands different types of permission and licensing from the Government.
Whereas the area required to start the business is nearly 4000-5000 sqft. and required manpower is around 8 to 10.
Raw materials used in the process are scrap electrical and electronic gadgets and equipment.
Investment Required In E-waste Recycling Business
Including the cost done on machinery, the investment required in the e-waste recycling business is around ₹ 45 to 50 lacs.
Machines Required In E-waste Recycling Business
The basic machines used for the processing of e-waste are-
- Shredders
- Vibratory Feeder
- Drum Separator
- Conveyor
- Retorts
Profitability In E-waste Recycling Business
Proper planning along with good business guidance can provide strong profitability of up to 20% in an e-waste recycling business.
E-waste Recycling Business Project Report
For starting an e-waste recycling business, a project report is required to understand the necessities of the business. It is also helpful for getting a loan from the bank.
For starting this business, you can connect with Institute for Industrial Development at www.iid.org.in which provides you with entrepreneur training, certificate, and the right business directions. It is an incubator with the Govt. of India, working towards nurturing the aspiring entrepreneur to become a successful entrepreneur.
