An e-waste recycling startup in Faridabad, India by “a recycler with professional degrees and an organized setup” is changing the way people in India look at scrap recycling.
The Namo E-waste Management was started in 2014 by 28 year old Akshay Jain , who did his MBA from Greenwich University in the UK, where he learnt how organized waste management worked.
{alcircleadd}“Waste was properly segregated, identified and disposed of according to specified norms across the UK. I was inspired by the robust recycling mechanism in place and wanted to do something similar in India,” he says.
“I focused on e-waste because of a near total lack of awareness about it and also because it is the fastest growing solid waste stream here,” he says.
The company took one year to get the logistics in place and it stated operations in August 2015.
within two years of operations, NCR-based Namo E-waste has expanded its operations in 12 states and Union Territories through its e-waste collection centres and channel partners.
“We have been able to reach 70% of the e-waste generated in the country,” adds Jain.
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The company has entered into contracts with large corporates to collect their e-waste. Some of their clients include Flipkart, Havells, Voltas, TataSky, Godrej and Telenor. The company also collects e-waste from housing societies, resident welfare associations and individuals in a parallel B2C set up which they plan to expand further.
The company first segregate the collected e-waste and put the usable devices for refurbishing. These are then sold through online marketplaces and a dealers’ network. The unusable waste is then scrapped and remelted to extract valuable metals like aluminium, copper, iron, etc., which are then supplied to local foundries.
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