The growing economies across the globe are observing an increase in urban population, rise in per capita income level and increasing consumption level. With India growing on similar grounds, increase in purchasing power has led to more affordability and accessibility of the resources that increased the levels of municipal as well as industrial wastes across the Indian States. Having said, close to 62 MT waste is generated on an annual basis that will increase by two times by 2030.
That said, the Indian garbage, by 2025, is likely to offer a business opportunity of $14 billion, unlocking new business avenues in the waste treatment industry.
The increase in municipal solid waste (MSW) and industrial waste has led to a rise in public health concerns and environmental impacts due to the production of greenhouse gases. Of the total generated municipal solid waste, close to 45 per cent is actually treated with rest is thrown on the designated landfills, sewage and water bodies.
More than 50 per cent of the total solid waste generated remains untreated and dumped on the landfills due to the lack of efficient waste management system in India. As municipal solid waste (MSW) holds close to 75 per cent of the total waste generated in India, there lies an investment opportunity for the private players to convert a pile of garbage into the income streams.
- NTPC to set up about 100 waste-to-energy pollution free plants across the country India has the potential to generate approximately 3 GW of electricity from waste by 2050. The government allows 100 per cent FDI under the automatic route for urban infrastructure areas including waste management subject to relevant rules and regulations.
- The central government has been implementing Swachh Bharat Abhiyan , emphasizing waste management at different stages of generation, collection and disposal.
- Municipal solid waste management sector in India is projected to see capital and O&M requirement of close to USD 65 Billion by 2030.
- India has the potential to generate approximately 90 million tonnes per annum of waste by 2030-2032.